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Boston-based GE said the previously-announced tax-free spinoff is expected to be completed in the first week of January in the new year. Previously, the company announced that H. Lawrence Culp, Jr., chairperson and CEO of GE and CEO of GE Aerospace, will serve as non-executive chairperson of GE HealthCare. Peter Arduini, CEO of GE HealthCare, will also serve as a director on the board.

The company announced eight additional directors who will join the board of directors.

“I am thrilled with the group we have assembled to serve on GE HealthCare’s Board of Directors. These directors are highly experienced and energized 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,” Culp said in a news release.

The new HealthCare board of directors additions include:

“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,” Arduini said.

Filed Under: Business/Financial News, Featured, News Well, Wall Street Beat Tagged With: GE Healthcare, Personnel Moves

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