FILE - In this Monday, April 4, 2016, file photo, General Electric CEO Jeff Immelt speaks during a news conference in Boston, held to unveil more details about GE's move to the city, pledging to spend $50 million on a series of initiatives in Boston. General Electric announced Monday, June 12, 2017, that Immelt is stepping down after 16 years as CEO of the iconic conglomerate. Immelt took the helm in 2001 from legendary CEO Jack Welsh. John Flannery, president and CEO of the GE’s health care unit, will take over as CEO in August 2017. (AP Photo/Steven Senne, File)
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