GE has announced its plan to form three global public companies focused on the sectors of aviation, healthcare, and energy. The three companies will be GE Aviation, GE Healthcare, and the combined GE Renewable Energy, GE Power, and GE Digital businesses.
GE intends to execute tax-free spin-offs of Healthcare in early 2023 and of the Renewable Energy and Power company in early 2024. Following these transactions, GE will be an aviation-focused company. H. Lawrence Culp, Jr. will serve as non-executive chairman of the GE healthcare company upon its spin-off. He will continue to serve as chairman and CEO of GE until the second spin-off, at which point, he will lead the GE aviation-focused company going forward. Peter Arduini will assume the role of president and CEO of GE Healthcare effective January 1, 2022. Scott Strazik will be the CEO of the combined Renewable Energy, Power, and Digital business while John Slattery continues as CEO of Aviation.
