TechCulture Culp will continue to serve as chairman and CEO of GE until the second spin-off, the company said, at which point he will lead the GE aviation-focused company going forward.
The company said GE veteran Peter Arduini will assume the role of president and CEO of GE Healthcare beginning on Jan. 1, 2022, Scott Strazik will be the CEO of the combined Renewable Energy, Power and Digital business and John Slattery will continue as CEO of Aviation.
Finally, the company said that it is on track to reduce debt by more than $75 billion by the end of the year, and said this will put it in a strong position to execute the plan to form three separate companies.
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