General Electric (NYSE: GE) has a new head in the CEO chair, and while it's too soon to see any changes reflected in guidance, John Flannery has started pushing through some big culture changes in a very established company.

In this clip from the Industry Focus: Energy podcast, host Sarah Priestley is joined by Fool contributor Sean O'Reilly to talk about why GE has performed so poorly in the past few years, how the company did on this most recent earnings report, some of the biggest and most meaningful changes that Flannery has already started to make for the company, and how GE might change in some major ways.

A full transcript follows the video.

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Source: Fool.com