2014 – Jeffrey R. Immelt

Leonardo International Prize Winners  

An American manager, Jeffrey R. Immelt has been Chairman and Chief Executive Officer of the General Electric (GE) Group since September 2001. He gained a degree in Applied Mathematics at Dartmouth College in 1978 and was awarded an MBA at Harvard University in 1982. In the same year he joined GE, holding increasingly responsible positions in the group’s various businesses, including Appliances, Healthcare and Plastics. In 1989 he was appointed as Vice Chairman, and in 1997 he became a member of the Board. Mr Immelt is the Chair of President Obama’s Council on Jobs and Competitiveness and a member of the American Academy of Arts & Sciences. Jeffrey Immelt has been named among the “World’s Best CEOs” three times, and during his management GE has been chosen as “America’s Most Admired Company” by Fortune and ranked among the “World’s Most Respected Companies” by Barron’s and the Financial Times. Showing his sincere appreciation for the Italian industrial system, Jeffrey R. Immelt has turned GE into one of the major overseas investors in high-tech, research and innovation in Italy. In 1994 GE acquired Nuovo Pignone in Florence, which is now a global hub of excellence for the distribution of oil and gas turbomachinery, used in systems installed throughout the world. In 2011 GE inaugurated a railway signalling research and development centre in Sesto Fiorentino, which has carved out a reputation as an internationally recognised laboratory. In 2013 GE chose Italy to strengthen its global presence in the aerospace sector, by acquiring the aeronautical division of Avio S.p.A.. The operation, with a total value of US$4.3 billion, will enable establishment of a group centre of excellence in the field of mechanical transmission systems and low-pressure turbines. Every year GE invests €110 million in research and development in Italy and collaborates actively with many Italian universities and research centres.

 

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