GE replaces its CEO

GE has named H. Lawrence Culp, Jr. as Chairman and Chief Executive Officer of the company by a unanimous vote of the GE Board of Directors, effective immediately.  Additionally, the GE Board has appointed Thomas W. Horton as Lead Director. Culp will succeed John Flannery as Chairman and CEO. While GE’s businesses other than Power are generally performing consistently with previous guidance, due to weaker performance in the GE Power business, the Company will fall short of previously indicated guidance for free cash flow and EPS for 2018.  In addition, GE expects to take a non-cash goodwill impairment charge related