General Electric executive Ann Klee will take over as president of the company’s charitable foundation, replacing Deborah Elam, GE’s chief diversity officer, according to the Boston Globe.
Ms. Klee will assume the position when Ms. Elam retires at the end of the year, according to the Globe. As the foundation's leader, Ms. Klee will oversee the disbursement of more than $50 million that GE has committed to donate over five years to various causes in the Boston area — with the city’s public school system being the biggest beneficiary. She will also continue to oversee environmental health and safety for the company.
The company is relocating from its current headquarters in Fairfield, Conn., to Boston, and will move into a temporary space in the city next month.