GE's "crown prince" steps down

There are huge changes in the management of one of the world's largest industry companies, shortly after naming a new CEO.

Photo: GE

Just a few days after US industry giant GE chose John Flannery as its new CEO, another of the company's powerful executives is stepping down. 

The departing exec is Steve Bloze, former head of GE Power. Bloze was seen by many as the favorite to follow Jack Welch, but instead the board of GE opted to select another, internal candidate. GE Power primarily operates within construction of power plants.

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