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Athenahealth Taps Former GE CEO Jeff Immelt as Chairman
Photo via BostInno
Photo via BostInno
Former General Electric CEO Jeffrey Immelt (MBA 1982) has been tapped as the new chairman of athenahealth, the Massachusetts-based health care IT company founded by Jonathan Bush (MBA 1997). Bush, who serves as CEO, will stay on the board. Immelt left GE last August.
The search for a new chairman was prompted in mid-2017 after activist investing firm Elliott Management bought a 9 percent share of the company. That move also triggered about $100 million in cost-cutting changes, including 400 layoffs.
In making the announcement, athenahealth noted that Immelt had overseen the growth of GE Healthcare to a $20 billion business.
Immelt was also recently brought in as a venture partner at New England Associates, one of the country’s largest venture capital firms.
Find HBS alumni at athenahealth, Elliott Management
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