GE announced the first board of directors for GE HealthCare, the new independent company that was created following the conglomerate’s spin-off.
Peter Arduini was confirmed as GE HealthCare President and CEO, while H. Lawrence Culp, GE Chairman and CEO and GE Aerospace CEO, was named as non-executive chairman of the new healthcare company.
“These directors are highly experienced and energized by GE HealthCare’s mission and opportunities ahead,” Culp said in a statement. “The team is building significant momentum and targeting a spin-off during the first week of January, and having our Board in place represents a critical milestone on this path.”
Eight additional directors were also announced to join the GE HealthCare board.
The company also announced that it is targeting a spin-off date in the first week of January 2023, subject to final approval from the GE Board of Directors and other customary conditions.
In November last year, the conglomerate outlined a plan to split into three publicly traded companies focused on energy, healthcare and aviation to simplify its business and pare down debt.
“We’re excited to launch GE HealthCare in January as a standalone company leading precision health innovation,” Arduini said.
GE HealthCare will host investor day on December 8, 2022, in New York.