GE replaces Flannery as CEO, names former Danaher chief to role

GE also announced it “will fall short of previously indicated guidance for free cash flow and (earnings per share) for 2018,” and expects to take a non-cash goodwill impairment charge related to the GE Power business. GE Power’s current goodwill balance is approximately $23 billion and the goodwill impairment charge is likely to constitute substantially all of this balance, the company said.

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