Former GE CEO Jack Welch dead at 84

WASHINGTON, DC - JUNE 11: Former General Electric CEO Jack Welch. (Photo by Brooks Kraft/Getty Images)

Former General Electric CEO Jack Welch has passed away at the age of 84, FOX Business has confirmed.

Welch turned GE into a powerhouse conglomerate over a 20-year span and was known for developing talent at the company.

The businessman led the corporation from 1981 to 2001. GE's revenue was under $30 billion when Welch took the helm and had grown to $130 billion by 2000.

"Jack Welch, without question ... is one of the greatest businessmen, not only that I've known, but I think in the history of American business," Home Depot co-founder Ken Langone told Maria Bartiromo in 2018.

FOX Business' Kristina Partsinevelos and Julia Limitone contributed to this report.

This is a developing story. Check back for updates.