GE GE Aerospace

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)

GE Aerospace (NYSE:GE)
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GE Aerospace (NYSE:GE)
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