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GE said it would combine GE Renewable Energy, GE Power, and GE Digital into one, while pursuing a tax-free spin-off of GE Healthcare.
Its aviation unit will be the third entity, the U.S. conglomerate said.
GE Chief Executive Officer Lawrence will lead the aviation business once the spin-off is complete and serve as non-executive chairman of GE healthcare company.
Scott Strazik will be the CEO of the combined Renewable Energy, Power and Digital business.
