Arab Today, arab today us industrial giant ge launches digital division
Last Updated : GMT 09:09:51
Arab Today, arab today
Arab Today, arab today

US industrial giant GE launches digital division

Arab Today, arab today

Arab Today, arab today US industrial giant GE launches digital division

General Electric launched a digital division that it hopes will propel the US
New York - AFP

General Electric launched a digital division Monday that it hopes will propel the US industrial conglomerate into the top ranks of the software industry.

As the company sheds financial assets to focus on its core industrial businesses, from making aircraft engines and home appliances to equipment for power grids, GE said it was "building the playbook for the new digital industrial world."

The new GE Digital, harnessing all of its digital capabilities, will be led by chief digital officer Bill Ruh, GE's software chief.

"As GE transforms itself to become the world's premier digital industrial company, this will provide GE's customers with the best industrial solutions and the software needed to solve real world problems," said Jeffrey Immelt, GE chairman and chief executive, in a statement.

Immelt forecast the move will increase GE's software and analytics business from $6 billion in 2015 "to a top 10 software company by 2020."

The Fairfield, Connecticut-based global industrial giant has been shedding financial businesses as it aims to divest $100 billion in assets by the end of 2015. With the sale last week of GE Capital's transportation finance unit to Canada's BMO Financial Group, the company said it had racked up about $85 billion in sales so far this year.

As part of GE's refocus on its industrial strength, Immelt engineered the purchase of French firm Alstom's energy assets. The deal cleared the final antitrust regulatory hurdles on September 8 in the European Union and the United States.

Also Monday, GE announced several leadership changes. Mark Begor, the head of GE Energy Management, credited with paving the way for growth from the Alstom acquisition, is retiring after 35 years with the company, it said.

Begor will be succeeded by Russell Stokes, 44, an 18-year GE veteran who most recently led the transportation business.

Taking Stokes's place as president and CEO of transportation will be Jamie Miller, 47, senior vice president and chief information officer. GE said she drove the company's digital transformation through global IT strategy, services and operations.

"All of our business leaders will be critical to our success as a digital industrial company and will help lead us through this generational change for GE," said Immelt.

Shares in Dow member GE were down 1.0 percent at $24.70 in afternoon trade on the New York Stock Exchange.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us industrial giant ge launches digital division Arab Today, arab today us industrial giant ge launches digital division

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us industrial giant ge launches digital division Arab Today, arab today us industrial giant ge launches digital division

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Prayers turn to nightmare

GMT 06:14 2017 Sunday ,22 October

Prayers turn to nightmare
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday