Immelt to head GE

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Jeffrey R. Immelt, 44, was named to succeed John F. Welch Jr., 65, as chairman-CEO of General Electric Co., Fairfield, Conn. Mr. Immelt immediately becomes president and chairman-elect of GE, from president-CEO of its $7 billion GE Medical Systems unit. Mr. Welch retires from GE next year. Mr. Immelt began his GE career in 1982 and has held several marketing posts.

Copyright November 2000, Crain Communications Inc.

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