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Jeffrey R. Immelt

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FILE - In this Tuesday April 8, 2008, file photo, salesman Hank Pham puts the price on a General Electric microwave oven in the appliances section of Howard's Appliance and Big-Screen Superstore in San Gabriel, Calif. General Electric announced Monday, June 12, 2017, that Jeff Immelt is stepping down after 16 years as CEO of the iconic conglomerate. Immelt took the helm in 2001 from legendary CEO Jack Welsh. After the financial crisis, he sharply pared down the financial services business that Welsh had built up and went on a spending spree to acquire businesses in the power and oil and gas sectors. During his tenure Immelt also disposed of GE’s appliance unit and the NBC television business. (AP Photo/Kevork Djansezian, File)

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**FILE** Jeff Immelt, chairman and CEO of General Electric, takes questions during a news conference in New York on March 11, 2013. (Associated Press)

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** FILE ** General Electric's Jeffrey Immelt looks on as President Obama speaks at a round-table discussion with business leaders in Mumbai, India, on Nov. 6, 2010. Mr. Obama is restructuring his economic advisory board and naming Mr. Immelt as it new head. (AP Photo/Charles Dharapak)

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President Obama, accompanied by GE CEO Jeffrey Immelt, left, and Plant Manager Kevin Sharkey gestures while touring a GE plant in Schenectady, N.Y., Friday, Jan. 21, 2011. (AP Photo/J. Scott Applewhite)

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** FILE ** General Electric's Jeffrey Immelt looks on as President Obama speaks at a round-table discussion with business leaders in Mumbai, India, on Nov. 6, 2010. Mr. Obama is restructuring his economic advisory board and naming Mr. Immelt as it new head. (AP Photo/Charles Dharapak)