Full Press Release Details
HealthCare Names James Saccaro Vice President and Chief Financial Officer
Chicago, IL - May 9, 2023 - GE HealthCare (Nasdaq: GEHC),
a leading global precision care innovator, has named James "Jay" Saccaro as vice president and chief financial officer (CFO),
succeeding Helmut Zodl who is remaining with the Company to lead special projects regarding separation from GE. These changes will take
effect June 1, 2023.
Saccaro joins GE HealthCare from Baxter International, a global medtech leader,
where he has been serving as its executive vice president and CFO since 2015. Prior to rejoining Baxter, he was senior vice president
and CFO at Hill-Rom Corporation. Saccaro had previously served as corporate vice president and treasurer of Baxter from 2011 to 2013.
He originally joined that company in 2002 as manager of strategy for Baxter's BioScience business, and over the years assumed positions
of increasing responsibility, including vice president of financial planning, and vice president of finance for the company's operations
in Europe, Middle East, and Africa. Saccaro received a bachelor's degree in economics and master's degree in engineering-economic
systems from Stanford University.
"I am excited that Jay has agreed to serve as our CFO, as our company
executes on our strategic growth plan and achieves our purpose to create a world where healthcare has no limits and continues to deliver
on our promises to customers and shareholders. Jay is a world-class CFO bringing deep knowledge of the medtech and bioscience industries
to GE HealthCare, coupled with excellent strategic and operational skills and extensive experience in leading large global organizations,"
said GE HealthCare President and CEO Peter Arduini. "I want to thank Helmut for his
leadership during the leadup and spin-off from GE and for creating tremendous momentum that we will continue to build on under Jay."
"I am thrilled to join GE HealthCare and be part of the exciting innovation
the company is driving within the precision care space," said Saccaro. "This is an outstanding team with a clear strategic
vision, deep experience, and a commitment to financial discipline. I look forward to leading the finance organization as GE HealthCare
executes on its strategy of delivering profitable growth and value creation for shareholders."
About GE HealthCare Technologies Inc.
GE HealthCare is a leading global medical technology, pharmaceutical
diagnostics, and digital solutions innovator, dedicated to providing integrated solutions, services, and data analytics to make hospitals
more efficient, clinicians more effective, therapies more precise, and patients healthier and happier. Serving patients and providers
for more than 100 years, GE HealthCare is advancing personalized, connected, and compassionate care, while simplifying the patient's
journey across the care pathway. Together our Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics businesses help
improve patient care from diagnosis, to therapy, to monitoring. We are an $18.3 billion business with 50,000 employees working to create
a world where healthcare has no limits.
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