GE Successfully Splits into Separate Entities After Years of Struggles

Tuesday, 2 April 2024, 10:36

General Electric (GE) has finally completed its three-way split, with its aerospace and energy businesses now trading independently. This move, led by CEO Larry Culp, marks a significant turning point for the company that faced challenges, including the aftermath of the 2008 financial crisis. The breakup is a strategic effort to revitalize GE and unlock new opportunities in the market.
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GE Successfully Splits into Separate Entities After Years of Struggles

GE Completes Three-Way Split

The industrial giant, General Electric (GE), has successfully split into separate entities, with its aerospace and energy businesses now trading independently. This strategic move led by CEO Larry Culp is aimed at revitalizing the company and seizing new opportunities in the market.

Years of Struggles

The breakup marks a significant milestone for GE, which endured challenges such as the fallout from the 2008 financial crisis that severely impacted its most profitable business, GE Capital. CEO Larry Culp announced the breakup in late 2021 as part of efforts to reshape the company's future.

  • The breakup ends a generation-long era of diversification under predecessors.
  • GE's healthcare business had previously begun trading on the Nasdaq.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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