John Francis ‘Jack’ Welch Jr is a retired American business executive who served General electric for 41 years in different positions. It is true that John is a man of great value and honor. Apart from being a business leader, he is also an author and chemical engineer by profession. Jack is the only person in the history of General electric where an entry-level junior engineer became the youngest vice president of the company, and later acquired the position of the chairman.
Francis’s had a dynamic style of working and some great leadership skills in GE. During his tenure, the company had huge growth and turnover which is still now a matter of pride for GE. It would be nice to know a little about Jack’s early life, career, achievements and his net worth in 2018.
The genius was born on November 19th, 1935 in Peabody, Massachusetts. He belongs to a very reputed family where his father John Francis Welch Sr was a railroad contractor in Boston & Maine, and mother a homemaker.
Jack attended Salem High School, and apart from being a good student he actively participated in football baseball and hockey where he was the school captain.
Jack completed his graduation with a bachelor of science in chemical engineering and then completed his masters and even Ph.D. from the University of Illinois. In the entire span of college and university life, Jack was an extraordinary student who proved his ability at every step.
The inception of Jack’s professional career was from General Electric. During the initial years, he was a junior chemical engineer with a very basic salary. There was a time when he thought of quitting the job but Reuben Gutoff an executive of GE persuaded him to stay back for good.
By the year 1968, Jack acquired the position of Vice President and head of GE’s plastics division. Again in the next few years, he was given the responsibility to head the metallurgical and chemical division. In this way, he slowly succeeded in his career and went on to be the strategic head then senior vice president and head of consumer products, and even the vice chairman of the company.
It was the year 1981 when Jack was elected as the youngest CEO and Chairman of the company.
Jack’s career flourished even after his retirement from GE, as he served as an advisor in many private equity firms. The career of Jack Welch is something to look upon in terms of success and achievements.
Awards and Achievements
Over a long span of the career, John has been successful at every step. Jack’s achievements are truly remarkable. Talking about awards there are two significant ones which are worth mentioning like ‘Manager of the Century,’ and the book ‘Winning’ written by him reached the top rank on the wall street journal bestseller list. Jack’s achievements cannot be counted by awards.
Net worth of Jack Welch
Jack is not only a rich personality but a man who is known for his strategies and corporate leadership skills. During his tenure at GE, the company has seen a huge rise in its value in the market. Jack has an estimated net worth of $850 million.
Every corporate leader around the world still praises Jack for his limitless contribution at GE. He is a man who of great strength and believe. Till now he has been a pillar of motivation and strength for many corporate executives. Jack Welch is truly a real genius.