General Electric Chief Executive Officer Larry Culp said that the company’s breakup plans are on track but that it continues to battle supply-chain pressures that threaten to slow deliveries and push up costs.
Early Monday, GE named the board for its healthcare business and said it plans to spin it off as a separate company in the first week of January. Mr. Culp will be nonexecutive chairman of the new board, and GE Healthcare CEO Peter Arduini will also be a director. The Boston conglomerate plans to split into three separate public companies over the next two years while it navigates the pandemic’s impact on its aviation business and supply-chain problems.
