View source for Jeff Immelt

{{short description|American businessman (born 1956)}}
<ref>{{Cite web |title=Thirty Minute Mentors Podcast Transcript: Former GE CEO Jeff Immelt – Adam Mendler |url=https://www.adammendler.com/blog/jeff-immelt/ |access-date=2025-10-02 |website=www.adammendler.com}}</ref>{{Use mdy dates|date=July 2024}}
{{Infobox person
| name               = Jeff Immelt
| image              = Jeffrey R. Immelt Senate of Poland.jpg
| caption            = Immelt in 2009
| birth_name         = Jeffrey Robert Immelt
| birth_date         = {{birth date and age|1956|2|19}}
| birth_place        = [[Cincinnati]], [[Ohio]], U.S.
| death_date         = 
| death_place        = 
| occupation         = Manufacturing executive
| spouse             = Andrea Immelt
| children           = 1 
| education          = [[Dartmouth College]] ([[Bachelor of Arts|AB]])<br>[[Harvard University]] ([[Master of Business Administration|MBA]])
| party              = [[Republican Party (United States)|Republican]]
}}

'''Jeffrey Robert Immelt''' (born February 19, 1956) is an American manufacturing executive working as a venture partner at [[New Enterprise Associates]].<ref>{{cite news |last=O'Brien |first=Kelly J. |url=https://www.bizjournals.com/boston/news/2018/02/01/jeff-immelt-joins-venture-capital-firm-with.html |title=Jeff Immelt joins venture capital firm with growing Boston presence |work=[[Boston Business Journal]] |date=2018-02-01 |access-date=2018-02-01 }}</ref> He previously was the CEO of [[General Electric]] from 2001 to 2017, and the CEO of GE's Medical Systems division from 1997 to 2000.<ref name="Jeffrey R. Immelt"/> Immelt's tenure saw GE's largest [[divestments]] in the company's history, as the company sold almost two-thirds of its subsidiaries and assets.<ref>{{cite news |last=Egan |first=Matt |date=2017 |title=Inside the dismantling of GE |url=https://money.cnn.com/interactive/news/GE-dismantling-interactive/index.html |url-status=live |work=CNN |archive-url=https://web.archive.org/web/20230714204609/https://money.cnn.com/interactive/news/GE-dismantling-interactive/index.html |archive-date=14 July 2023 |access-date=14 July 2023}}</ref><ref>{{Cite web|url=https://www.annualreports.com/HostedData/AnnualReportArchive/g/NYSE_GE_2007.pdf|title=2007 Annual Report|website=Annualreports.com|archive-url=https://web.archive.org/web/20171016152458/http://annualreports.com/HostedData/AnnualReportArchive/g/NYSE_GE_2007.pdf|archive-date=October 16, 2017|url-status=live}}</ref><ref name=":1">{{Cite web|url=https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_GE_2017.pdf|title=2017 Annual Report|website=Annualreports.com|archive-url=https://web.archive.org/web/20181118164736/https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_GE_2017.pdf|archive-date=November 18, 2018|url-status=dead}}</ref>

==Early life and education==
Immelt was born on February 19, 1956,<ref name=":2">{{Cite book |last1=Gryta |first1=Thomas |title=Lights out: pride, delusion, and the fall of General Electric |title-link=Lights Out (book) |last2=Mann |first2=Ted |date=2021 |publisher=Mariner Books, Houghton Mifflin Harcourt |isbn=978-0-358-25041-8 |location=Boston New York}}</ref>{{Rp|page=25}} in [[Cincinnati]], the son of Donna Rosemary (née Wallace), a school teacher, and Joseph Francis Immelt, who managed the [[GE Aviation|General Electric Aircraft Engines Division]].<ref>{{cite web|url=http://www.encyclopedia.com/doc/1G2-3448500266.html|title=Immelt, Jeffrey R. 1956–|website=Encyclopedia.com|access-date=2015-12-03}}</ref><ref name="bookref1">{{cite book|last=Byrum Keller|first=Valerie|title=Immel and Imel families in America: twigs and branches of the Immel family tree|publisher=Schlechter's|year=1974|page=25}}</ref>

Immelt attended [[Finneytown Secondary Campus]].<ref name=":3" /> There he captained the football and basketball teams.<ref name=":2" />{{Rp|page=26}} In college he played football and was an offensive tackle.<ref name=":3">{{cite news| url=https://www.reuters.com/video/2011/11/04/soros-greeks-would-be-ill-advised-to-lea?videoId=223718261&videoChannel=4301&refresh=true | archive-url=https://web.archive.org/web/20130627211421/http://www.reuters.com/video/2011/11/04/soros-greeks-would-be-ill-advised-to-lea?videoId=223718261&videoChannel=4301&refresh=true | url-status=dead | archive-date=2013-06-27 | work=Reuters | title=GE's Jeff Immelt: how the US can win (15:00)}}</ref> He earned an A.B. in [[applied mathematics]] and [[economics]] ''cum laude''<ref name="engineering.dartmouth.edu">{{cite web|url=http://engineering.dartmouth.edu/news/jeffrey-immelt-thayer-school-investiture-speaker/|title=Jeffrey Immelt, Investiture Speaker|website=Engineering.dartmouth.edu|access-date=2015-12-03}}</ref> from [[Dartmouth College]] in 1978. He was president of his fraternity, [[Phi Delta Alpha]].<ref>{{cite web | url=http://www.dartmouth.edu/~trustees/biographies/immelt.html| title=Jeffrey R. Immelt '78|website=Dartmouth.edu|access-date=2015-12-03}}</ref>

During his years at Dartmouth he worked summers on a [[Ford Motor Company|Ford]] assembly line in Cincinnati;<ref name=":4" /> after graduating he worked for [[Procter & Gamble]], where he shared a cubicle with [[Steve Ballmer]], who went on to become CEO of [[Microsoft]].<ref name=":2" />{{Rp|page=26}} He obtained an MBA from [[Harvard Business School]] in 1982<ref name=":4">{{cite web | url=https://economix.blogs.nytimes.com/2011/01/21/jeffrey-immelt-101/?_r=0 | website=Economix.blogs.nytimes.com | title = Jeffrey Immelt 101| date=21 January 2011 |access-date=2015-12-03}}</ref> and described business school as "one of the most intense times of your life."<ref>{{cite web | url=http://poetsandquants.com/2011/05/04/fortune-100-ceos-when-they-were-mba-students/|title=Fortune 100 CEOs:When they were MBA Students|website=Poetsandquants.com|date=4 May 2011|access-date=2015-12-03}}</ref> He was later offered to work for [[Morgan Stanley]], which he declined. Instead, he wanted to work for General Electric like his father.<ref name=":2" />{{Rp|page=26}}

== General Electric ==
[[File:Jeffrey Immelt.jpg|thumb|Immelt at the [[U.S. Climate Action Partnership]] in January 2007]]

Immelt joined General Electric in 1982, working in GE's plastics, appliances, and healthcare businesses. He became a GE corporate officer in 1989, joined the GE Capital board in 1997<ref>{{cite web|url=http://www.ge.com/about-us/leadership/jeff-immelt|title=Jeff Immelt, CEO|website=Ge.com|access-date=2015-12-03|url-status=dead|archive-url=https://web.archive.org/web/20151119060256/http://www.ge.com/about-us/leadership/jeff-immelt|archive-date=2015-11-19}}</ref> and took the reins of the corporate leadership of GE Healthcare{{Citation needed|date=January 2021}} before assuming his position as CEO in 2001.

===Tenure as CEO===
Four days after Immelt became CEO,<ref>{{cite web|title=GE Management – GE Executives – Leadership|url=http://www.ge.com/company/leadership/index.html|access-date=September 7, 2012|url-status=dead|archive-url=https://web.archive.org/web/20120906053045/http://www.ge.com/company/leadership/index.html|archive-date=September 6, 2012}}</ref> the [[September 11 attacks]] took place which cost GE's insurance division $600&nbsp;million, killed two employees and directly affected the company's Aircraft Engines sector.{{Citation needed|date=January 2021}} After becoming CEO, Immelt offered an expanded set of financial reports in addition to GE's traditional format.<ref>{{cite web|url=http://ww2.cfo.com/risk-compliance/2002/06/corporations-supersize-annual-reports/|title=Corporations Supersize Annual Reports|website=Cfo.com|date=June 2002|access-date=2015-12-03}}</ref>

Immelt participated actively in mergers and acquisitions,<ref name="Immelt and GE, 10 years in"/><ref>{{cite news|url= https://www.wsj.com/articles/how-jeffrey-immelts-success-theater-masked-the-rot-at-ge-1519231067|title=How Jeffrey Immelt's 'Success Theater' Masked the Rot at GE|newspaper=Wall Street Journal|date=21 February 2018|access-date=2021-01-18}}</ref> purchasing Amersham PLC for $9.5&nbsp;billion in 2004<ref>{{cite web|url= http://www.bizjournals.com/milwaukee/stories/2004/04/05/daily37.html?page=all| title= GE completes acquisition of Amersham, restructures GE Healthcare|website=Bizjournals.com|access-date=2015-12-03}}</ref> and Alstom's power business for approximately €12.4 &nbsp;billion in 2015.<ref>{{citation| url =http://www.alstom.com/press-centre/2015/11/alstom-refocused-on-rail-transport-with-strong-leadership-positions/| title = Alstom refocused on rail transport with strong leadership positions| date = 2 November 2015| work = www.alstom.com| type = press release}}</ref> Immelt sold GE's plastics business for $11.6&nbsp;billion in 2007,<ref>{{cite news| url=https://www.nytimes.com/2007/05/22/business/22plastics.html?_r=0 | title=General Electric to Sell Plastics Division| work=The New York Times| date=22 May 2007|access-date=2015-12-03| last1=Deutsch| first1=Claudia H.}}</ref> NBC Universal for $8&nbsp;billion in 2013,<ref name="Immelt and GE, 10 years in">{{cite web|last=Linebaugh |first=Kate |url=https://www.wsj.com/articles/SB10001424053111903648204576552392321918126 |title=A Look at GE, 10 Years After Jeff Immelt Became CEO |publisher=WSJ |date=2011-09-06 |access-date=2015-12-03}}</ref><ref>{{cite web|last=Lieberman |first=David |url=https://deadline.com/2013/03/comcast-completes-acquisition-nbcuniversal-457181/ |title=Comcast Completes Acquisition Of GE's 49% Stake In NBCUniversal |publisher=Deadline |date=2013-03-19 |access-date=2015-12-03}}</ref> and GE's appliances business for $3.3&nbsp;billion in 2014.<ref>{{cite web|url=https://www.forbes.com/sites/maggiemcgrath/2014/09/08/ge-strikes-3-3-billion-deal-to-sell-appliances-business/|title=GE Strikes $3.3 Billion Deal to Sell Appliances Business|website=Forbes.com|access-date=2015-12-03}}</ref> In 2015, GE announced it would sell its real estate holdings for $26.5&nbsp;billion and most of GE Capital's assets.<ref>{{cite web|url=http://www.businessinsider.com/r-ge-close-to-selling-part-or-all-of-its-real-estate-holdings-wsj-2015-4|title=GE is spinning out most of its $500 billion GE Capital business, selling its $26.5 billion real-estate portfolio, and planning a $50 billion buyback|website=Businessinsider.com|access-date=2015-12-03}}</ref><ref>{{cite news|last=Collins|first=Allison|title=For GE Capital's Coveted Antares Unit, New Owner Means Expansion Beyond Senior Debt|work=Mergers & Acquisitions, Latest News|access-date=2015-11-03|url=http://www.themiddlemarket.com/news/lender_news/for-antares-capital-new-ownership-means-expansion-beyond-senior-debt-256722-1.html}}</ref><ref>{{Cite news|issn=0099-9660|last1=Sidel|first1=Robin|last2=Linebaugh|first2=Kate|title=GE to Sell Health-Care Lending Operations to Capital One for $9 Billion|work=Wall Street Journal|access-date=2015-11-03|date=2015-08-11|url=https://www.wsj.com/articles/ge-to-sell-health-care-financial-services-ops-to-capital-one-1439324324}}</ref><ref>{{cite news|title=BMO to Buy GE Capital's Transportation Finance Unit - Bloomberg Business|access-date=2015-11-03|url=https://www.bloomberg.com/news/articles/2015-09-10/bank-of-montreal-agrees-to-buy-ge-s-transportation-finance-unit|work=Bloomberg News}}</ref>

During Immelt's tenure as CEO, the company's financial performance suffered considerably, as shares of GE dropped 30 percent, while the S&P 500 rose by 134% over the same period of time, which had led to suspicions of his managerial competencies to be called into question when running the day-to-day operations of the corporation.<ref>{{cite web |last=Shen |first=Lucinda |date=12 June 2017 |title=General Electric's Value Plummeted Under CEO Jeff Immelt |url=https://fortune.com/2017/06/12/ge-stock-jeff-immelt/ |access-date=6 November 2019 |publisher=[[Fortune (magazine)|Fortune]]}}</ref> GE restated its earnings in 2005<ref>{{cite web |title=Special Note to GE Investors |url=http://www.ge.com/investor-relations/investor-services/restatement |url-status=dead |archive-url=https://web.archive.org/web/20151208144746/http://www.ge.com/investor-relations/investor-services/restatement |archive-date=2015-12-08 |access-date=2015-12-03 |website=Ge.com}}</ref> and agreed to pay the SEC $50&nbsp;million to settle allegations of accounting fraud in 2009.<ref>{{cite web |title=SEC Charges General Electric with Accounting Fraud |url=https://www.sec.gov/news/press/2009/2009-178.htm |access-date=2015-12-03 |website=Sec.gov}}</ref>

GE received aid from the Federal Reserve while not paying federal income taxes became a political issue in the 2016 presidential campaign,<ref>{{cite web |title=Guess What? General Electric Didn't Pay Any Federal Income Taxes In 2010 Either |url=http://www.businessinsider.com/citizens-tax-justice-tax-pepco-2011-11 |access-date=2015-12-03 |website=Businessinsider.com}}</ref><ref>{{cite web |title=Bernie Sanders |url=http://www.sanders.senate.gov/top-10-corporate-tax-avoiders |url-status=dead |archive-url=https://web.archive.org/web/20201210210410/https://www.sanders.senate.gov/top-10-corporate-tax-avoiders |archive-date=2020-12-10 |access-date=2015-12-03 |website=Sanders.senate.gov}}</ref> although GE did pay taxes in other jurisdictions.{{Citation needed|date=January 2021}} At the end of 2012, over $100&nbsp;billion had been kept offshore to avoid a special federal repatriation tax.<ref>{{cite web |date=11 March 2013 |title=General Electric Avoids Taxes By Keeping $108 Billion Overseas |url=https://www.huffingtonpost.com/2013/03/11/general-electric-taxes_n_2852094.html |access-date=2015-12-03 |website=Huffingtonpost.com}}</ref> In 2015, GE announced a repatriation program for part of its cash balances.{{Citation needed|date=January 2021}} In 2016, GE moved its headquarters from Connecticut to Massachusetts, citing Connecticut's tax increases.<ref>{{cite news |last1=Avila |first1=Joseph De |date=21 November 2016 |title=GE Sells Connecticut Headquarters for $31.5 Million |newspaper=Wall Street Journal |url=https://www.wsj.com/articles/ge-sells-connecticut-headquarters-for-31-5-million-1479759565 |access-date=2021-01-18}}</ref>

Immelt had an empty private jet following his own private jet, in case there were delays with his primary jet.<ref>{{cite web |title=Former GE CEO Jeff Immelt used to have an empty private jet fly next to his — just in case there were delays |url=https://www.businessinsider.com/ge-jeff-immelt-two-private-jets-2017-10 |access-date=2015-12-03 |website=[[Business Insider]]}}</ref>

====Employment====
{{Importance section}}

At the end of 2001 when Immelt replaced [[Jack Welch]], GE employed 219,000 worldwide and 125,000 in the US, as reported in its SEC Form 10K for 2001. GE's SEC Form 10K for 2014 states that worldwide employment is 305,000, and US employment is 136,000. These employment levels have varied significantly under Immelt.{{Citation needed|date=January 2021}}

General Electric year end employment has varied from 273,000 in 2010 to 305,000 in 2014, a net increase of 37,000. Employment had dropped from 315,000 in 2002 to 307,000 in 2013.<ref>{{cite web|title=General Electric Co. Form 10-K|url=http://www.ge.com/ar2013/pdf/GE_2013_Form_10-K.pdf|website=Ge.com|access-date=2015-12-03|archive-url=https://web.archive.org/web/20150221030628/http://www.ge.com/ar2013/pdf/GE_2013_Form_10-K.pdf|archive-date=2015-02-21|url-status=dead}}</ref>

===Executive compensation and retirement===
Immelt's executive compensation has fluctuated significantly throughout his managerial career. As CEO of General Electric in 2007, Immelt received a total compensation of $14,209,267.<ref name="equilar.com"/> In 2008, he received a total compensation of $5,717,469.<ref>{{cite web|url=http://topnews.us/content/23690-bonus-incentive-waiver-ge |title=Bonus, incentive waiver by GE &#124; TopNews United States |website=Topnews.us |access-date=2015-12-03}}</ref> In 2009, Immelt received a total compensation of $5,487,155.<ref name="equilar.com">[http://www.equilar.com/CEO_Compensation/General_Electric_Jeffrey_R._Immelt.php]  {{webarchive|url=https://web.archive.org/web/20100318060108/http://www.equilar.com/CEO_Compensation/General_Electric_Jeffrey_R._Immelt.php|date=March 18, 2010}}</ref> In 2010, Immelt's compensation nearly tripled to $15.2&nbsp;million.<ref>{{cite news|agency=Associated Press|title=GE CEO Jeffrey Immelt saw compensation jump to $15.2 million|url=http://www.cleveland.com/business/index.ssf/2011/03/ge_ceo_jeffrey_immelt_saw_comp.html.|access-date=February 29, 2012|url-status=dead|archive-url=https://web.archive.org/web/20130517114157/http://www.cleveland.com/business/index.ssf/2011/03/ge_ceo_jeffrey_immelt_saw_comp.html.|archive-date=May 17, 2013}}</ref> Immelt had a total five year compensation of $53.82&nbsp;million through 2011, an income which ranked sixth among executives employed by US-based conglomerates. Some components of his total compensation package over the years have been newsworthy. In some years he was granted stock options at $0, and in other years he was paid no bonus.<ref>{{cite news|last=Forbes|title=#145 Jeffrey R. Immelt|url=https://www.forbes.com/lists/2011/12/ceo-compensation-11_Jeffrey-R-Immelt_67G5.html.|access-date=February 29, 2012|date=April 13, 2011|archive-date=June 17, 2013|archive-url=https://web.archive.org/web/20130617114402/http://www.forbes.com/lists/2011/12/ceo-compensation-11_Jeffrey-R-Immelt_67G5.html.|url-status=dead}}</ref> In 2014 his compensation totalled $18.8&nbsp;million,<ref>{{cite web|url=https://www.usatoday.com/story/money/2015/03/10/ges-immelt-received-188-million-in-2014-compensation/24724127/|title=GE's Immelt received $18.8M in 2014 compensation|website=Usatoday.com|access-date=2015-12-03}}</ref> a decrease from his 2013 compensation of $25.8&nbsp;million.<ref>{{cite web|url=https://money.cnn.com/2013/03/11/news/companies/ge-immelt-pay/|title=GE CEO Immelt's pay jumps 20% to $25.8 million|website=Money.cnn.com|date=11 March 2013|access-date=2015-12-03}}</ref> That 2013 compensation had risen 20% over his 2012 compensation of $20.6&nbsp;million.<ref>{{cite web|url=https://www.cbsnews.com/news/general-electric-in-2012-boosted-ceo-compensation/|title=General Electric in 2012 boosted CEO compensation|website=Cbsnews.com|date=11 March 2013 |access-date=2015-12-03}}</ref>

On June 12, 2017, GE announced that Immelt would retire as CEO and would be replaced by [[John L. Flannery]].<ref name=nyt-ge>{{cite news |last1=Bray |first1=Chad |last2=Lohr |first2=  Steve|date=June 12, 2017 |title=Jeffrey Immelt to Retire as General Electric Chief |url=https://www.nytimes.com/2017/06/12/business/ge-immelt.html?emc=edit_na_20170612&nl=breaking-news&nlid=50850663&ref=headline&_r=0 | work=[[The New York Times]] |location=New York City |access-date=June 12, 2017}}</ref> Immelt stepped down in October 2017.<ref name=":0">{{Cite news|url=https://www.cnbc.com/2018/02/07/former-ge-ceo-jeff-immelt-named-chairman-of-athena-health.html|title=Former GE CEO Jeff Immelt named chairman of Athenahealth|last=Aiello|first=Chloe|date=2018-02-07|work=CNBC|access-date=2018-02-25}}</ref>

== Later career ==

=== Uber ===
Immelt was initially a top candidate to become CEO of [[Uber]], replacing founder [[Travis Kalanick]]. He was initially Kalanick's favorite for the post, in part because he was still open to Kalanick still having a significant role.<ref name=SuperPumped>{{cite book|title=[[Super Pumped|Super Pumped: The Battle for Uber]]|author1=Mike Isaac|publisher=[[W. W. Norton]]|date=2019|isbn=9780393652246}}</ref>{{rp|313, 318}} However, Immelt's presentation before the board was poorly received; one director called it "a bad joke," and even Kalanick soured on him.<ref name=SuperPumped/>{{rp|321}} Immelt withdrew from consideration after a director privately told him he had no chance at getting the job.<ref name=SuperPumped/>{{rp|322-324}}

=== athenahealth ===
On February 7, 2018, Immelt became the executive chairman of the board at [[athenahealth]], a private American health care company that provides network-enabled services for point-of-care mobile apps.<ref name=":0" /> Immelt joined the board of directors of Radiology Partners two weeks later.<ref>{{Cite news|url=https://www.cnbc.com/2018/02/21/jeff-immelt-joins-radiology-partners-board-after-athenahealth-chairman.html|title=Ex-GE CEO Jeff Immelt's second act leads him to another health-care firm board|last=Lovelace|first=Berkeley Jr.|date=2018-02-21|work=CNBC|access-date=2018-02-25}}</ref> On June 6, 2018, Immelt was named executive chairman of athenahealth.<ref>{{Cite web|url=http://newsroom.athenahealth.com/phoenix.zhtml?c=253091&p=irol-newsArticle&ID=2353519|title=Press Releases {{!}} athenahealth {{!}} Press Release|website=newsroom.athenahealth.com|access-date=2018-06-21|archive-url=https://web.archive.org/web/20180628113335/http://newsroom.athenahealth.com/phoenix.zhtml?c=253091&p=irol-newsArticle&ID=2353519|archive-date=2018-06-28|url-status=dead}}</ref> Athenahealth was later acquired by [[Veritas Capital]] in 2019.<ref>{{cite web|url=https://www.bloomberg.com/news/articles/2018-11-15/far-from-ge-collapse-jeff-immelt-is-wheeling-and-dealing-again|title=Far From GE's Collapse, Jeff Immelt Is Wheeling and Dealing Again|publisher=Bloomberg News|date=August 26, 2016}}</ref><ref>{{cite web|url=https://www.prnewswire.com/news-releases/athenahealth-enters-definitive-agreement-to-be-acquired-by-veritas-capital-for-135-per-share-in-cash-300748202.html|title=athenahealth Enters Definitive Agreement to be Acquired by Veritas Capital For $135 Per Share in Cash|publisher=PR Newswite|date=August 26, 2016}}</ref><ref>{{cite web |url=https://www.businesswire.com/news/home/20160826005091/en/Verisk-Health-Announces-Rebrand-Verscend-Technologies|title=Verisk Health Announces Rebrand to Verscend Technologies|publisher=BusinessWire|date=August 26, 2016}}</ref>

=== Tuya Smart ===
Immelt became a board member of [[Tuya Inc.|Tuya Smart]] in September 2019.<ref>{{Cite web|url=https://www.tuya.com/news-details/00000005rj|title=Tuya Smart Appoints Former GE CEO Jeff Immelt to Board-Tuya Smart|website=www.tuya.com|access-date=2020-03-03}}</ref><ref>{{Cite web|url=https://staceyoniot.com/iot-news-for-the-week-of-sept-27-2019/|title=IoT News for the week of Sept. 27, 2019|date=2019-09-27|website=Stacey on IoT {{!}} Internet of Things news and analysis|language=en-US|access-date=2020-03-03}}</ref> Immelt attended the [[Consumer Electronics Show]] in 2020 on behalf of Tuya Smart.<ref>{{Cite web|url=https://www.usatoday.com/story/tech/2020/01/20/why-we-need-federal-data-privacy-law/2803896001/|title=What will it take for the government to protect your privacy?|last=Baig|first=Edward C.|website=USA TODAY|language=en-US|access-date=2020-03-03}}</ref>

=== Built Robotics ===
On June 30, 2020, Immelt was announced as an advisor to [[Built Robotics]], a company develops vehicular automation hardware and software. He joined Eric Sellman, Vice President of Civil at Mortenson, in the role.<ref>{{cite press release |author=<!--Staff writer(s); no by-line.--> |title=Jeff Immelt, Former CEO of GE, Joins Built Robotics as an Advisor |url=https://www.prnewswire.com/news-releases/jeff-immelt-former-ceo-of-ge-joins-built-robotics-as-an-advisor-301084400.html?tc=eml_cleartime |location=San Francisco, CA, USA |publisher=Built Robotics |agency=PR Newswire |date=June 30, 2020 |access-date=2020-06-30}}</ref>

==Philanthropy==
===Charitable activities===
Immelt is also an active philanthropist. He is on the board of two [[non-profit organizations]].<ref name="Jeffrey R. Immelt">{{cite web|url=http://www.newyorkfed.org/aboutthefed/orgchart/board/immelt.html|title=Jeffrey R. Immelt|website=Newyorkfed.org|access-date=2015-12-03}}</ref><ref>{{cite web|url=http://www.catalyst.org/media/catalyst-welcomes-jeffrey-immelt-and-c-steven-mcmillan-extraordinary-board-directors|title=Catalyst Welcomes Jeffrey Immelt and C. Steven McMillan To Extraordinary Board of Directors|website=Catalyst.org|access-date=2015-12-03|archive-date=September 11, 2015|archive-url=https://web.archive.org/web/20150911083845/http://www.catalyst.org/media/catalyst-welcomes-jeffrey-immelt-and-c-steven-mcmillan-extraordinary-board-directors|url-status=dead}}</ref> He was a Charter Trustee of his ''alma mater'', Dartmouth, from 2008 to 2016.<ref>{{cite web|url=https://www.dartmouth.edu/trustees/emeriti/|title=Trustees Emeriti|website=Dartmouth.edu|access-date=2021-01-18}}</ref> He has also served Dartmouth on its Alumni Council and as a class officer.<ref name="Board of Trustees">{{cite web| url= http://www.dartmouth.edu/~trustees/biographies/immelt.html|title=Board of Trustees|website=Dartmouth.edu|access-date=2015-12-03}}</ref>

Immelt has spoken about the benefits of football to his career. He announced a series of initiatives with NFL Commissioner Goodell including a GE investment of $40&nbsp;million to develop diagnostic equipment for use in head trauma injuries, and GE's participation in a separate $20&nbsp;million effort to develop safer helmets and other equipment.<ref>{{cite web|url=https://www.bloomberg.com/news/videos/b/a80692cb-3563-458c-a5e0-ebe7cff9ea92|title=NFL's Goodell, GE's Immelt on Brain-Injury Study|website=Bloomberg.com|access-date=2015-12-03}}</ref>

The GE Foundation has been praised for its charitable contributions under Immelt's leadership.<ref>{{cite web|url=https://money.cnn.com/2008/06/30/news/companies/ge_philanthropy.fortune/index.htm|title=How GE gives away its money|website=Archive.fortune.com|access-date=2015-12-03}}</ref><ref>{{cite web|url=https://www.forbes.com/pictures/efkk45ekmdh/no-8-ge/|archive-url=https://web.archive.org/web/20130722022904/http://www.forbes.com/pictures/efkk45ekmdh/no-8-ge/|url-status=dead|archive-date=July 22, 2013|title=America's 10 Most Generous Companies|website=Forbes.com|access-date=2015-12-03}}</ref>

Immelt has returned to his hometown High School, Finneytown, to contribute to the Finneytown Schools Education Foundation. The Foundation established the Jeff Immelt Award for leadership in football.<ref name="Most Likely to Succeed">{{cite web|url=http://cincymagazine.com/Main/Articles/Most_Likely_To_Succeed_2919.aspx|title=Most Likely to Succeed|website=Cincymagazine.com|access-date=2015-12-03|archive-date=2015-12-08|archive-url=https://web.archive.org/web/20151208064059/http://cincymagazine.com/Main/Articles/Most_Likely_To_Succeed_2919.aspx|url-status=dead}}</ref>

===Public service===
Immelt was chairman of [[The Business Council]] from 2005 to 2006.<ref name="business">{{cite web|url=http://www.thebusinesscouncil.org/about/background.aspx |title=The Business Council, Official website, Background |website=Thebusinesscouncil.org |access-date=December 2, 2015 |url-status=dead |archive-url=https://web.archive.org/web/20160303213615/http://www.thebusinesscouncil.org/about/background.aspx |archive-date=March 3, 2016 }}</ref>

Immelt was as a member of the board of the Federal Reserve Bank of New York from 2006 to 2011.<ref name="Jeffrey R. Immelt"/><ref>{{cite news|url=https://www.bloomberg.com/news/articles/2011-04-28/ge-s-immelt-quits-new-york-fed-board-of-directors-citing-demands-on-time|title=GE's Immelt Resigns From New York Fed Board of Directors|website=Bloomberg.com|date=28 April 2011 |access-date=2015-12-03}}</ref>

As one of America's top CEOs, Immelt has been a leading proponent of diversity in the work place, saying "If you're serious about&nbsp;... making the world work better, the only discriminating factor should be excellence. In other words, GE is committed to diversity&nbsp;...[because]&nbsp;... it's the only way to do business right&nbsp;... [GE is] committed to employing a diverse workforce with the most innovative minds in the world."<ref>{{cite web|url=http://www.diversityjournal.com/7688-jeff-immelt-general-electric/|title= Jeff Immelt- General Electric, Diversity and Leadership at GE|website=Diversityjournal.com|access-date=2015-12-03}}</ref>

Immelt was appointed to the [[President's Economic Recovery Advisory Board]] in 2009<ref>{{cite news|url= http://latimesblogs.latimes.com/money_co/2009/02/economic-recove.html |title=Los Angeles Times article Who's Who on new economic advisory board|website=[[Los Angeles Times]]|access-date=February 5, 2009 | date=February 6, 2009}}</ref> and appointed chairman in 2011.<ref>{{cite news|last=Goldman|first=Juliana and Rachel Layne|title=Obama Taps Immelt to Head Panel in Bid to Boost Jobs|url=https://www.bloomberg.com/news/articles/2011-01-21/obama-taps-ge-s-immelt-for-economy-panel-replace-volcker|access-date=February 25, 2012|website=Bloomberg.com}}</ref> The council met four times, ending on January 17, 2012.<ref>{{cite web|url=https://www.politico.com/blogs/under-the-radar/2013/01/obama-jobs-council-hits-1-year-without-official-meeting-154524|title=Obama Jobs Council hits 1 year without official meeting|publisher=Politico|author=JOSH GERSTEIN|date=18 Jan 2013|access-date=March 10, 2014}}</ref>

==Honors==
Jeff Immelt has earned significant honors throughout his career, beginning with his graduation from Dartmouth ''cum laude'' and earning the Earl Hamilton Varsity Award, as a college football player, for friendship and character. Later in 2002, he received the Robert Fletcher Award from Dartmouth's Thayer School of Engineering.<ref name="Board of Trustees"/>

===Career honors===
Barron's has named Immelt one of the "World's Best CEOs" three times;<ref>{{cite web|url=http://www.ge.com/about-us/leadership/jeff-immelt|title=Jeff Immelt, CEO|url-status=dead|archive-url=https://web.archive.org/web/20151119060256/http://www.ge.com/about-us/leadership/jeff-immelt|archive-date=2015-11-19}}</ref> other outlets have criticized his performance.<ref>{{cite web|url=http://www.ge.com/about-us/leadership/jeff-immelt|title=Jeff Immelt 'destroyed' General Electric: Ken Langone}}</ref><ref>{{cite web|url=https://www.cnn.com/2021/01/07/business/ge-jeff-immelt-claw-back/index.html|title=GE won't claw back former CEO Jeff Immelt's pay after private jet scandal|website=[[CNN]] |date=7 January 2021 }}</ref><ref>{{cite web|url=https://www.forbes.com/sites/adamhartung/2012/05/12/oops-5-ceos-that-should-have-already-been-fired-cisco-ge-walmart-sears-microsoft/?sh=74df234e27c0|title=Oops! Five CEOs Who Should Have Already Been Fired (Cisco, GE, WalMart, Sears, Microsoft)|website=[[Forbes]] }}</ref> He is a member of The American Academy of Arts & Sciences.<ref>{{cite web|url=https://www.amacad.org/multimedia/pdfs/alphalist.pdf|title=Membership Alphabetical Listing|website=Ge.com|access-date=2015-12-03}}</ref> The Financial Times named him "Man of the Year" in 2003.<ref name="Jeffrey R. Immelt"/> Immelt was named to [[Time (magazine)|''Time'' magazine]]'s 100 most influential people in the world in 2009.<ref>{{cite magazine| url=http://www.time.com/time/time100/ | archive-url=https://web.archive.org/web/20000815221644/http://www.time.com/time/time100/ | url-status=dead | archive-date=August 15, 2000 | magazine=Time | title=The 2010 Time 100 | access-date=May 6, 2010}}</ref>

In 2009, Immelt won the Oslo [[Business for Peace Foundation|Business for Peace]] Award, an award chosen by winners of the [[Nobel Prize|Nobel Prizes]] in [[Nobel Economics Prize|Economics]] and [[Nobel Peace Prize|Peace]] and given to managerial executives in the private sector who have demonstrated transformative and positive change through ethical business practices.<ref>{{Cite web|url=https://businessforpeace.org/past-honourees/|title=Past Honourees|access-date=2020-04-08|archive-date=2020-08-02|archive-url=https://web.archive.org/web/20200802040027/https://businessforpeace.org/past-honourees/|url-status=dead}}</ref>

Immelt was awarded the 2014 American Football Coaches Association Tuss McLaughry Award, given to a distinguished American (or Americans) for the highest distinction in service to others.<ref>{{cite web|url=http://www.afca.com/article/article.php?id=TussAward|title=Tuss McLaughry Award|website=Afca.com|access-date=2015-12-03|url-status=dead|archive-url=https://web.archive.org/web/20151107112702/http://afca.com/article/article.php?id=TussAward|archive-date=2015-11-07}}</ref> In accepting the award, he said "I am a product of football and I owe a great debt of gratitude to that system. What I learned playing football enters my life every day."<ref>{{cite web|url=http://www.afca.com/article/article.php?id=2428|title=Jeffrey Immelt to Receive 2014 Tuss McLaughry Award|website=Afca.com|access-date=2015-12-03|url-status=dead|archive-url=https://web.archive.org/web/20151208110222/http://www.afca.com/article/article.php?id=2428|archive-date=2015-12-08}}</ref>

In April 2015, Immelt won the 20th edition of the Leonardo International Prize "as a foreigner who reinforced his country's cultural and economic ties with Italy."<ref>{{cite web|url=http://wwd.com/fashion-news/fashion-scoops/nerio-alessandri-jeffrey-immelt-leonardo-prizes-10118144/|title=Nerio Alessandri, Jeffrey Immelt Honored at Leonardo Prizes|website=Wwd.com|date=28 April 2015|access-date=2015-12-03}}</ref>

On 24 December 2015, Immelt was ranked by the British online business blog and magazine Richtopia at number 50 in the list of 500 Most Influential CEOs.<ref>{{cite web|url=http://richtopia.com/inspirational-people/500-ceos|title=Top 500 CEOs: From Tim Cook to Justine Roberts, These Are the Most Influential CEOs in the World|work=Richtopia|access-date=29 January 2016|archive-date=8 March 2021|archive-url=https://web.archive.org/web/20210308084949/https://richtopia.com/inspirational-people/500-ceos/|url-status=dead}}</ref>

In 2017, Immelt was honored with an [[Edison Awards|Edison Achievement Award]] for his commitment to innovation throughout his executive managerial career.{{Citation needed|date=January 2021}}

==Personal life==
Immelt is married to his wife Andrea and they have one daughter, Sarah.<ref>{{cite web|url=http://www.nndb.com/people/616/000125241/|title=Jeffrey R. Immelt|website=Nndb.com|access-date=2015-12-03}}</ref> The two met as colleagues in General Electric.<ref name=":2" />{{Rp|page=26}} They lived in [[New Canaan, Connecticut]], until 2015.<ref>[https://patch.com/connecticut/newcanaan/amp/27076016/ge-ceo-jeff-immelt-sells-new-canaan-mansion-report "GE CEO Jeff Immelt Sells New Canaan Mansion: Report] {{Webarchive|url=https://web.archive.org/web/20171024153502/https://patch.com/connecticut/newcanaan/amp/27076016/ge-ceo-jeff-immelt-sells-new-canaan-mansion-report |date=October 24, 2017 }}," ''Patch'', May 11, 2017.</ref> They then purchased a home in Boston.<ref>Madeline Billis, [http://www.bostonmagazine.com/property/blog/2016/05/06/general-electric-ceo-house-boston/ "General Electric’s CEO Bought a Home in Boston"] {{Webarchive|url=https://web.archive.org/web/20171009145451/http://www.bostonmagazine.com/property/blog/2016/05/06/general-electric-ceo-house-boston/ |date=October 9, 2017 }}, ''[[Boston (magazine)|Boston]]'', May 6, 2016.</ref>

==References==
{{Reflist|colwidth=30em}}

==Further reading==
{{Commons category|Jeffrey R. Immelt}}
* David Magee, 2009, ''Jeff Immelt and the New GE Way: Innovation, Transformation, and Winning in the 21st Century'', McGraw-Hill Professional. {{ISBN|978-0-07-160587-8}}
* [https://web.archive.org/web/20090511181901/http://www.businessweek.com/magazine/content/05_13/b3926088_mz056.htm ''The Immelt Revolution,  businessweek, 2005'']

==External links==
* [https://web.archive.org/web/20100102203402/http://www.ge.com/company/leadership/ceo.html General Electric], Executive Bio and Photo
* [https://web.archive.org/web/20110726231107/http://www.gehealthcare.com/promo/immelt/ September 2009 speech by Immelt regarding GE Healthcare]
* [http://news.bbc.co.uk/2/hi/business/8168078.stm Leading Questions: GE's Jeff Immelt], Interview with BBC Business
* {{C-SPAN|1014444}}

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{{s-bef|before=[[Jack Welch]]}}
{{s-ttl|title=Chairman and Chief Executive Officer of [[General Electric]]|years=2001–2017}}
{{s-aft|after=[[John L. Flannery]]}}
|-
{{s-off}}
{{s-bef|before=[[Paul Volcker]]|as=Chair of the President's Economic Recovery Advisory Board}}
{{s-ttl|title=Chair of the [[President's Council on Jobs and Competitiveness]]|years=2011–2013}}
{{s-non|reason=Position abolished}}
{{s-end}}

{{General Electric}}
{{NBCUniversal}}
{{CEOs of General Electric}}
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{{DEFAULTSORT:Immelt, Jeffrey}}
[[Category:1956 births]]
[[Category:Living people]]
[[Category:21st-century American businesspeople]]
[[Category:American chief executives in the manufacturing industry]]
[[Category:American businesspeople in manufacturing]]
[[Category:American philanthropists]]
[[Category:Businesspeople from Cincinnati]]
[[Category:Dartmouth Big Green football players]]
[[Category:General Electric chief executive officers]]
[[Category:Harvard Business School alumni]]
[[Category:Obama administration personnel]]
[[Category:Procter & Gamble people]]