General Electric

GE Spin-off Resources

Stay up to date with the latest resources for the planned spin-offs.


Spin-off Updates

On November 9, 2021, GE announced plans to form three public companies focused on the growth sectors of Aviation, Healthcare, and Energy.

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General Electric

GE HealthCare

GE is pursuing a tax-free spin-off of GE HealthCare, creating a pure-play company at the center of precision health in early 2023, in which GE expects to retain a stake of 19.9 percent.

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GE Vernova, GE’s portfolio of energy businesses

GE plans to combine GE Renewable Energy, GE Power, and GE Digital into one business, GE Vernova, positioned to lead the energy transition, and then pursue a tax-free spin-off of this business in early 2024.

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Frequently Asked Questions

Why is GE planning to separate into three independent companies? Why now?
Answer
This plan builds on significant momentum GE has built strengthening our financial position and operating performance, all while deepening our culture of continuous improvement and lean. This momentum puts us in a position of strength to take this exciting next step and we remain very enthusiastic about the opportunities these planned spin-offs will unlock for our franchises as they will help drive greater focus, accountability and alignment with our customers and the markets they serve.
What is the timing of the planned spin-offs?
Answer
GE intends to execute the tax-free spin-off of GE HealthCare in early 2023, and of GE Vernova, GE’s portfolio of energy businesses in early 2024. Following these planned spin-offs, GE would be an aviation-focused company called GE Aerospace.
Why is GE retaining up to a 19.9% stake in GE HealthCare?
Answer
GE is retaining up to a 19.9% stake in GE HealthCare to provide further strategic flexibility in future capital structures and to ensure the business is set up for success as a standalone business.
Who is leading each of the three planned independent companies?
Answer
Pete Arduini is President and CEO of GE HealthCare. Larry Culp will serve as non-executive chairman of GE HealthCare upon its intended spin-off.

Scott Strazik is CEO, GE Vernova, GE’s energy portfolio of renewable energy, power, and digital businesses.

Larry Culp is Chairman and CEO of GE, and CEO of GE Aerospace.
When will the Board of Directors be announced for each planned business?
Answer
GE will announce the Board of Directors for GE HealthCare in advance of the spin-off and will share more information about its plans for the Boards of Directors for GE Vernova—GE’s portfolio of energy businesses—and GE Aerospace as the separation planning process is farther along.
Why are you retaining the GE name and Monogram with each planned future company?
Answer
Through thousands of conversations with customers, employees, and others, it became clear that the GE name and our 130-year-old Monogram represent a legacy of innovation, a symbol of trust for our global customers, and an invaluable source of pride for our teams. We expect each of the three planned businesses will continue our mission of building a world that works and provide our customers with an important reminder of the strengths they value in GE.
What will happen to my retirement benefits after the spin-offs?
Answer
The intention is that GE retirement benefits will be allocated among plans maintained by the three future companies. We are still working through the details and will be communicating to eligible participants when there is more information to share.
What is the GE HealthCare spin-off?
Answer
The spin-off is the method by which we intend for GE HealthCare to separate from GE. In this spin-off, GE would distribute to its stockholders at least 80.1% of the outstanding shares of GE HealthCare common stock. Following the spin-off, GE HealthCare would be an independent, publicly traded company, and GE would continue to retain up to 19.9% of the outstanding shares of GE HealthCare common stock.
What is the exchange and ticker symbol that GE HealthCare will trade under?
Answer
After the planned spin-off, shares of GE HealthCare will be listed on The Nasdaq Global Select Market under the ticker symbol “GEHC.”
What will GE stockholders receive in the proposed spin-off?
Answer
Following the intended spin-off of GE HealthCare, each holder of GE common stock as of the record date will be entitled to receive shares of GE HealthCare. The number of shares received will be based on a distribution ratio that will be determined and announced closer to the planned spin date.
Will the number of shares of GE common stock I own change as a result of the planned spin-off of GE HealthCare?
Answer
No, the number of shares of GE common stock you own will not change as a result of the planned spin-off of GE HealthCare.
Will the intended separation affect the trading price of my GE stock?
Answer
The trading price of shares of GE common stock immediately following the planned spin-off is expected to be lower than the trading price immediately prior to the planned spin-off because the trading price will no longer reflect the value of the Healthcare business. There can be no assurance that, following this spin-off, the combined trading prices of the GE common stock and GE HealthCare common stock will equal or exceed what the trading price of GE common stock would have been in the absence of the spin-off.
What is the record date for the intended GE HealthCare spin-off?
Answer
The record date for the intended spin-off will be determined and announced closer to the spin date.
When will the planned GE HealthCare spin-off occur?
Answer
We expect the spin-off to occur in early 2023.
As a holder of shares of GE common stock as of the record date for the planned GE HealthCare spin-off, how will shares of GE HealthCare be distributed to me?
Answer
We will share more information about how shares of GE HealthCare will be distributed closer to the planned spin-off date.
What do I have to do to participate in the planned GE HealthCare spin-off?
Answer
You are not required to take any action in order to participate in the planned spin-off.

If you hold GE share certificates that have not been converted into book-entry form in connection with last year’s reverse stock split, you will still be entitled to receive shares of GE HealthCare common stock as a consequence of the intended spin-off, although you will not receive such shares until you exchange your GE share certificates.
What are the tax implications of the planned GE HealthCare spin-off for shareholders (U.S. and non-U.S.)?
Answer
We expect that the intended distribution of GE HealthCare common stock will be tax-free to holders of GE common stock for U.S. federal income tax purposes, and we will provide more information closer to the time of the spin-off. Foreign, as well as U.S. stockholders, should contact their own tax advisor with respect to the U.S. federal, state and local, and foreign tax consequences of the distribution.
Will GE HealthCare pay a dividend?
Answer
GE HealthCare’s dividend policy will be determined and announced closer to the planned spin date.
Where can I find more information about GE HealthCare?
Answer
For more information about GE HealthCare, please visit www.gehealthcare.com.