General Electric Co. named Monday the new slate of candidates for its board of directors for the 2018 annual shareholder meeting, as the size of the board is reduced to 12 directors from 17. The slate includes three new candidates: Danaher Corp. Chief Executive H. Lawrence Culp; American Airlines CEO Thomas Horton; and the Financial Accounting Standards Board (FASB) Chairman Leslie Seidman. The nine incumbent directors standing for reelection are: Sébastien M. Bazin, W. Geoffrey Beattie, John J. Brennan, Francisco D’Souza, John L. Flannery, Edward P. Garden, Risa Lavizzo-Mourey, James J. Mulva and James S. Tisch. Current Lead Director Brennan will not stand for reelection in 2019. “The 2018 board slate aligns the board with the future of the company,” Brennan said. “We are adding proven world-class expertise in capital allocation, aviation, accounting and financial reporting.” The stock, which gained 0.4% in premarket trade, has tumbled 20.3% over the past three months while the Dow Jones Industrial Average has advanced 5.6%.
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