GEC draws up Weinstock shortlist
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GEC, the electrical and electronics company, confirmed over the weekend it was drawing up a shortlist of external and internal executives to replace Lord Weinstock, its managing director, who is to retire next year after 33 years. Lord Prior, the company chairman, said the successor would be named within six months. Some investors are keen to see the company recruit from the outside rather than see Lord Weinstock, who is 71, be succeeded by his son Simon, who is commercial director.
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