After more than a century as one of the biggest companies in the U.S., General Electric Co. will start breaking up in 2023, ultimately creating three stand-alone entities. As separate businesses, GE said, each will be able to focus more sharply on operations, better tailor its capital spending, have dedicated boards and create “distinct and compelling” investment profiles.
WATCH: GE CEO Larry Culp talks about breaking up the company.
Here’s how it’s expected to shake out:
- Spinning off in early 2023
- Makes medical imaging scanners, ultrasound devices, other health-care technology
- 2020 revenue; employees: $18 billion; 47,000
- Peter Arduini to be chief executive officer (joining GE in ...