GE HealthCare board announced ahead of Jan spinoff

General Electric (GE) has announced the first Board of Directors for its independent healthcare spinoff, GE HealthCare.

The company is set to be created following a spinoff slated for the first week of January 2023, subject to board approval.

Lawrence Culp, Jr., Chairman and CEO, GE, and CEO, GE Aerospace, will serve as Non-Executive Chairman of GE HealthCare.

GE HealthCare CEO Peter Arduini will also join as a Director.

GE has also announced the names of a further eight directors who will join the board.

The list includes Providence president and CEO, Dr. Rodney F. Hochman, former interim chief operating officer of HP, Catherine Lesjak, and Cleveland Clinic CEO, Dr. Tomislav Mihaljevic.

Culp said:

“I am thrilled with the group we have assembled to serve on GE HealthCare’s Board of Directors.

“These directors are highly experienced and energised by GE HealthCare’s mission and opportunities ahead.

“They bring a diverse range of perspectives and backgrounds to support the company’s ambitions, including deep industry knowledge in patient care and healthcare systems, capital allocation experience to support organic and inorganic growth, management and financial expertise, and digital innovation leadership.”

Arduini said:

“As we seek to lead the new era of precise, connected, and compassionate care, GE HealthCare will begin its life as an independent company with a best-in-class Board and team.

“The group we are assembling brings a strong understanding of the safety, quality, innovation and trust that our customers expect from GE, as well as fresh thinking for our journey forward.

“We’re excited to launch GE HealthCare in January as a standalone company leading precision health innovation.”