Immelt, who recently retired from his role as Chairman and CEO of GE after 16 years at the helm of the company, has domain and company-building expertise closely aligned with NEA’s core sectors of focus.
He joined GE in 1982, holding increasingly senior positions in the company’s plastics, appliances and healthcare businesses and serving as President of GE Healthcare before assuming the role of GE CEO in 2001. During his tenure at GE, Immelt helped build GE Healthcare from a $3 billion business to a nearly $20 billion market leader in imaging, life sciences, and devices and a digital industrial platform that is ranked as a top “internet of things” platform.
He will work closely with technology and healthcare companies across the firm’s portfolio in this new role. In addition to this role at NEA, Immelt will be teaching a course at the Stanford Graduate School of Business with Robert Siegel. The course, “Systems Leadership for the Digital Industrial Transformation,” will be offered this spring.