Thursday, May 22, 2025
UG Standard - Latest News
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us
  • Login
UG Standard - Latest News
Your browser does not support the video tag.
ADVERTISEMENT

GE unveils brand names for three planned future public companies

by Julian Ninsiima | Reporter
19/07/2022
in News
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter
GE announced the brand names of the future companies it will create through its planned separation into three industry-leading, global, investment-grade public companies focused on the growth sectors of healthcare, energy, and aviation.
GE announced the brand names of the future companies it will create through its planned separation into three industry-leading, global, investment-grade public companies focused on the growth sectors of healthcare, energy, and aviation (PHOTO /Courtesy)

GE (NYSE:GE) announced the brand names of the future companies it will create through its planned separation into three industry-leading, global, investment-grade public companies focused on the growth sectors of healthcare, energy, and aviation.

GE HealthCare will be the name of GE’s healthcare business. GE’s existing energy portfolio of businesses, including Renewable Energy, Power, Digital, and Energy Financial Services, will sit together under the brand name GE Vernova. GE Aerospace will be the name of GE’s aviation business. All three planned companies will continue to benefit from GE’s heritage and global brand valued at nearly $20 billion

Related posts

The Hidden Costs of China’s Cheap Renewable Energy for the Developing World

27/09/2024
187
This photo shows a geothermal well gushing steam at the Menengai Geothermal Development Company field in Nakuru, Kenya, on April 9, 2018. (Xinhua/Sheikh Maina)

Kenya unveils plan to add 3,000 MW of renewable energy to national power grid

06/01/2023
150

Additionally, GE announced today that following the completion of the planned spin-off, shares of GE HealthCare will be listed on The Nasdaq Global Select Market under the ticker symbol “GEHC.” By listing on Nasdaq, GE HealthCare will benefit from the exchange’s profile and track record as a market for innovative, technology-led public companies, particularly in the healthcare sector.

H. Lawrence Culp, Jr., Chairman and CEO, GE, and CEO, GE Aerospace said, “Today marks a key milestone in GE’s plan to become three independent, laser-focused companies. Leveraging GE’s multi-billion-dollar global brand gives us a competitive advantage in our end markets, allowing these businesses to win in the future. Built on a foundation of lean and innovation, these brands will continue our mission of building a world that works and provide our customers with an important reminder of the strengths they value in GE.”

GE intends to execute the tax-free spin-off of GE HealthCare in early 2023, creating an independent company driving innovation in precision health to improve patient outcomes and address critical patient and clinical challenges. Building on a more than 100-year history, the GE HealthCare name and Monogram will serve as an enduring badge of safety, quality, trust, and innovation. The new brand color for GE HealthCare is called  “compassion purple” to reflect more humanity and warmth and achieve greater distinction. The company will continue to be at the forefront of provider and patient care with more than four million product installations and over two billion patient exams a year.

In early 2024, GE plans to execute the tax-free spin-off of GE Vernova, GE’s portfolio of energy businesses, which together with its customers provides one-third of the world’s electricity and is focused on accelerating the path to reliable, affordable, and sustainable energy. The new name is a combination of “ver,” derived from “verde” and “verdant” to signal the greens and blues of the Earth, and “nova,” from the Latin “novus,” or “new,” reflecting a new and innovative era of lower carbon energy that GE Vernova will help deliver. These attributes also are reflected in GE Vernova’s new “evergreen” brand color. With an installed base of more than 7,000 gas turbines and 400 GW of renewable energy equipment, GE Vernova’s Monogram will serve as a reminder of the company’s lasting commitments to deliver quality, partnership, and ingenuity to its customers.

Following these planned spin-offs, GE will be an aviation-focused company called GE Aerospace. With an installed base of 39,400 commercial and 26,200 military aircraft engines, the company will continue to play a vital role in supporting the industry through a historic recovery while shaping the future of flight. The GE Monogram, new name, and new “atmosphere blue” brand color—representing the upper limits of the atmosphere—maintain the brand’s strong standing in the aviation sector, while setting forth a confident vision to compete and advance in the field of aerospace and defense for future generations. Following the planned separations, GE Aerospace would own the GE trademark and would provide long-term licenses to the other companies.

GE Chief Marketing Officer Linda Boff said, “Over the course of the last six months, we engaged in a thorough, customer-led process to understand the intrinsic value of the GE brand for our planned future companies. Based on data and analysis drawn from thousands of conversations, it became clear that the GE name and our century-plus old Monogram represent a legacy of innovation, symbol of trust by global customers, pride for our team, and a talent magnet for future leaders. We’re proud these future businesses will be able to build on GE’s DNA of innovation.”

By creating three separate companies, each will benefit from greater focus, tailored capital allocation, and strategic flexibility to drive long-term growth and value.

According to Interbrand Best Global Brands 2021, these plans may be subject to the outcome of legally mandated consultation in some parts of the world.

Share this:

  • Share
  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on X (Opens in new window) X
  • Click to share on Pinterest (Opens in new window) Pinterest
  • Click to share on Telegram (Opens in new window) Telegram
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading...

Related

Tags: and GE Energy Financial ServicesGeGE DigitalGE PowerGE Renewable Energy

Related Posts

 Abbas urges U.S. to compel Israel to stop violations against Palestinians
News

 Abbas urges U.S. to compel Israel to stop violations against Palestinians

05/11/2022
0
236

Abbas urges U.S. to compel Israel to stop violations against Palestinians RAMALLAH, Nov. 4 (Xinhua) -- Palestinian President Mahmoud Abbas...

Read moreDetails
Equity ranked 4th strongest banking brand globally on brand strength, scoring 92.4 points out of 100

 Equity Bank Under Scrutiny for Alleged Role in UGX.3bn Fake Gold Scam

09/07/2024
531
Kabuleta and other opposition politicians have teamed up to put an end to Museveni's leadership

 Kabuleta, other opposition politicians team up to put an end to Museveni’s leadership

27/02/2024
392
President Museveni

 Museveni commends Ugandan scientists! 

21/07/2020
854
Load More

Popular Articles

  • Check out the top schools with pupils who scored 6 in 4 aggregates in the 2024 PLE results, as released by UNEB

    PLE 2024 Results: Top Schools with 6 in 4 Aggregates

    4300 shares
    Share 1720 Tweet 1075
  • NIRA unveils high-tech National ID, mass enrollment set to begin

    2585 shares
    Share 1034 Tweet 646
  • FULL LIST: Ministry of Education, NCDC publish self-study workbooks amid COVID-19 lockdown

    3318 shares
    Share 1346 Tweet 822
  • How to Check PLE Results 2024 on Phone, Online

    1776 shares
    Share 710 Tweet 444
  • PLE 2024 Results: UNEB Clarifies on Release Date

    1646 shares
    Share 658 Tweet 412
  • MPs clear govt to cancel 2020 academic year

    2795 shares
    Share 1149 Tweet 686
  • UNEB agrees to adjust examinations timetables to accommodate lost time

    2660 shares
    Share 1086 Tweet 656

Recent Articles

Ugandan human rights advocate Agather Atuhaire speaks passionately on civic space in Kampala.

Uganda gov’t writes to Tanzania over detained rights firebrand Agather Atuhaire

22/05/2025
MediPay, a new InsurTech solution from the 2025 COMESA Women in FinTech Hackathon, empowers rural women in Zambia & Malawi with digital tools for affordable healthcare access, loans, & insurance

MediPay Targets Healthcare Access for Rural Women in Zambia, Malawi

22/05/2025
D/ASP Charles Twine (in army green jacket) with Noah Mutwe arriving at Buganda Road court on Thursday. (Courtesy photo)

Former CID spokesperson Twine charged for ridiculing President Museveni and Gen Muhoozi

22/05/2025
Uganda faces a staggering 3 trillion shilling fiscal loss annually as illicit alcohol consumption, driven by extreme affordability, accounts for 40% of the total market value.

Uganda Faces Billions in Tax Losses from Thriving Illicit Alcohol Trade

22/05/2025

IBA concludes global ESG training program for lawyers

22/05/2025
Phillip Kihumuro the Forest Restorations Project Manager WWF Uganda.

WWF Uganda advocates for local-led conservation

22/05/2025
Uganda's export earnings soared 40% in March 2025 to $899M, primarily driven by strong performances in coffee, gold, and fish, reflecting rising global prices and increased volumes.

Coffee, Gold Drive Uganda’s March Exports to Sh3.3 Trillion

22/05/2025

Recent CommentsRecent Comments

  • BIG STORY: US FDA Accepts Dei BioPharma’s Application For Ground Breaking Biological Diabetes And Weight Loss Drug – Press Uganda on BIG STORY: US FDA accepts Dei BioPharma’s application for ground breaking biological diabetes and weight loss drug
  • Week 6: 30 More Take Home Prizes In Shell Uganda Driver Promo – Press Uganda on Week 6: 30 More Take Home Prizes in Shell Uganda Driver Promo
  • Advocate Charged And Remanded Over Forgery – Press Uganda on Advocate charged and remanded over Forgery
  • Stanbic Bank Uganda Offers Preapproved Mortgages Up To 500M – Press Uganda on Stanbic Bank Uganda Offers Preapproved Mortgages Up to 500M
  • BroadPay Building Bridges To Financial Inclusion Through Local Payment Innovation – Press Uganda on BroadPay Building Bridges to Financial Inclusion Through Local Payment Innovation
UG Standard - Latest News

UG Standard, published via www.ugstandard.com isa publication of Sahel Media Solutions Ltd, a professional Digital/New Media company in Uganda info@ugstandard.com

Follow us on social media:

Latest News

  • Uganda gov’t writes to Tanzania over detained rights firebrand Agather Atuhaire
  • MediPay Targets Healthcare Access for Rural Women in Zambia, Malawi
  • Former CID spokesperson Twine charged for ridiculing President Museveni and Gen Muhoozi
  • Uganda Faces Billions in Tax Losses from Thriving Illicit Alcohol Trade
  • IBA concludes global ESG training program for lawyers
  • WWF Uganda advocates for local-led conservation

OpED

Understanding Air Expansion and Its Impact in Kasese District, Western Uganda

The Empire, the Spectacle, and the Soft Coup in South Africa

Inside South Africa’s Retail Shake-Up

Afrikaners for the U.S. as Refugees?

In Memoriam: Rajiv Ruparelia – A Legacy of Vision and Heart

© 2024 Ugstandard - Latest News by Digital/New Media company.

Welcome Back!

Sign In with Facebook
OR

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • DIPLOMACY
    • COURT
    • AFRICA
    • BOOK REVIEW
    • INTERVIEW:
    • National
    • Parliament
    • World
    • Regional
  • Business
    • AGRIBUSINESS
    • OIL & GAS
    • REAL ESTATE
    • TECH
    • INNOVATIONS
    • TELCOM
  • OpED
  • EDUCATION
  • INVESTIGATION
    • NATIONAL ARCHIVE
    • SPECIAL REPORT
    • ANALYSIS
  • FEATURES
    • SOCIETY
    • Community
    • Pictorial
    • PROFILES
    • Lifestyle
    • Health
    • ENVIRONMENT
  • Tours & Travel
    • Hotel & Hospitality
  • Sports
  • About Us

© 2024 Ugstandard - Latest News by Digital/New Media company.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d