Find Andrea Immelt's phone number, address, and email on Spokeo, the leading online directory for contact information. Andrea Immelt Political Campaign Contributions 2014 Election Cycle. Locations + Private Residence. in applied mathematics and economics cum laude[6] from Dartmouth College in 1978. Use Next and Previous buttons to navigate. Boston, MA (1) Lenox, MA (1) Pittsfield, MA (1) Refine Your Search Results. Four days after Immelt became CEO,[11] the September 11 attacks took place which cost GE's insurance business $600million, killed two employees and directly affected the company's Aircraft Engines sector. Caroline Maglathlin. He joined Eric Sellman, Vice President of Civil at Mortenson, in the role. Alex.Soule@scni.com; 203-354-1047; www.twitter.com/casoulman, GEs Immelt has buyer for New Canaan home, Investment manager AllianceBernstein opens first offices in CT, CT saw a record-high in housing permits issued in January, Connecticut Magazine's 25 Most Romantic Restaurants in CT. Every year, Connecticut Magazine asks readers and experts for the state's best dining spots. Aid received from the Federal Reserve by GE became a political issue in the 2016 presidential campaign. On February 26, 2002, shortly after becoming GE's chairman and CEO, Immelt gave a Town Hall speech at Georgia Institute of Technology as a guest of their president. Alex.Soule@scni.com; 203-964-2236; www.twitter.com/casoulman, GE CEO Immelt's home hits market for $5.5M. Jeff Immelt got his MBA from Harvard Business School, after his graduation in 1982. In his personal life, Immalet has been married to Andrea, a GE customer-service representative, since 1986. Join Jeff when he addresses the #econclub on April 20: bit.ly/3sl3bnR. And yet, I didn't want to quit. In May 2013, he delivered the commencement address at the University of Connecticut Graduate School, and was awarded an honorary Doctor of Humane Letters. Still, the loss of those 200-plus employees will affect the real estate market, though experts said the impact was likely to be short-lived, with the regions accessibility to New York remaining a major selling point. In 1983, while living in Dallas, Texas, Immelt met Andrea Allen, a GE customer service representative. In 2014 his compensation totalled $18.8million, a decrease from his 2013 compensation of $25.8million. On 24 December 2015, Immelt was listed by UK-based company Richtopia at number 50 in the list of 500 Most Influential CEO's. Immelt is married to his wife Andrea and they have one daughter, Sarah. All added to Immelts wealth, with his total five-year compensation being $53.82 million through 2011, which ranked him sixth among conglomerate executives in the USA. He didn't seem to understand the nature of Uber's business; one director called his presentation "a bad joke." This story is part of the Behind the Desk series, where CNBC Make It gets personal with successful business executives to find out everything from how they got to where they are to what makes them get out of bed in the morning to their daily routines. The year after his . In 2001 Immelt became the companys Chairman and CEO, replacing Jack Welch who was considered as one of the worlds most prominent corporate leaders, and who had made GE one of the most admired companies in the country. New Canaan. In 2015 he delivered the commencement address at Siena College where he was also awarded the honorary Doctor of Humanities. The organization is devoted to addressing poverty issues in New York City. During the US Presidential election of 2012, GE came under attack for not paying US federal taxes while receiving substantial federal tax benefits. [42]:313,318 However, Immelt's presentation before the board was poorly received; one director called it "a bad joke," and even Kalanick soured on him. He has also served Dartmouth on its Alumni Council and as a class officer. The most recent tenant is Jeffrey Immelt. [55], The GE Foundation has been praised for its charitable contributions under Immelt's leadership. in Applied Mathematics and Economics cum laude from Dartmouth College graduating with the class of 1978; he was president of his fraternity, Phi Delta Alpha, and currently serves on the Dartmouth board of trustees. in 1997. [70], In 2009, Immelt won the Oslo Business for Peace Award, an award chosen by winners of theNobel PrizesinEconomicsandPeaceand given to leaders in the private sector who have demonstrated transformative and positive change through ethical business practices. [69] The Financial Times named him "Man of the Year" in 2003. In recognition of his lifetime of exemplary achievement . He was initially Kalanick's favorite for the post, in part because he was still open to Kalanick still having a significant role. Add or change photo on IMDbPro. He became a GE officer in 1989, joined the GE Capital board in 1997[10] and took on the leadership of GE Healthcare[citation needed] before being named CEO in 2001. 2 comments. 5. Jeff Immelt is a family man and is married to, Andrea and both parents have sired a daughter named Sarah. I do think history might have been different if I had done that. General Electric CEO Jeff Immelt attends a ground-breaking ceremony for GE's new headquarters, Monday, May 8, 2017, in Boston. He is married to Andrea Immelt and has a daughter; all these factors indicate that he is not gay but a straight guy. "Hot Seat: What I Learned Leading a Great American Company," available Tuesday, details his mistakes running GE. Andrea Allen Immelt (age 66) is listed at 705 West Road New Canaan, Ct 06840 and has no political party affiliation. This abandoned high school was converted into a 31-unit apartment building, Hot Seat: What I Learned Leading a Great American Company. He covers the state economy and other business news as well as penning a monthly column on personal finance for Connecticut Magazine. [32], Immelt's compensation has fluctuated significantly. The couple married in 1986, and the following year their daughter, Sarah, was born, since which time Andrea has been a full-time homemaker. [3][4], Immelt attended Finneytown High School; he played football in college and was an offensive tackle. [63] The council met four times, ending on January 17, 2012. On file we have 7 email addresses and 5 phone numbers associated with Andrea in area codes such as 203, 617, 650, 513, 408, and 2 other area codes. Being born on February 19, 1956, Jeff Immelt is 67 years old as of todays date [current date]. Jeffery Immelt attends CONSERVATION INTERNATIONAL's 11th Annual Fundraising Gala in New York at American Museum of Natural History on June 12, 2008 in New York City. They have one child together, and the family resides in Connecticut. Under Immelt, GE frequently appears in lists of notably charitable US corporations; for example, GE was pictured No. The council met a total of four times, with its final meeting on January 17, 2012. [48][49] Immelt attended the Consumer Electronics Show in 2020 on behalf of Tuya Smart. He announced a series of initiatives with NFL Commissioner Goodell including a GE investment of $40million to develop diagnostic equipment for use in head trauma injuries, and GE's participation in a separate $20million effort to develop safer helmets and other equipment. Jeffrey Robert Immelt (born February 19, 1956) is an American business executive currently working as a venture partner at New Enterprise Associates. [58], Immelt served as chairman of The Business Council from 2005 to 2006. We recommend you to check the complete list of Famous People born on 19 February. Immelt served as chairman of The Business Council, a nonpartisan organization, in 2005 and 2006. He is a member of The American Academy of Arts & Sciences. Video of fatal police shooting of CT man will not be released yet, Cannabis activists want more CT criminal cases dropped, expunged, CT DOT faces criticism following overnight tree-cutting, Haar: Payouts at fading CT trash agency offer lessons in a crisis. in the year 1989 and later joined the Capital Board of G.E. and Supriya Jindal Farooq Kathwari, chairman, president and CEO, Ethan Allen Inc., and Farida . He is a business executive, best known as the chairman and CEO of the conglomerate General Electric. The couple had stuck with their listing agent Judy Dunn in the New Canaan office of Houlihan Lawrence, which was acquired in January by Berkshire Hathaway and added to its HomeServices of America subsidiary. degree in applied mathematics in 1978 from Dartmouth College, where he currently serves on the board of trustees. [40] Immelt stepped down in October 2017. [43] On June 6, 2018, Immelt was named executive chairman of athenahealth. I feel that has guided me', WW CEO Mindy Grossman: 'I joke that I'm an accidental CEO', Get Make It newsletters delivered to your inbox, Learn more about the world of CNBC Make It, 2023 CNBC LLC. Later, though, the company said it had been planning a move for three years. Andrea Immelt. Very early on after 9/11, I should have taken a much more long-term and holistic look at [GE], and done it from a standpoint of caution. Financial Services, Inc head and of than $41 billion empires, and the most profitable division of G.E. Before that, Alex spent six years with the Fairfield County Business Journal, and before that the Boston Business Journal, the Rochester Business Journal, Mass High Tech and InsuranceTimes in Boston. GE's SEC Form 10K for 2014 states that worldwide employment is 305,000, and US employment is 136,000. 1 of 5 The home of General Electric CEO Jeff Immelt and wife Andrea at 705 West Road in New Canaan. Professional Career. Facebook gives people the power to. He obtained an MBA from Harvard Business School in 1982[8] and described business school as "one of the most intense times of your life."[9]. As of March 2023, Jeff Immelt has an estimated net worth of more than $170 million. Obama has reported that Immelt has emerged as one of his top economic advisors in regards to trying to rebuild America's economy. During his tenure as GEs CEO, the companys GE Foundation became the leading foundation in corporate charitable activities. [citation needed], General Electric year end employment has varied from 273,000 in 2010 to 305,000 in 2014, a net increase of 37,000. Seven years later, the 2008 financial crisis hit GE's financial services division, GE Capital, which nearly collapsed. Some components of his total compensation package over the years have been newsworthy. In 2009, Immelt earned a total compensation of $5,487,155. Jeff Immelt (Jeffrey Robert Immelt) was born on 19 February, 1956 in Cincinnati, Ohio, United States, is an American businessman. Upon news of the move, released in January, the real estate community braced for a possible wave of departures if all 800 Fairfield jobs departed. On any given day, I can go from being sad to being happy. As CEO of General Electric in 2007, Immelt earned a total compensation of $14,209,267. Andrea has been found in 4 states including California, South Carolina, Massachusetts, Illinois. His involvement in GE has made him a recognized and respected figure in the industry, and has enabled him to establish an substantial net worth. Jeff Immelt then retired three months before his retiring date. He was commencement speaker at the University of Notre Dame on May 20, 2007, where he was awarded the honorary Doctor of Laws. Just $13,550 of the $73,800 Immelt has given in federal campaign contributions . Jeff Immelt Net Worth 2023: Age, Height, Weight, Wife, Kids, Bio-Wiki. Later in 2002, he received the Robert Fletcher Award from Dartmouth's Thayer School of Engineering. [38] That 2013 compensation had risen 20% over his 2012 compensation of $20.6million. Editor's Note:Due to a reporting error, an earlier version inaccurately stated the Berkshire Hathaway division of which Houlihan Lawrence is a subsidiary, which is HomeServices of America. Even Kalanick realized that Immelt was not cut out for the job. "I want to be reflective about it," says Immelt, who now lectures at Stanford University's Graduate School of Business. Immelt has led GE through two reporting challenges since then: it has been required to restate its SEC filings; and, in 2009 GE agreed to pay the SEC $50million to settle allegations of accounting fraud. Presumed owner of the real estate located at 705 West Rd, New Canaan. The good days are really good and the things that we had a chance to do and work on, like globalizing the company or launching products or developing people, that's extremely rewarding. By Tom Acitelli @tomacitelli May 6, 2016, 11:00am EDT. Immelt joined GE in 1982, working in GE's plastics, appliances, and healthcare businesses. Clemson awarded Immelt with an honorary doctorate and Immelt spoke of how GE hired many Clemson alumni at their gas turbine factory in Greenville, South Carolina. Immelt was named to Time magazine's 100 most influential people in the world in 2009. Career Details The two became close, continuing their relationship even after Andrea moved to Chicago. I really love the people, and I really feel like a different context needs to be painted around GE.". The entrance to 705 West Road in New Canaan, Conn., the home of General Electric CEO Jeff Immelt. [36] In 2014 his compensation totalled $18.8million,[37] a decrease from his 2013 compensation of $25.8million. He also holds an M.B.A. from Harvard University. During Immelt's tenure, GE's stock fell about 30%, wiping out over $150 billion in market value, which many analysts, investors and even fellow CEOs blame on Immelt's missteps. Andrea Immelt. in Applied Mathematics from Dartmouth College and his M.B.A. from Harvard Business School. Andrea Immelt found in Boston, Lenox and Pittsfield. That story was an exaggeration, sources . On 24 December 2015, Immelt was listed by UK-based company Richtopia at number 50 in the list of 500 Most Influential CEO's. They lived in New Canaan, Connecticut until 2015. A senior CEO, just how wealthy is Jeffrey Immelt figures technology innovation is a key to growth for two reasons. My family and close friends have helped me get through the last three years and the last 20 years. Guest List of White House State Dinner. He was commencement speaker at the Worcester Polytechnic Institute on May 17, 2008 and received an honorary degree. Built in 2000 and bought by the Immelts the following year when he was promoted to CEO of GE, the New Canaan house totals six bedrooms, six fireplaces and 11 bathrooms in 11,500 square feet of space on a 4-acre lot, with the driveway gated off from West Road. In 2009, Immelt won the Oslo Business for Peace Award, an award chosen by winners of theNobel PrizesinEconomicsandPeaceand given to leaders in the private sector who have demonstrated transformative and positive change through ethical business practices. Join Facebook to connect with Andrea Immelt and others you may know. The year after his departure, GE wasdroppedfrom the Dow Jones Industrial Average. The address on file for this person is 36 Ocean Course Drive, Kiawah Island, SC 29455 in Charleston County. GE's major financial business, then known as GE Capital, was operated largely through the General Electric Credit Corporation subsidiary. While the tax attacks created the impression that GE paid no taxes, its worldwide tax expense was over $3billion, with most of the taxes paid in foreign jurisdictions. Immelt listed for sale his house at 705 West Ave. in New Canaan for $5.5 million, as Fairfield-based GE readies to move its headquarters to Boston this summer. Updated. How I Remade GE During his 16 years as CEO, Jeffrey Immelt led a team of 300,000 people through recessions, bubbles, and geopolitical risk and engineered a radical makeover of GE . He and his wife, Andrea Allen, and their daughter reside inConnecticut. Immelt and his wife, Andrea, may have finally dug their way out of New Canaan. Houlihan Lawrence estimates the New Canaan taxes at $65,000 a year. [56][57], Immelt has returned to his hometown High School, Finneytown, to contribute to the Finneytown Schools Education Foundation. 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