General Electric’s CEO Larry Culp said the debt reducing decision by the manufacturing giant create three companies focusing on aviation, health care (manufacturing things like imaging machines), and renewable energy and power. Each company will have its own CEO and its own board of directors.
Charlie Brown, the Director of Portfolio Strategies with Greypoint in Albany broke the plan down saying, “In 2023 their plan is to spin off the healthcare business so that healthcare business will become its own individual company. In 2024, the power business will become its own individual company. And then what’s left will be the Aviation business.”
Charlie Brown, the Director of Portfolio Strategies with Greypoint in Albany broke the plan down saying, “In 2023 their plan is to spin off the healthcare business so that healthcare business will become its own individual company. In 2024, the power business will become its own individual company. And then what’s left will be the Aviation business.”