Just announced today, unsure of where he is going
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can someone talk further at what the CIO did at GE that as soon as a new CEO comes on, they sell-off their digital are, and the CIO announces his departure.
Ironically he was in a webcast the day before using his baby Skype (where they forewarned that they might have connectivity problems because of all the simultaneous meetings taking place), where he basically said you needed to stay put. "GE needs you." What hypocrisy! Can't say I'll miss him though. Watch out Nationwide. If you're not using Skype now for realtime communication, you will be with Jimmy.
GE Digital falling short of revenue targets and they are selling of their CoreTech business. Fowler getting out before everyone figures out he failed.
Perhaps it’s possible that Fowler was simply afraid of the Peter Principle and knew he would have been in over his head running GED?
They lied up the Corporate ladder.
Fowler’s strategy was doomed to fail once GE Capital was sold. The cash cow is now gone and requires all the other businesses to put up or shut up. Jim and the rest of the knuckleheads at GE Digital leadership never had a real plan to generate revenue. They just thought by hiring a bunch of Silicon Valley developers that magic would occur and the money would just pour in. Fowler abandoned you all knowing the ship is going down. He was a smart technical guy. But a good CIO? No.
Wow all of GE leadership is a bunch of lying sacks of sh..
This sh-- would not have gone down this way under Larry’s watch, by the way.
Time to short Nationwide. Also advise transfering policies if you have one there.
"GE Veteran Jim Fowler Named CIO at Nationwide"
Wonder how long it will take for him to trash, err improve the new company...
And the dominoes start to fall!
hint: the jingle goes something like "wide is on your side"
https://blogs.wsj.com/cio/2018/06/28/ge-veteran-jim-fowler-named-cio-at-nationwide/
One important part: “Jim’s departure is not related to GE’s announcements this week,” a GE spokeswoman said. The company has informed employees of Mr. Fowler’s departure, the spokeswoman said.
He's running for the hills.