Company Update (NYSE:GE): General Electric Company Appoints Four New Company Officers

General Electric Company (NYSE:GE) announced the appointment of four new Company officers. Effective April 4, 2016, GE will have 190 officers globally who lead large revenue-generating businesses or are in critical technology or functional roles, helping to drive growth.

Azeez Mohammed, 44, has been appointed vice president for the Middle East and Africa region of Power Services for GE Power. Mohammed joined GE in 1998 and has held a series of leadership roles in GE Power, including general manager positions in the Latin America and the Saudi & Gulf regions. He holds a bachelor’s degree from the Indian Institute of Technology, Madras, IN and both a master’s and doctorate degree from the University of Illinois at Urbana, Champaign, IL, all in mechanical engineering. Mohammed is also a graduate of GE’s Corporate Audit Staff.

Charles Koontz, 54, joins GE as vice president and chief digital officer for GE Healthcare. Before joining GE, Koontz served as the vice president and general manager of healthcare at Computer Sciences Corporation. He’s held a number of leadership roles throughout his career, including executive vice president and partner at Booz Allen Hamilton, group president for the Information Technology & Network Solutions Group at Science Applications International Corporation, and president for Telecommunications, Media & Networks at Capgemini. Koontz holds a bachelor’s degree in industrial and systems engineering from Ohio State University.

Laura O’Donnell, 44, has been appointed vice president and general counsel for GE Healthcare. O’Donnell joined GE in 2009 and has held a series of leadership roles in GE Healthcare including general counsel for Global Services & Privacy and chief compliance counsel. Prior to GE, she served as chief compliance officer at Zimmer Holdings USA and was a partner at Faegre, Baker & Daniels. O’Donnell holds a bachelor’s degree in political theory from Michigan State University and a Juris Doctor from Indiana University-Bloomington.

Scott Phillips, 49, joins GE as vice president of mining for GE Transportation. Before joining GE, Phillips served as president of global equipment at Sandvik Mining in the Netherlands and as an executive director for Freeman Financial Corporation Ltd. He also served as the chairman of the board for Signal Capital Group, Ltd. and held a number of leadership roles at Caterpillar, Inc. Phillips holds a bachelor’s degree in industrial technology from Southern Illinois University College of Engineering, Carbondale, IL and a master’s degree in business administration from Illinois State University, Normal, IL. (Original Source)

Shares of General Electric are currently trading at $31.19, up $0.10 or 0.32%. GE has a 1-year high of $31.49 and a 1-year low of $19.37. The stock’s 50-day moving average is $29.33 and its 200-day moving average is $28.52.

On the ratings front, GE has been the subject of a number of recent research reports. In a report issued on March 15, UBS analyst Shannon O’Callaghan reiterated a Buy rating on GE, with a price target of $32, which represents a slight upside potential from current levels. Separately, on January 26, Oppenheimer’s Christopher Glynn reiterated a Hold rating on the stock .

According to, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Shannon O’Callaghan and Christopher Glynn have a total average return of 16.5% and 15.2% respectively. O’Callaghan has a success rate of 81.2% and is ranked #62 out of 3757 analysts, while Glynn has a success rate of 73.3% and is ranked #1.

Overall, 3 research analysts have assigned a Hold rating and 8 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $31.83 which is 2.7% above where the stock opened today.


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