GE HealthCare CFO Change, Positive Outlook
GE HealthCare CFO Departs, George Newcomb Named Interim Amid Strong Q2 Results
Anonymous
Key Points
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Jay Saccaro’s background before GE HealthCare includes serving as CFO at Baxter for eight years and as SVP and CFO at Hillrom; he joined Baxter in 2002 as manager of strategy for its BioScience business, illustrating a long track record in senior finance roles across multiple medtech companies.
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George Newcomb brings more than 38 years of finance leadership experience, including extensive GE Capital roles such as Capital Planning and Finance Readiness Leader for GE Capital Americas, Controller of GECA, and CFO positions at Bank BPH, GE Capital Equipment Finance, and GE Capital Healthcare Financial Services; he is 59 years old.
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The Form 8-K filing formally confirms the transition: Saccaro notified GE HealthCare of his resignation on July 21, with his last day August 14, 2026; George Newcomb, age 59, was named interim CFO effective August 14 while continuing as Controller and Chief Accounting Officer, and a search for a permanent successor has commenced.
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Jay Saccaro expressed gratitude for his tenure, saying, "It has been a privilege to serve as GE HealthCare's CFO and lead its outstanding finance organization. I want to thank Peter, the Board, and my colleagues for their partnership over the past three years and I wish the company continued success."
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Peter Arduini, GE HealthCare's CEO, commented on the transition: "On behalf of the Board of Directors and executive team, I would like to thank Jay for his contributions over the past three years. He has played a key role in driving financial discipline and strategic investments aligned to our capital allocation strategy. We wish him success in his next endeavor."
GE HealthCare CFO Jay Saccaro is leaving the company on August 14, 2026, to pursue a role outside the medical technology industry, the company announced Yahoo Finance. George Newcomb, the company's long-serving Controller and Chief Accounting Officer, will step in as interim CFO while a permanent search gets underway.
The leadership change came alongside upbeat early financial news. GE HealthCare reported preliminary second-quarter 2026 results showing revenue growth of about 5.7% year over year, with diluted and adjusted earnings per share coming in ahead of prior forecasts MassDevice. The company also reaffirmed its full-year guidance.
Saccaro's Departure After Three Years at the Helm
Saccaro formally notified GE HealthCare of his resignation on July 21, 2026 Yahoo Finance. His last day will be August 14. He has not disclosed where he is going, only that the new role is outside medtech. He joined GE HealthCare roughly three years ago after eight years as CFO at Baxter and a stint as SVP and CFO at Hillrom.
CEO Peter Arduini thanked Saccaro for his work. "He has played a key role in driving financial discipline and strategic investments aligned to our capital allocation strategy," Arduini said MassDevice. Saccaro himself called his tenure "a privilege," thanking Arduini, the board, and his colleagues for their partnership.
George Newcomb Brings 38 Years of Finance Experience
Newcomb, 59, is not a new face at GE HealthCare Freedom 96.9. He has served as the company's Controller since 2016 and took on the Chief Accounting Officer title when GE HealthCare spun off from GE in 2023. He will hold both roles alongside the interim CFO job.
His broader career spans more than 38 years in finance. He has held CFO positions at Bank BPH, GE Capital Equipment Finance, and GE Capital Healthcare Financial Services Yahoo Finance. He also served as Controller of GE Capital Americas. That deep GE history gives him a strong grip on the company's financial structure from day one.
Q2 Results Show Momentum Despite Leadership Shift
GE HealthCare paired the CFO news with a positive financial update. Preliminary Q2 2026 results show revenue growth of roughly 5.7% compared to the same period last year MassDevice. Both diluted earnings per share and adjusted earnings per share came in ahead of what the company had previously forecast.
The company also stood by its full-year guidance, signaling confidence in its outlook Yahoo Finance. The timing of the results alongside the CFO announcement appears deliberate — a way to reassure investors that the finance team's work continues smoothly even as leadership transitions.
Permanent CFO Search Now Underway
GE HealthCare has launched a formal search for a permanent CFO to replace Saccaro Freedom 96.9. The company has not set a timeline for filling the role. Newcomb will hold down the fort until a successor is named, giving the search team room to find the right fit without rushing.
For investors, the key question is who comes next. The interim arrangement is stable — Newcomb knows the books inside and out. But a permanent hire will signal what kind of financial leadership GE HealthCare wants as it pushes for continued growth beyond its 2023 spin-off from GE MassDevice.
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