GE Healthcare, based in Fairfield, Conn., is bringing GE veteran John Flannery on board as its new president and CEO in place of John Dineen, who has resigned.
The move is effective immediately, GE announced.
Like Dineen, Flannery has a long history with GE before making his move to healthcare. Most recently, he was the senior vice president of business development for GE. He led GE in a purchase of an energy and transmission business, a spin-off of its retail finance sector, and the sale of GE Appliances. Before that, was the president and CEO of GE India and a senior leader at GE Capital.
“With 27 years of experience across GE corporate, GGO and Capital, John has a track record of growing businesses with a special emphasis on global expansion,” GE Chairman and CEO Jeff Immelt, said in a statement. “He has a deep understanding of GE’s industrial businesses and strategy. He’s the right person to lead the next chapter at GE Healthcare.”
Dineen has been the head of GE Healthcare for seven years. He has been at GE for 28 years. According to GE, he is looking for opportunities outside of GE.
In previous months, GE Healthcare has lost revenue and market share in the electronic health record (EHR) segment, falling behind competitors like Epic Systems and Cerner. Recent research reports have them firmly behind Epic, Cerner, McKesson, and even the recently sold, Siemens in market share and one analyst of the company called on it to divest from healthcare