GE HealthCare, the Chicago‑based medical‑technology company, disclosed that William Grogan will assume the role of chief financial officer effective September 14. He replaces Jay Saccaro, who stepped down last month.
Executive background
Grogan joins GE HealthCare from water‑pump manufacturer Xylem, where he served as finance chief beginning in 2023. His résumé also includes senior finance positions at IDEX Corporation, pharmacy chain Walgreens and industrial products firm Crane Co.
Strategic fit
Analysts at RBC Capital Markets noted that Grojan’s record of improving profitability, simplifying operations and integrating acquisitions aligns with GE HealthCare’s current priorities.
Interim leadership
Interim CFO George Newcomb will continue in his existing roles as controller and chief accounting officer while the transition takes place.
Industry context
The appointment comes amid a wave of finance‑leadership changes across the U.S. healthcare sector, including recent moves at Pfizer, Amgen, Centene and Baxter. GE HealthCare reported a second‑quarter earnings beat and reaffirmed its annual profit outlook earlier this year.
Company outlook
CEO Peter Arduini has indicated the company is evaluating a potential sale of its patient‑care unit, citing ongoing profitability and supply‑chain challenges. Shares of GE HealthCare have fallen more than 11% year‑to‑date.
Related moves
Separately, Xylem announced the appointment of Andrea van der Berg as its new finance chief.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
