GE Sets Sails for Simpler Future

Wind Industry Profile of

Company to focus on Aviation, Power and Renewable Energy

GE has announced the results of its strategic review yesterday. GE will focus on Aviation, Power and Renewable Energy, creating a simpler, stronger, leading high-tech Industrial company. In addition to the pending combination of its Transportation business with Wabtec, GE plans to separate GE Healthcare into a standalone company, pursue an orderly separation from BHGE over the next two to three years, make its corporate structure leaner and substantially reduce debt. GE’s Board of Directors unanimously approved the plans announced today. John Flannery, chairman and CEO of GE, said, “Today marks an important milestone in GE’s history. We are aggressively driving forward as an aviation, power and... ... More: Official Press Release GE

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GE, portfolio, simpler, renewables, energy, shareholder value, announcement