January 24, 2018 / 2:32 PM / a year ago

GE CEO says company will continue, but will 'look different'

General Electric Co's John Flannery is shown in this undated handout photo provided June 12, 2017. Courtesy General Electric/Handout via REUTERS/Files

NEW YORK (Reuters) - General Electric Co intends to make further changes to its portfolio but will remain a company, its chief executive said on Wednesday.

“There will be a GE in the future, but it will look different than it does today,” Chief Executive John Flannery said on a conference call as GE released fourth-quarter earnings.

The comments come after speculation increased last week that GE was seriously considering a break-up. Earlier Wednesday, the head of GE’s aircraft financing unit, said GE is looking at alternative structuring arrangements, not a break-up of the company.

Reporting by Alwyn Scott; Editing by Nick Zieminski

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