HomeAll NewsEducationTV
Equities & FundsCrypto & Digital AssetsAI & TechnologyBusiness & CorporateUS Politics & PolicyGeopolitics & Global RiskMacro, Rates & FXCommodities & EnergyEuropean Politics & MarketsAsia-PacificReal Estate & Property
Story archiveAll categories
← All Stories

GE HealthCare CFO Jay Saccaro to step down; company reports preliminary Q2 results

Created at 23 Jul · 8:41 PM1 source↑ Market-relevant
IN SHORT

GE HealthCare announced that Chief Financial Officer Jay Saccaro will resign to pursue an opportunity outside the medical technology industry. The company also reported preliminary second-quarter results, expecting revenue to increase 5.7% year-over-year and reaffirming its full-year forecast.

✉Newsletter

PiQ Daily

Pick your topics. Get only what matters, on your cadence.

Key Numbers

$5,295 millionpreliminary Q2 total revenue
5.7%expected year-over-year revenue increase
3.5%expected organic revenue growth
August 14Saccaro's last day

Who's Involved

Jay Saccaro
Chief Financial Officer of GE HealthCare, stepping down
George Newcomb
Interim Chief Financial Officer of GE HealthCare
GE HealthCare
Medical technology company
GE HealthCare CFO Jay Saccaro to step down; company reports preliminary Q2 results

↳ Why This Matters

The departure of a Chief Financial Officer can signal shifts in a company's financial strategy or stability, while preliminary results provide an early look at performance and future outlook, impacting investor sentiment.

Key facts

  • GE HealthCare CFO Jay Saccaro is stepping down to pursue an opportunity outside the medical technology industry.
  • George Newcomb has been appointed interim CFO.
  • Saccaro will remain with the company until August 14 to facilitate a smooth transition.
  • Preliminary Q2 revenue is expected to rise 5.7% year-over-year, or 3.5% organically.
  • The company reaffirmed its full-year financial guidance.
  • GE HealthCare announced that Chief Financial Officer Jay Saccaro will resign from his position to pursue an opportunity outside the medical technology industry. The company has named George Newcomb, its current controller and chief accounting officer, as interim CFO while it conducts a search for a permanent replacement. Saccaro is expected to remain with the company until August 14 to ensure a smooth handover of responsibilities.

    In addition to the leadership change, GE HealthCare reported preliminary results for the second quarter of 2026. The company anticipates total revenue of $5,295 million for the three months ended June 30, 2026, representing a 5.7% increase from the previous year. On an organic basis, revenue is expected to grow by 3.5%. The company also reaffirmed its full-year 2026 financial guidance, indicating confidence in its business momentum.

    Frequently asked questions

    George Newcomb, the current controller and chief accounting officer, has been named interim CFO.

    Jay Saccaro will remain with GE HealthCare through August 14, 2026.

    The company expects total revenue of $5,295 million, a 5.7% increase year-over-year, with organic revenue growth of 3.5%.

    What Happens Next

    01GE HealthCare to discuss full second quarter results on July 29, 2026.

    Get the newsletter.

    Pick the topics you actually care about. We'll email when there's news worth your time, on the cadence you choose. Cancel any time from your account.

    Cadence

    How It Developed

    GE HealthCare's Chief Financial Officer Jay Saccaro will step down.
    George Newcomb named interim CFO while the company searches for a permanent replacement.
    Saccaro will remain with the company through August 14 to assist with the handover.
    The company reported preliminary second-quarter results.
    GE HealthCare expects revenue to increase 5.7% from a year earlier, or 3.5% on an organic basis.
    The company reaffirmed its full-year forecast.
    Sponsored

    London Quick Take - 22 July - UK inflation softens, oil rises and chips rally ahead of Alphabet, Tesla earnings

    SAXO

    Sources

    T1
    GE HealthCare says CFO to step down, reports preliminary Q2 resultsReuters
    T2
    GE HealthCare announces CFO transition; reports preliminary second quarter 2026 financial results and reaffirms guidance reflecting business momentumbarchart.com
    T2
    GE HealthCare (Nasdaq: GEHC) Q2 revenue rises as CFO exitsstocktitan.net
    T2
    GE HealthCare CFO to Step Down; Q2 Revenue Up 5.7% | GEHC Stock Newsstocktitan.net

    Related Stories

    Mobileye founder Amnon Shashua plans to step down as CEO
    23 Jul · 10:51 AM
    Macquarie CEO Shemara Wikramanayake to retire Nov. 6; Greg Ward named successor
    22 Jul · 11:06 PM
    IATA names World Economic Forum's Saadia Zahidi as new chief
    23 Jul · 6:39 PM
    Infosys names veteran insider Ashiss Kumar Dash as next CEO
    23 Jul · 5:36 PM
    McCormick Plans London Listing After Unilever Foods Deal
    23 Jul · 10:36 AM