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Jeffrey Immelt: GE's Competitive Advantage, Love Of The Company And Thousands Of Ideas

Jeffrey Immelt: GE's Competitive Advantage, Love Of The Company And Thousands Of Ideas

Jeffrey Immelt, just like his predecessor Jack Welch, has changed General Electric Company (NYSE: GE) significantly and put his stamp on the company. With GE deciding to sell off its financial services arm GE Capital, Immelt was on CNBC recently to talk about his satisfaction regarding what he has been able to do with GE.

Execution Is King

Immelt was asked if he is happy with what he has done with GE in his tenure as the CEO of the company. He replied, "I am. I love the company today; I love this high-tech infrastructure space where we think we have real competitive advantage.

"We have got great technology, global footprint, massive backlog in the installed base, a good structure for success. I think financing with GE CAS and Energy Finance also allows us [that competitive advantage]."

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He continued, "So, fundamentally, everything that we are in today, we are both competitively advantaged in and are good at. And I think in the world we live, with slow growth and volatility, [...] today is all 'execution is king' and people that are really deep in industries are going to win – [it] plays well to us."

Not Done Yet

On whether he is done and if this is the company and portfolio he wanted to create, Immelt said, "[The] mistake you could never make is to say you are done. The world changes; the day that I don't get up every morning with a thousand ideas of how to make the company better is the last day.

"I am not there. I actually see ways the company can be improved, but I love where the company is positioned right now. I really do."

Image Credit: Public Domain


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