Sue Siegel Named Chief Innovation Officer for GE
October 23 2017 - 7:00AM
Business Wire
GE (NYSE:GE) announced today that Sue Siegel, CEO of GE
Ventures, has been named Chief Innovation Officer for GE, effective
immediately.
As Chief Innovation Officer Siegel will be responsible for
developing and accelerating GE’s long-term innovation strategy and
will report directly to GE Chairman and CEO John Flannery. In this
role Siegel will continue to lead GE Ventures, which is comprised
of equity investing, licensing and new business creation. She will
also serve as a member of the company’s capital allocation and
portfolio management governance; and help expand the company’s
efforts to grow, incubate, and accelerate horizontal, adjacent and
transformational businesses.
John Flannery, chairman and CEO of GE, said, “Sue combines
operational excellence with an entrepreneurial mindset to identify
and unlock new value for GE. Her ability to spot new market
opportunities; develop new business models, partner with the
entrepreneurial ecosystem; and help make market-backed capital
allocation decisions has made GE stronger. I look forward to
working with Sue on the next chapter of growth at GE.”
Siegel has 30+ years of experience in the corporate and venture
capital world as a business innovator, leader, operator, and
venture capitalist. Sue trained as a biochemist and molecular
biologist, earning her M.S. from Boston University. She serves on
prominent Boards and is recognized in Fortune as one of “34 Leaders
Who Are Changing Health Care” and as one of “The 100 Most
Influential Women in Silicon Valley” by Silicon Valley Business
Journal. She is an Aspen Institute Crown Fellow and was featured as
a Multiplier in the book “Multipliers: How the best leaders make
everyone smarter.”
About GE
GE (NYSE:GE) is the world’s Digital Industrial Company,
transforming industry with software-defined machines and solutions
that are connected, responsive and predictive. GE is organized
around a global exchange of knowledge, the "GE Store," through
which each business shares and accesses the same technology,
markets, structure and intellect. Each invention further fuels
innovation and application across our industrial sectors. With
people, services, technology and scale, GE delivers better outcomes
for customers by speaking the language of industry. www.ge.com
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GE Media:Kristin Schwarz,
646-682-5601Kristin.Schwarz@ge.com
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