General Electric is set to be booted from the Dow Jones industrial average and will be replaced by Walgreens Boots Alliance, the index's committee announced on Tuesday.

GE was the last-standing member of the 1896 Dow. It's been in and out of the index over the years.

Today, the index is more diverse than the original list of industrial companies.

General Electric is set to lose its place as the last-standing member of the 1896 Dow Jones industrial average.

S&P Dow Jones Indices announced Tuesday that drug retailer Walgreens Boots Alliance would take the industrial conglomerate's place on June 26, to make the index more representative of the economy in 2018. Also, GE's stock had plunged by nearly 80% from its 2000 highs, and it accounted for less than 1% of the Dow's weight.

Apple's addition to the current list of 30 American conglomerates, in March 2015, was yet another demonstration of how much the index has evolved. When it was founded in 1896, it consisted of a dozen industrial companies.

Here they are: