Big news from a major corporation: Conglomerate General Electric named Beth Comstock a new Vice Chair. She oversees marketing for the company, becoming chief marketing officer in 2003. Oh yeah, she’s the first woman to hold the executive position (no big!). She joins three other men as her fellow vice chairs.
Comstock’s official title is Vice Chair of Business Innovations (pretty cool, huh?). Per “Fast Company,” here’s what the Business Innovations unit actually is and does:
[It] accelerates new business and helps established commercial ventures transition into GE’s technology universe. The Business Innovations arm houses GE Lighting, GE Ventures & Licensing, software commercialization and corporate marketing, sales, and communications.
Comstock is credited with helping GE focus on the future, in terms of the “industrial internet.” The concept marries data analysis with GE’s traditional, industrial products. CEO Jeff Immelt has called her “a catalyst for digital innovation and growth.”
I can’t wait to see how she’ll evolve GE into the future.