General Electric
He joined General Electric in 1971 as an entry-level manufacturing engineer. From 1988 to 1991, Nardelli was an executive for a division of the construction equipment maker, J. I. Case Company, which was then part of Tenneco.
By 1995, he had risen to president and CEO of GE Power Systems, also having the title of GE senior vice president. Nardelli was often known as "Little Jack", after his mentor Jack Welch, whom Nardelli had ambitions to succeed as CEO of GE. When Jack Welch retired as chairman and CEO of GE, a lengthy and well-publicized succession planning saga ensued. Nardelli competed with James McNerney and Jeffrey R. Immelt to succeed Welch. With Immelt winning the three-way race, Nardelli and McNerney left GE (as was Welch's plan). About 10 minutes after Welch let him go, Nardelli received a job offer from Kenneth Langone, who at the time was on the boards of both GE and The Home Depot.
Read more about this topic: Robert Nardelli
Famous quotes containing the words general and/or electric:
“In democratic ages men rarely sacrifice themselves for another, but they show a general compassion for all the human race. One never sees them inflict pointless suffering, and they are glad to relieve the sorrows of others when they can do so without much trouble to themselves. They are not disinterested, but they are gentle.”
—Alexis de Tocqueville (1805–1859)
“That’s the down-town frieze,
Principally the church steeple,
A black line beside a white line;
And the stack of the electric plant,
A black line drawn on flat air.”
—Wallace Stevens (1879–1955)