GE Says HealthCare Spinoff to Happen First Week of 2023, Names Board
12 September 2022 - 9:20PM
Dow Jones News
By Will Feuer
General Electric Co. named the board of directors for its
healthcare business, which GE said it is aiming to spin off in the
first week of 2023.
GE Chairman and Chief Executive Larry Culp, who has said he
would remain CEO of GE Aerospace after the breakup, will serve as
non-executive chairman of GE HealthCare. Peter Arduini, CEO of GE
HealthCare, will also serve as a director, the company said.
The company said it also intends to appoint Rodney Hochman, the
CEO of Providence, a Catholic not-for-profit health system, to the
GE HealthCare board, as well as Lloyd Howell, the CFO and treasurer
of Booz Allen Hamilton Holding Corp.
Other members will include Risa Lavizzo-Mourey, the former CEO
of the Robert Wood Johnson Foundation, and Catherine Lesjak,
current GE director and former CFO of HP Inc. Honeywell
International Inc. General Counsel Anne Madden is also expected to
join the board as well as Cleveland Clinic CEO Tomislav Mihaljevic
and T. Rowe Price Group Inc. director William Stromberg. Phoebe
Yang, previously general manager of Amazon Web Services' healthcare
business, is also expected to join the GE HealthCare board, GE
said.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
September 12, 2022 07:05 ET (11:05 GMT)
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