GE Names John Flannery Head of Business Development

Pam Daley to retire after decade of growth-focused change

FAIRFIELD, Conn.--(BUSINESS WIRE)--GE (NYSE: GE) – General Electric Company Chairman and CEO Jeff Immelt today announced the appointment of John Flannery as senior vice president for corporate business development. Flannery will succeed Pamela Daley, who is retiring after 24 years with GE. The appointment is effective April 1.

Flannery, 51, has been president and CEO of GE India since 2009, building a strong local team and growing GE revenues and influence. He is a 25-year GE veteran. He will lead GE’s business development team, which is responsible for GE’s mergers, acquisitions, and divestiture activities worldwide.

Immelt said, “In India and in his previous roles in GE Capital, John worked across the company to identify new opportunities for growth. He’ll do the same in business development, guiding a strong team that will benefit from his leadership and analytical skills as well as his deep understanding of GE and global markets.”

Prior to leading GE India, Flannery led GE Capital across Asia, overseeing all of GE’s financial services businesses, and held a number of other sales leadership and finance roles in GE Capital. He earned a bachelor’s degree in finance from Fairfield University and a master’s degree in finance from the University of Pennsylvania.

Flannery will be succeeded as president and CEO of GE India by Banmali Agrawala, who has led GE’s energy businesses in India and will continue to do so in addition to his India CEO role.

Daley led GE’s business development team during a decade when GE reshaped its portfolio to focus on high-growth businesses.

Immelt said, “Pam provided strong advice and direction on some of the largest and most important acquisitions in GE history, including valuable additions to our healthcare, aviation and energy businesses. She also helped oversee major dispositions of insurance, plastics and NBC Universal and other businesses. On every deal, Pam provided clear and expert analysis, and her wide credibility served us well with external partners.”

Daley will serve as a special advisor to GE through 2013.

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