US – GE has announced appointment of Pete Arduini as president and Chief Executive Officer of GE Healthcare effective January 3, 2022.
Arduini will succeed Kieran Murphy who will continue to serve in his current role until the end of 2021 after which he will serve as a strategic advisor to GE before retiring from the Company.
Arduini joins GE from Integra LifeScience where he has served as president and CEO since January 2012.
Under his leadership, the Integra LifeSciences portfolio has evolved significantly to a faster growing and more profitable company through multiple acquisitions and a sustainable R&D pipeline, which resulted in global leadership positions in Neurosurgery and in Plastic and Reconstructive surgery.
During his tenure as CEO, the company consistently delivered double digit EPS growth as well as top line growth, doubled EBITDA and quintupled the company’s market value with total shareowner return outperforming many MedTech Peers and the S&P during his tenure.
Prior to Integra, Arduini worked at Baxter Healthcare as president of its $5 billion Medication Delivery Division with 20,000 employees and a diverse portfolio consisting of Medical Devices and Pharmaceuticals.
Before Baxter Healthcare, Arduini spent 15 years at GE Healthcare in a variety of leadership roles in the United States and globally, including leading the Computed Tomography & Molecular Imaging business, Healthcare Services and U.S. sales.
Incoming president and CEO of GE Healthcare Peter Arduini said, “GE Healthcare’s world-class portfolio and leadership in precision health positively impacts the lives of billions of patients worldwide. Also, the business’s global scale, technical and commercial capabilities, and growth potential as one of the world’s leading medical technology companies is compelling. I am thrilled to be rejoining GE and for the opportunity to work with GE Healthcare’s talented team.”
Arduini’s board memberships include Bristol-Myers Squibb Company, the Advanced Medical Technology Association and the National Italian American Foundation.
He also serves on the Board of Trustees of Susquehanna University where attained his bachelor’s degree from and later went to Northwestern University’s Kellogg School of Management for his masters degree.
Kieran Murphy, current president and CEO of GE Healthcare, is retiring from GE after 13 years at GE Healthcare and more than 32 years in the healthcare and life sciences industries.
Murphy will remain president and CEO of GE Healthcare until Arduini joins GE, at which point Murphy will serve as strategic advisor to Culp on GE’s precision health strategy, while also working closely with Arduini for a smooth and orderly transition.