GE has filed its Form 10 registration statement with the SEC for the planned spin-off of GE Vernova, expected to take place in April subject to final approvals.
“Today’s filing underscores GE Vernova’s important progress toward its spin-off as an independent, global leader driving electrification and decarbonization,” says GE’s H. Lawrence Culp, Jr. “Our financial position is strong to support forming GE Vernova and GE Aerospace as well-capitalized, investment-grade companies, and we’re excited to launch them to the world in early April.”
“GE Vernova is a purpose-built company serving the electric power industry with a unique scope and scale of solutions to create a more sustainable world,” adds GE Vernova CEO Scott Strazik. “Today’s milestone demonstrates the significant progress our teams have made in preparing GE Vernova to launch as a standalone company and how we are poised to benefit from growing demand for energy transition products and services. Our momentum continues to build with this latest milestone as we approach our spin-off.”
GE Vernova will be organized into three operating segments: power, wind and electrification.
