trending Market Intelligence /marketintelligence/en/news-insights/trending/dW0yDt6DDKRnBgFVA3ysiQ2 content esgSubNav
In This List

GE elects activist investor Trian's co-founder to board

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition


GE elects activist investor Trian's co-founder to board

General Electric Co. has elected Ed Garden to its board, effective Oct. 9.

Garden is a co-founder and chief investment officer of activist investor Trian Fund Management LP. His appointment comes a week after Jeffrey Immelt retired as chairman. CEO John Flannery took over as chairman of the board after Immelt's retirement.

Trian became a shareholder in 2015 and was dissatisfied with the company's stock performance and cost-cutting efforts under Immelt, who stepped down as CEO of the company on Aug. 1.

"Like other GE shareholders, I am disappointed by the recent performance of GE's stock. But I continue to believe that GE represents an attractive long-term investment opportunity with significant upside," Garden said.

Garden is replacing former Deere & Co. CEO Robert Lane, who is retiring from GE's board after 12 years.