GE Healthcare Spinoff On Track Despite Leadership Change

GE is replacing John Flannery as chairman and CEO with H. Lawrence Culp, formerly the chief of Danaher. But the change in leadership will not alter the company's previously announced plan to spin off GE Healthcare as a stand-alone business and make some other structural changes, the company says.

BEIJING, CHINA-MARCH 26, 2017: GE Healthcare sign. GE Healthcare is an American company founded in 2014 and is subsidiary of General Electric (GE).
GE Healthcare continues to move toward being an independent company.

GE new leadership is sticking with the company's previously announced plan to spin off GE Healthcare.

In June, GE announced plans to exit the health-care industry and make GE Healthcare a standalone company led by current GE Healthcare CEO Kieran Murphy. GE plans to monetize 20%...

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