Scholarship News

Obama taps GE CEO to head new panel on jobs

January 22nd, 2011 davidguide

Tejinder Singh – AHN News Correspondent

Washington, DC, United States (AHN) – President Barack Obama on Friday was heading to Schenectady, NY, to visit General Electric’s downtown plant where he was expected to announce the appointment of Jeffrey Immelt, the CEO and chairman of GE, as chair of the new President’s Council on Jobs and Competitiveness.

The council is set to replace the President’s Economic Recovery Advisory Board, or PERAB, whose mandate expires Feb. 6, after its navigator, former Federal Reserve Chairman Paul Volcker, recently announced his decision to step down.

Air Force One carrying Obama and his entourage is scheduled to land at 12:10 p.m. and Obama is expected to speak at the GE plant shortly after 1 p.m. The presidential team leaves around 2 p.m.

With a brief plant tour at GE, Obama would complete his second visit to the Capital Region since his 2008 election. Obama had spoken about technology during a 2009 visit to Hudson Valley Community College.

Article © AHN – All Rights Reserved

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Posted in Returning To School Tags: federal reserve chairman, ge plant, hudson valley community, hudson valley community college, jeffrey immelt, paul volcker, schenectady ny

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