No matter how you feel about his tenure leading the industrial conglomerate, former GE CEO Jeff Immelt helped shape medtech by filling the industry’s corner offices with former employees.
The right leader at the right company, at the right time, can have an effect that last decades – not only through their own actions but through those they’ve trained and the industry they’ve affected.
Last summer, GE’s corner office passed from 16-year veteran Jeff Immelt to former GE Healthcare head John Flannery, ending an era that saw drastic changes at the massive conglomerate and helped spawn a generation of leading executives in the medical device industry.
“There’s a great alumni in medtech,” Abiomed CEO Mike Minogue told Medical Design & Outsourcing last year. “Folks joke that there’s a secret GE handshake.”
Good or bad — GE shares are off more than 50% since late 2016 — Immelt’s nearly 20-year tenure at GE had a lasting effect on the medtech industry.