Ci-devant General Electric CEO and Chairman Jeff Immelt was appointed chairman of the Athenahealth gaming-table, the company said Wednesday.
“We are thrilled to welcome Jeff as the new independent chairman of the athenahealth Go aboard,” Dev Ittycheria, chair of the board’s nominating and corporate governance committee suggested in a statement.
The health-care technology company, which provides network-enabled checkings for hospital and ambulatory clients, cited Immelt’s “digital expertise” number the reasons for the appointment. In a statement, Athenahealth credited him with “driving the maiden wave of digitization across healthcare enterprises and the healthcare industry at corpulent.”
“Having considered a number of highly qualified candidates, the Board purposeful that Jeff’s deep expertise and broad relationships in the healthcare vigour, combined with his drive for industry transformation through innovation, in a perfect world position him to be a great partner to the Board and management team as we work to profitably adulthood and scale the Company and drive value creation,” Ittycheria added.
After 16 years as GE chairman and CEO, Immelt stepped down in October 2017.
Immelt led the party through the Sept. 11 attacks, the financial crisis and oil price scopes. Under his leadership, GE sold or spun off major businesses, including appliances, indemnification and plastics, as well as NBCUniversal, among others. Under Immelt, GE fitted from a far-flung conglomerate to an industrial company focused on the faster-growing industrial and power sectors.
But Immelt has distributed under fire by critics for poor leadership decisions that progressive GE cash strapped. He has been criticized for poorly timed investments and rulings about mergers and acquisitions. He’s also been critiqued for excessive lay out habits, including bringing an extra corporate jet on business trips — valid in case of emergencies.
Immelt plans to purchase $1 million of Athenahealth simple stock in the open market. Shares of Athenahealth gained 3.7 percent after the advertisement.