He addressed the undergraduate class of 2011 of the University of Maryland, Baltimore County on May 23, 2011, and received an honorary Doctor of Public Service degree despite controversy at the school over GE's corporate tax strategies. In some years he was granted stock options at $0, and in other years he was paid no bonus. Contribution Totals: Download all contribution records for this person from 1999 to present To a Spreadsheet or Other File Type: 2020 Transaction Count/Amount: 1/$2,800: 2018 Transaction Count/Amount: 0/$0: 2016 Transaction Count/Amount: He recently began a public campaign to press the state of Connecticut for local tax benefits and threatened to move some of GE's operations out of the state if the benefits were not forthcoming. Jeffrey Robert Immelt (born February 19, 1956) is an American business executive currently working as a venture partner at New Enterprise Associates. 3 records for Andrea Immelt. Locations + Private Residence. 8 in 2008 with charitable disbursements of $161.5million in a ranking published by Forbes. Jeffrey Robert Immelt (born February 19, 1956) is an American business executive currently working as a venture partner at New Enterprise Associates. It's been humbling. Healthcare leadership before being declared the Chief Executive Officer (CEO). I had to kind of retire. mark peterson | Corbis Historical | Getty Images, Jeff Immelt: I still believe in GE for the long term, How this 39-year-old earns $26,000 a year in California. But what I tell young leaders is to take a look at your company over a very long time period. View the profiles of people named Andrea Immelt. About 200 of the companys 800 workers at its Fairfield headquarters are making the move, Immelt included. [12], Immelt participated actively in mergers and acquisitions,[13][14] purchasing Amersham PLC for $9.5billion in 2004[15] and Alstom's power business for approximately 12.4 billion in 2015. Five CEOs Who Should Have Already Been Fired (Cisco, GE, WalMart, Sears, Microsoft)", "Jeffrey Immelt to Receive 2014 Tuss McLaughry Award", "Nerio Alessandri, Jeffrey Immelt Honored at Leonardo Prizes", "Top 500 CEOs: From Tim Cook to Justine Roberts, These Are the Most Influential CEOs in the World", "GE CEO Jeff Immelt Sells New Canaan Mansion: Report, "General Electrics CEO Bought a Home in Boston", September 2009 speech by Immelt regarding GE Healthcare, President's Council on Jobs and Competitiveness, https://en.wikipedia.org/w/index.php?title=Jeff_Immelt&oldid=1129584018, General Electric chief executive officers, Articles with unsourced statements from January 2021, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 26 December 2022, at 05:21. Immelt had a total five year compensation of $53.82million through 2011, an income which ranked sixth among executives employed by US-based conglomerates. Jeff Immelt got his MBA from Harvard Business School, after his graduation in 1982. Resides in Boston, MA. They then purchased a home in Boston. General Electric Co. CEO Jeff Immelt and his wife Andrea have closed on the purchase of their Back Bay triplex for $7.5 million, close to a half million dollars less than the $7.995 million asking . Orian Almog. I would call [former Walmart CEO] Lee Scott or [current Walmart CEO] Doug McMillian and say, 'Here's what I saw today.' The GE Foundation has been extolled as a leader in corporate charitable giving since Immelt became GE CEO, with special attention to its efforts to support schools in the US, over and above its university activities, and healthcare in poor countries. On this Wikipedia the language links are at the top of the page across from the article title. We have estimated Some nights that was at 2 a.m. and some nights it was at 7 p.m. In some years he was granted stock options at $0, and in other years he was paid no bonus. This is a carousel. The once-great company was drowning in debt, under fire from authorities and facing severe financial stress. Jeff Immelt has received various awards throughout his career. Jeff Immelt is a Famous American actor, who was born on Sunday, Feb 19, 1956 in Cincinnati, Ohio, U.S.. Find Jeff Immelt age, wife, net worth, weight, height, career, family, pics biography & more. Following his retirement from General Electric in 2017, Jeff had a whopping $85 million in pension repayment alone. He also holds an M.B.A. from Harvard University. He returned to Georgia Tech in the spring of 2007 as their commencement speaker. The current landline phone number for Sarah A Immelt is (203) 972-2680. in the year 1989 and later joined the Capital Board of G.E. How I Remade GE During his 16 years as CEO, Jeffrey Immelt led a team of 300,000 people through recessions, bubbles, and geopolitical risk and engineered a radical makeover of GE . Join Facebook to connect with Andrea Immelt and others you may know. Jeffrey Robert Immelt (born February 19, 1956) is an American business executive currently working as a venture partner at New Enterprise Associates. Sarah Immelt is known for Saturday Night Live (1975) and Saturday Night Live: Best of This Season (2014). All added to Immelts wealth, with his total five-year compensation being $53.82 million through 2011, which ranked him sixth among conglomerate executives in the USA. He has served on the board of the Robin Hood Foundation, a non-profit organization focused on preventing poverty in New York City, and on the board of Catalyst, a non-profit organization focused on advancing female entrepreneurs. Professional Career. [55], The GE Foundation has been praised for its charitable contributions under Immelt's leadership. There is a chance that the phone number (203) 822-1257 is shared by Sarah A Immelt , Jeffrey R King . A year after listing for sale their 705 West Road home in New Canaan, the Immelts had a buyer under contract as of Wednesday, according to a web page maintained by listing agent Houlihan Lawrence. Jeff Immelt is a family man and is married to, Andrea and both parents have sired a daughter named Sarah. More at IMDbPro. Required fields are marked *. When I was CEO, I would go to Walmart and shop to see how our lighting products were on the shelves. The race for the CEO slot that Jeff won started after Jack Welch asked Gary Wendt, to resign, following the theory that he would outshine other candidates of Welch. Some components of his total compensation package over the years have been newsworthy. Find Andrea Immelt's phone number, address, and email on Spokeo, the leading online directory for contact information. Charlie Rea likes: Other, Television, Music, Movies . Welch preferred internal, or "organic" growth and benefited from long-term US economic trends that buoyed his major business lines. After his graduation, he was hired in G.E. Built in 2000 and bought by the Immelts the following year when he was promoted to CEO of GE, the New Canaan house totals six bedrooms, six fireplaces and 11 bathrooms in 11,500 square feet of space on a 4-acre lot, with the driveway gated off from West Road. By November 2018, athenahealth entered into an agreement to be acquired by a private equity firm, in a cash-for-stock offer brokered by Immelt. Jeffery Immelt attends CONSERVATION INTERNATIONAL's 11th Annual Fundraising Gala in New York at American Museum of Natural History on June 12, 2008 in New York City. Updated. A senior CEO, just how wealthy is Jeffrey In the first quarter, 45 homes in New Canaan were sold as tracked by Berkshire Hathaway HomeServices New England Properties, 41 percent more than year ago. I would go home at 7 p.m. and I would go to bed because you never knew when you would get the next amount of sleep. Professional Career. More recently in mid-April, the town recorded the $5.5 million sale of a 13,500-square-foot manse at 712 Oeneke Ridge Road around the corner from the Country Club of New Canaan. GE's SEC Form 10K for 2014 states that worldwide employment is 305,000, and US employment is 136,000. And yet, I didn't want to quit. The phone number (203) 822-1257 belongs to Andrea. Greenwich firm buys Uno supermarket pizza, calzone lineup, Investment manager AllianceBernstein opens first offices in CT, Connecticut Magazine's 25 Most Romantic Restaurants in CT. Every year, Connecticut Magazine asks readers and experts for the state's best dining spots. Andrea Immelt Political Campaign Contributions 2014 Election Cycle. He graduated among the class of 1977 and was president of his fraternity, Phi Delta Alpha, and presently works on the Dartmouth board of trustees. Guests and menua at the White House dinner given by President and Mrs. Bush for Indian Prime Minister Manmohan Singh and Mrs. Gursharan Kaur, as released by the White House: Chilled Asparagus Soup Lemon Creme Chappellet . Built in 2000, the Immelt house has six bedrooms and nine baths, totaling nearly 11,500 square feet of space. 8:Ivy League Football and America (2008)as Himself, 60 Minutes (2011)as Himself (segment "The Jobs Czar"), Charlie Rose (2007-2015)as Himself - Guest / Himself, Your email address will not be published. The competition for the CEO position that Immelt won began when Jack Welch asked Gary Wendt, the head of GE Financial Services, Inc, then a $41billion empire and GE's most profitable division, to resign, on the theory that he would overshadow Welch's other candidates. By New Canaan standards, the property is only upper-tier, just missing the top 50 . Well, if youre ready, lets start. "[74], On 24 December 2015, Immelt was listed by UK-based company Richtopia at number 50 in the list of 500 Most Influential CEOs. On 24 December 2015, Immelt was listed by UK-based company Richtopia at number 50 in the list of 500 Most Influential CEO's. Immelt is married to his wife Andrea and they have one daughter, Sarah. Career, Awards & Nominations: Jeff Immelt has been working for General Electric since 1982 after earning his MBA from the Harvard Business School. Aside from being GEs Chairman and CEO, Immelt has also served as a member of the Board of the Federal Reserve Bank of New York as well as a member to the President Obamas Economic Recovery Advisory Board. Built in 2000, the Immelt house has six bedrooms and nine baths, totaling nearly 11,500 square feet of space. . Jack Welch, former chief executive of GE , paid about $6.4 million for his Beacon Court spread, just a few floors above Immelt's. Brian Williams, news anchor at General Electric-owned NBC, also . He held a number of increasingly senior positions in GE's plastics, appliances, and healthcare businesses. [54], Immelt has spoken about the benefits of football to his career. [77] They then purchased a home in Boston.[78]. In other words, GE is committed to diversity[because] it's the only way to do business right [GE is] committed to employing a diverse workforce with the most innovative minds in the world. But instead of taking his more than $200 million in retirement pay and laying low, Immelt wrote a book. Later in 2002, he received the Robert Fletcher Award from Dartmouth's Thayer School of Engineering. I didn't get a chance to spend as much time with my daughter as I would like. Jeff was born and raised in Cincinnati by his parents Donna Rosemary who was a teacher, and his father, Joseph Francis Immelt, was a manager at the General Electric Aircraft Engines Division. It is notable that two other GE CEOs, Reginald Jones and Jack Welch, also served in this capacity. Discover today's celebrity birthdays and explore famous people who share your birthday. Jeff Immelt. View Details. Andrea Immelt lives in Johns Island, SC; previous cities include Palo Alto CA and Boston MA. [53] He has also served Dartmouth on its Alumni Council and as a class officer. General Electric year end employment has varied from 273,000 in 2010 to 305,000 in 2014, a net increase of 37,000. 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. Being born on February 19, 1956, Jeff Immelt is 67 years old as of todays date [current date]. @generalelectric. Immelt first served as President and Chairman-elect for ten months before assuming the position of Chairman and Chief Executive Officer on September 7, 2001. Jeffrey Robert Immelt (born February 19, 1956) is an American business executive currently working as a venture partner at New Enterprise Associates. This page displays a list of people whose family names is IMMELT. Find Jeffrey Immelt's contact information, phone numbers, home addresses, age, background check, white pages, publications, places of employment, business records, social media profiles, photos and videos, news, public records, resumes and CV and arrest records . [7], During his years at Dartmouth he worked summers on a Ford assembly line in Cincinnati; after graduating he worked for Procter & Gamble. It plans to sell its real estate business for $26.5billion, sell most of its GE Capital assets which now total $500billion, and repatriate nearly $36billion in cash held overseas to fund while the board also authorized a share buyback program using up to $50billion. All Rights Reserved. He also received The Financial Times Award, Man of the Year, back in the year 2003. Retracing the path of controversial Project Veritas founder James O'Keefe includes many stops in Connecticut. Perfection is impossible today. Jeff Immelt admits his 16-year run as CEO at General Electric was at best "controversial" after he left the storied company in 2017 drowning in debt with a crumbling stock value. He underscored the riskiness of an acquisition-based growth strategy in 2011 when he said, "You can't do a lot of deals, and have them all be great." Andrea Immelt. [75], In 2017, Immelt was honored with an Edison Achievement Award for his commitment to innovation throughout his career. The good days are really good and the things that we had a chance to do and work on, like globalizing the company or launching products or developing people, that's extremely rewarding. And more importantly, should tuition go toward supporting bars around the XL Center? Andrea has been found in 4 states including California, South Carolina, Massachusetts, Illinois. in his new book "Hot Seat". Immelt was selected by the GE Board in November, 2000, to succeed Welch as CEO of GE; he served as GE's president and chairman-elect for ten months before taking the position of chairman and CEO of GE on September 7, 2001. These employment levels have varied significantly under Immelt. In 2014 GE agreed to sell its appliance business for $3.3billion In 2013 Immelt completed the sale of NBC Universal to Comcast for $8billion. Jeff Immelt went to Finneytown High School and used to play football in college, playing as an offensive tackle. and worked as the president and chairman-elect of G.E. Jeff Immelt took on the G.E. Very early on after 9/11, I should have taken a much more long-term and holistic look at [GE], and done it from a standpoint of caution. The entrance to 705 West Road in New Canaan, Conn., the home of General Electric CEO Jeff Immelt. [1] He previously served as the CEO of General Electric from 2001 to 2017, and the CEO of GE's Medical Systems division from 1997 to 2000. Jeff became the office of G.E. They live in Connecticut. The Immelt Family Scholarship. Once the acquisition was completed, company was no longer publicly traded and Immelt stepped down. [34] In 2009, Immelt earned a total compensation of $5,487,155. Personal Life. When a board member privately told Immelt that he had no chance of winning the job, Immelt pulled out just before the board was to begin deliberations. [32], Immelt's compensation has fluctuated significantly. [56][57], Immelt has returned to his hometown High School, Finneytown, to contribute to the Finneytown Schools Education Foundation. He was president of his fraternity, Phi Delta Alpha. But earlier this week GE announced that 500 to 600 employees, or most everyone who is not going to Boston, could be headed for the companys former GE Capital headquarters in Norwalk. Immelt was about to face a more daunting challenge called 'tomorrow.' . This is a carousel. Jeff outshined Robert Nardelli, a close associate to Welch, having a nickname, Little Jack. Jeff was chosen by the Board of G.E. American business executive Jeffrey Immelt has an estimated net worth of $600 million and an annual salary of $22 million. IMDbPro Starmeter. [76] They lived in New Canaan, Connecticut, until 2015. The two six-story buildings total about 110,000 square feet of space. [citation needed], Immelt is married to his wife Andrea and they have one daughter, Sarah. Barron's has named Immelt one of the "World's Best CEOs" three times. On February 26, 2002, shortly after becoming GE's chairman and CEO, Immelt gave a Town Hall speech at Georgia Institute of Technology as a guest of their president. Jack Welch (L) and Jeffrey Immelt (R) attend a press conference in New York City in 2000 on the day Immelt was announced as successor to Welch. , money, salary, income, and assets. Career Details He is from United States. View popular celebrities life details, birth signs and real ages. The council met a total of four times, with its final meeting on January 17, 2012. July 5, 1956 is the birth date of Andrea. GE went public with its plans to look for a new corporate home following tax increases passed in the 2015 Connecticut legislative session. Despite the G.E.s economic recession chaos, it is because of Jeff Immelt and his excellent leadership that G.E. He was elected a Charter Trustee of his alma mater, Dartmouth, in 2008 and as of 2015 continues in that role. 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.". The address on file for this person is 36 Ocean Course Drive, Kiawah Island, SC 29455 in Charleston County. They lived in New Canaan, Connecticut until 2015. [30] In 2015, GE announced a repatriation program for part of its cash balances. The charitable interpretation is that Mr. Immelt was dealt an impossible hand . "I know that there will be more criticism coming with the book as we relive it," Immelt says. Jeffrey Immelt, chairman and CEO, General Electric Co., and Andrea Immelt Rep. Bobby Jindal (R-La. ) Andrea Immelt is 66 years old and was born on 07/05/1956. After the United States fiscal crisis of 20082009, Immelt reduced GE's dividends to conserve capital and internal funding, causing a negative reaction among some dividend-oriented investors. Jeffrey Robert Immelt (born February 19, 1956) is an American business executive currently working as a venture partner at New Enterprise Associates. He arrived at the division just as it began a recall of millions of refrigerators due to . "Hot Seat: What I Learned Leading a Great American Company," available Tuesday, details his mistakes running GE. Jeff Immelt's net worth On June 6, 2018, Immelt was named executive chairman of athenahealth. [45][46][47], Immelt became a board member of Tuya Smart in September 2019. Jeffrey Robert Immelt was born on 19 February 1956, in Cincinnati, Ohio USA, to Donna Rosemary, a school teacher, and Joseph Immelt, the manager of General Electric Aircraft Engines Division. Lived In New Canaan CT, Johns Island SC, . Their purchase of an apartment in New York was featured in a Forbes article. TopicID: 21322 Andrea Immelt ♀ 100 N Park Lane Hampton Virginia Map United States Leave message Background check 2011 . for ten months before becoming the CEO and Chairman of G.E. Andrea Allen Immelt, 66. I have a unique perspective on appreciating good days having been through some bad ones. The impact of the terrorist attacks battered several of GE's businesses, causing shares to plunge 20%, Immelt writes in "Hot Seat." Obama has reported that Immelt has emerged as one of his top economic advisors in regards to trying to rebuild America's economy. Don't do it every day. During his tenure as GEs CEO, the companys GE Foundation became the leading foundation in corporate charitable activities. He and his wife, Andrea Allen, and their daughter reside inConnecticut. [41], Immelt was initially a top candidate to become CEO of Uber, replacing founder Travis Kalanick. It was an honor to lead, and I will always feel that way. Immelt had previously referred to China as GE's "second home market". He obtained his MBA from Harvard Business School, graduating in 1982. What I learned playing football enters my life every day. Back at college, he was an avid football player and the president of fraternity Phi Delta Alpha. Welch had been the leader of GE's plastics business before being named its overall CEO. All Filters. And more importantly, should tuition go toward supporting bars around the XL Center? Jeffrey R. Immelt is the ninth chairman of GE, a post he has held since September 7, 2001. Jeff Immelt also makes extra cash by making public appearances and monetizing himself on social media platforms. He started working there on September 10, He is married to Andrea Immelt and has a daughter; all these factors indicate that he is not gay but a straight guy. [72] In accepting the award, he said "I am a product of football and I owe a great debt of gratitude to that system. 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That 2013 compensation had risen 20% over his 2012 compensation of $20.6million. The year after his departure, GE wasdroppedfrom the Dow Jones Industrial Average. [39], On June 12, 2017, GE announced that Immelt would retire as CEO and would be replaced by John L. [25] GE restated its earnings in 2005[26] and agreed to pay the SEC $50million to settle allegations of accounting fraud in 2009. He is a member of famous with the age 66 years old group. 1 of 5 The home of General Electric CEO Jeff Immelt and wife Andrea at 705 West Road in New Canaan. She is survived by her loving husband of 58 years, Richard M. Allen; a son, Bradford M. Allen and his wife Betsy of Peoria, AZ; a daughter, Andrea Immelt and her husband Jeff of New Canaan, CT; a brother, Frederick Hoffman and his wife Miriam of Sun City Center, FL; two grandchildren, Sarah Immelt and Jessica Allen. She is currently living and working in NYC for a popular NBC TV show. As such, GE is a member of a controversial group of American companies experiencing "trapped cash" thought to exceed $1.7trillion across this group of corporations. The new headquarters will include a combination of two historic buildings, which will be renovated, and an adjoining parking lot, where GE will construct a new building. Jeff Immelt got his MBA from Harvard Business School, after his graduation in 1982. He has served as a class officer and Charter Trustee of Dartmouth College, and has been involved in the colleges Alumni Council. Alexander Soule / Hearst Connecticut Media. Patrick McMullan | Patrick McMullan | Getty Images. Join Jeff when he addresses the #econclub on April 20: bit.ly/3sl3bnR. Andrea Immelt: 18575 Saint Andrews Ln UNIT A, Brookfield, WI 53045: Andrea Immelt Social Media Profiles. GE could not escape the 2008 crisis that was fueled by the mortgage-backed securities debacle on Wall Street and the liquidity crisis that brought the derivatives market to its knees. 36 Commonwealth Avenue, Boston. @barronsonline. I do think history might have been different if I had done that. He and his wife Andrea, have one daughter. Andrea Immelt. In May 2013, he delivered the commencement address at the University of Connecticut Graduate School, and was awarded an honorary Doctor of Humane Letters. The New York Times reported that Obama's appointment of Immelt was "another strong signal that he intends to make the White House more business-friendly." A chance that the phone number ( 203 ) 822-1257 is shared by Sarah a Immelt, Jeffrey King... Course Drive, Kiawah Island, SC 29455 in Charleston County Smart in September 2019 of its cash.... As I would like GE 's SEC Form 10K for 2014 states that employment., Jeffrey R King yet, I did n't get a chance that the phone number ( ). 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