Don't Discount Dammerman As Welch's Successor

Jan. 13, 2005
Despite suggestions that his age, 53, takes him out of the running, highly regarded Dennis D. Dammerman, newly named head of GE Capital Services Inc., could be the best-positioned insider to succeed legendary General Electric Co. Chairman and CEO John F. ...

Despite suggestions that his age, 53, takes him out of the running, highly regarded Dennis D. Dammerman, newly named head of GE Capital Services Inc., could be the best-positioned insider to succeed legendary General Electric Co. Chairman and CEO John F. Welch Jr. when he retires in 2000. Dammerman, who's been senior vice president of finance and GE's CFO, has been a close Welch confidant and is now a vice chairman of GE's board and member of the company's executive office. What's more, although less temperamentally volatile than Welch, Dammerman is regarded as a first-rate strategic thinker. And if he succeeded Welch at age 55, he could have 10 years in the top GE job -- a period of time that's likely to become the new global norm for CEOs.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!