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The GE logo on the company's new headquarters. Photo: David L. Ryan / The Boston Globe via Getty Images

General Electric has tapped two former industry executives and an accounting expert to join its board as part of an effort to overhaul its business and reinforce the confidence of investors, reports Reuters. The board changes, which also include a cut from the current 18 to 12 members, will be voted on by shareholders at a meeting in April.

The nominees are Leslie Seidman, former Vice President at JPMorgan and chairman of the Financial Accounting Standards Board; Thomas Horton, former head of American Airlines, and Lawrence Culp Jr., former CEO of Danaher Corp.

Correction: This article has been updated to remove incorrect reporting on the timing of the board shakeup, as well as a reference to share prices that incorrectly labeled a GE disclosure as a Justice Department announcement. We regret the errors.

Go deeper

Updated 2 hours ago - Politics & Policy

Key government agency says Biden transition can formally begin

General Services Administrator Emily Murphy. Photo: Alex Edelman/CNP/Getty Images

General Services Administrator Emily Murphy said in a letter to President-elect Joe Biden on Monday that she has determined the transition from the Trump administration can formally begin.

Why it matters: Murphy, a Trump appointee, had come under fire for delaying the so-called "ascertainment" and withholding the funds and information needed for the transition to begin while Trump's legal challenges played out.

Updated 3 hours ago - Politics & Policy

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Illustration: Aïda Amer/Axios

  1. Vaccines: Key information about the effective COVID-19 vaccines — Oxford and AstraZeneca's vaccine won't just go to rich countries.
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  3. World: England to impose stricter regional systemU.S. hotspots far outpacing Europe's — Portugal to ban domestic travel for national holidays.
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Michigan board certifies Biden's win

Poll workers count absentee ballots in Detroit, Michigan on Nov. 4. Photo: Salwan Georges/The Washington Post via Getty Images

The Michigan Board of State Canvassers certified the state's election results on Monday, making President-elect Joe Biden's win there official and granting him the state's 16 electoral votes.

Why it matters: Republican Party leaders had unsuccessfully appealed to delay the official certification, amid the Trump campaign's failed legal challenges in key swing states.