New GE HealthCare (GEHC) CFO hired with multimillion pay deal
Rhea-AI Filing Summary
GE HealthCare Technologies Inc. appointed William (Bill) Grogan as Chief Financial Officer, effective September 14, 2026, succeeding the previously announced departure of Jay Saccaro. Interim CFO George Newcomb will cease serving in that interim role on that date and continue as Controller and Chief Accounting Officer.
Grogan joins from Xylem Inc., a global water solutions company with approximately $9 billion in revenue, where he has served as executive vice president and CFO since 2023 and helped integrate a $7.5 billion acquisition. His compensation package includes a $900,000 base salary, target annual bonus equal to 100% of base salary, annual LTI with a target grant date value of $3,300,000, a $550,000 cash sign-on payment, and a one-time sign-on RSU award with a grant date value of $4,000,000, plus an additional 2026 annual LTI award of $3,300,000.
The company describes itself as a leading global healthcare solutions provider with $20.6 billion in business and approximately 54,000 colleagues, focused on advanced medical technology, pharmaceutical diagnostics, and AI, cloud, and software solutions.
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Filing Explained
September 14, 2026 marks a planned CFO handoff, with interim coverage ending and the controller role continuing.
GE HealthCare has announced a future finance-leadership transition: William K. Grogan becomes CFO on
The disclosed equity compensation has future grant and vesting mechanics: the
The
The full offer letter remains pending and is expected to be filed with GE HealthCare’s 10-Q for the quarter ending
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
CFO base salary: $900,000
Target annual bonus: 100% of base salary
Annual LTI target value: $3,300,000
+5 more
8 metrics
CFO base salary
$900,000
Annual base salary for William Grogan under his offer letter
Target annual bonus
100% of base salary
Target annual bonus opportunity for William Grogan
Annual LTI target value
$3,300,000
Target grant date value of annual long-term incentive award for William Grogan
Cash sign-on payment
$550,000
Sign-on cash payment in consideration of forfeited 2026 bonus
Sign-on RSU award
$4,000,000
One-time sign-on equity award in restricted stock units for William Grogan
Additional 2026 LTI award
$3,300,000
2026 annual LTI award granted on September 14, 2026
Company business size
$20.6 billion
GE HealthCare described as a $20.6 billion business
Global workforce
54,000
Approximate number of GE HealthCare colleagues worldwide
Key Terms
restricted stock units, performance stock units, Change in Control Plan, Severance Plan, +1 more
5 terms
restricted stock units financial
"consisting of restricted stock units (“RSUs”) scheduled to vest 50% on the first"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
performance stock units financial
"50% performance stock units, earned based on GE HealthCare’s performance"
Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.
Change in Control Plan financial
"US Severance and Change in Control Plan for CEO and Leadership Team"
Severance Plan financial
"Non-Change in Control Good Reason termination, in each case as defined in the Severance Plan"
A severance plan is a company policy that spells out the pay, benefits and other support employees receive if their jobs are ended, voluntarily or involuntarily. For investors it matters because these plans create predictable cash costs and legal obligations—like a planned payout schedule or a shoe-box emergency reserve—and can signal how well management handles workforce changes, governance risk and future cash flow needs.
forward-looking statements regulatory
"This release contains forward-looking statements. These forward-looking statements might be identified"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FAQ
What executive leadership change did GEHC announce in this Form 8-K?
GE HealthCare Technologies Inc. announced that William (Bill) Grogan will become Chief Financial Officer effective September 14, 2026. He succeeds Jay Saccaro, while interim CFO George Newcomb will return full-time to his roles as Controller and Chief Accounting Officer.
What is the compensation package for new GEHC CFO William Grogan?
William Grogan’s package includes a $900,000 annual base salary, target annual bonus equal to 100% of base salary, and annual long-term incentive awards with a target grant date value of $3,300,000. He also receives a $550,000 cash sign-on payment and a $4,000,000 sign-on RSU award.
What additional long-term incentive awards will GEHC CFO William Grogan receive in 2026?
On September 14, 2026, William Grogan will receive a $3,300,000 2026 annual LTI award. It consists of 50% performance stock units, 25% restricted stock units, and 25% stock options, with vesting scheduled between 2027 and 2029 based on specified timelines and performance.
How is GEHC compensating William Grogan for incentives forfeited at his prior employer?
To offset forfeited incentives, William Grogan will receive a $550,000 cash sign-on bonus and a $4,000,000 one-time RSU award. The cash sign-on is subject to repayment in certain resignation or for-cause scenarios, and the RSUs vest in two annual tranches starting in 2027.
What prior experience does new GEHC CFO William Grogan bring to the role?
William Grogan served as executive vice president and CFO of Xylem Inc. since 2023 and as senior vice president and CFO of IDEX Corporation from 2017 to 2023. At Xylem, he helped integrate a $7.5 billion acquisition and supported strategy, margin expansion, and capital deployment.
How large is GE HealthCare Technologies Inc. as described in this disclosure?
GE HealthCare describes itself as a $20.6 billion business with approximately 54,000 colleagues worldwide. It focuses on advanced medical technology, pharmaceutical diagnostics, and AI, cloud, and software solutions across its Advanced Imaging Solutions, Pharmaceutical Diagnostics, and Patient Care Solutions segments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 13, 2026
(Exact name of registrant as specified in its charter)
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(Registrant’s telephone number, including area code) (833 ) 735-1139
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(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | ||||||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | ||||||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | ||||||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | ||||||||
Securities registered pursuant to Section 12(b) of the Act:
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| Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the Securities Exchange Act of 1934. | ||||||||
| Emerging growth company | ||||||||
| If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards pursuant to Section 13(a) of the Exchange Act. | ☐ | |||||||
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On August 13, 2026, the Board of Directors (the “Board”) of GE HealthCare Technologies Inc. (“GE HealthCare”) appointed William K. Grogan as Chief Financial Officer, effective September 14, 2026. George A. Newcomb, who currently serves as GE HealthCare’s interim Chief Financial Officer, will cease serving in that interim role on September 14, 2026, and will continue serving as GE HealthCare’s Controller and Chief Accounting Officer.
Mr. Grogan, age 48, has served as Executive Vice President and Chief Financial Officer of Xylem Inc., a global water solutions company, since October 2023. Previously, Mr. Grogan served as Senior Vice President and Chief Financial Officer of IDEX Corporation, a global engineered products company, from January 2017 until September 2023.
On August 13, 2026, the Talent, Culture, and Compensation Committee (the “Committee”) of the Board approved Mr. Grogan’s compensation after considering a variety of factors, including Mr. Grogan’s experience and skills, data and advice from its independent compensation consultant, the compensation Mr. Grogan will forfeit at his current employer, and GE HealthCare’s Total Rewards Philosophy.
Mr. Grogan’s offer letter provides for an annual base salary of $900,000, target annual bonus opportunity equal to 100% of base salary, an annual long-term incentive (“LTI”) award with a target grant date value of $3,300,000, and participation in GE HealthCare’s benefit plans, including its Retirement Savings Plan, Restoration Plan, and US Severance and Change in Control Plan for CEO and Leadership Team (the “Severance Plan”). In consideration of the 2026 annual bonus he will forfeit from his prior employer, Mr. Grogan will receive a cash sign-on payment equal to $550,000, subject to repayment if Mr. Grogan resigns on or before the two-year anniversary of its payment or in the event Mr. Grogan is found to have engaged in conduct that would give rise to a termination for cause. In consideration of the LTI he will forfeit from his prior employer that was granted prior to 2026, Mr. Grogan will receive a one-time sign-on equity award on September 14, 2026 with a grant date value equal to $4,000,000, consisting of restricted stock units (“RSUs”) scheduled to vest 50% on the first anniversary of the grant date and 50% on the second anniversary of the grant date, subject to pro-rata vesting upon termination by GE HealthCare without Cause or a Non-Change in Control Good Reason termination, in each case as defined in the Severance Plan. In consideration of the LTI he will forfeit from his prior employer that was granted in 2026, Mr. Grogan will receive a 2026 annual LTI award on September 14, 2026 with a grant date value equal to $3,300,000 and the terms will be consistent with the 2026 annual LTI awards provided to GE HealthCare’s executives earlier this year, consisting of (i) 50% performance stock units, earned based on GE HealthCare’s performance from January 1, 2026 through December 31, 2028 and scheduled to vest in the first quarter of 2029 after the Committee’s certification of performance results, and (ii) 25% RSUs and 25% stock options, in each case, scheduled to vest 33% on September 2, 2027, 33% on September 2, 2028, and 34% on September 2, 2029. As a condition to his employment, Mr. Grogan will enter into a GE HealthCare Protective Covenants Agreement and Employee Innovation and Proprietary Information Agreement.
There is no arrangement or understanding between Mr. Grogan and any other person pursuant to which he was selected as an officer. Mr. Grogan has no family relationships with any director or executive officer of GE HealthCare. There are no transactions or currently proposed transactions between Mr. Grogan and GE HealthCare that would be reportable under Item 404(a) of Regulation S-K.
A copy of GE HealthCare’s press release, dated August 18, 2026, announcing Mr. Grogan's appointment is attached hereto as Exhibit 99 and is incorporated herein by reference. The foregoing description of Mr. Grogan’s offer letter does not purport to be complete and is qualified in its entirety by reference to the full text of the offer letter, a copy of which will be filed as an exhibit to GE HealthCare’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2026 and which will be incorporated by reference herein.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit | Description | ||||
99 | Press release of GE HealthCare Technologies Inc., dated August 18, 2026. | ||||
104 | The cover page of this Current Report on Form 8-K, formatted in Inline XBRL. | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GE HealthCare Technologies Inc. | ||||||||
(Registrant) | ||||||||
Date: August 18, 2026 | /s/ Frank R. Jimenez | |||||||
| Frank R. Jimenez, General Counsel and Corporate Secretary (authorized signatory) | ||||||||
Exhibit 99
GE HealthCare appoints William Grogan as Chief Financial Officer
CHICAGO — August 18, 2026 — GE HealthCare (Nasdaq: GEHC), a leading global precision care innovator, today announced the appointment of William (Bill) Grogan as Chief Financial Officer, effective September 14, 2026. Grogan succeeds Jay Saccaro, who, as previously announced, stepped down for an expanded role outside of the medical technology industry. George Newcomb, who is serving as interim Chief Financial Officer, will continue in his role as Controller and Chief Accounting Officer.
Grogan joins GE HealthCare from Xylem Inc., a leading global water solutions company with approximately $9 billion in revenue, where he has served as executive vice president and chief financial officer since 2023. At Xylem, he partnered with the leadership team to execute a strategy to outpace market growth, significantly expanded margins, and simplified operations to fund investment in innovation and higher-growth digital and services offerings. Under his financial leadership, Xylem successfully integrated a $7.5 billion acquisition, delivering cost synergies well ahead of schedule, drove portfolio optimization, and strengthened capital deployment across the business.
Prior to Xylem, Grogan spent more than a decade at IDEX Corporation, a diversified global engineered products company delivering mission-critical solutions, including serving as senior vice president and chief financial officer from 2017 to 2023. As CFO, he helped reposition IDEX’s portfolio toward higher-growth markets, a strategy that supported a more than doubling of the company’s market capitalization, while delivering consistent margin expansion and disciplined capital deployment. Earlier in his career, Grogan held finance leadership positions at Walgreens, Crane Co., and Sears Holdings Corp.
"I am excited that Bill will serve as our CFO and help lead our next chapter of growth," said Peter Arduini, President and CEO, GE HealthCare. "He combines strong financial leadership with an operator's mindset, grounded in lean business systems and a clear focus on execution. Bill's capabilities will augment our strong leadership team as we advance our precision care strategy and create long-term value for our colleagues, patients, customers, and shareholders."
“GE HealthCare’s purpose of creating a world where healthcare has no limits, its commitment to patients, and the opportunity created by this new wave of innovation drew me to the company,” said Grogan. “I am excited to partner with Peter and the leadership team, spend time with our customers, and lead a finance organization that helps turn innovation into profitable growth and long-term value creation.”
Grogan serves on the Board of Directors and Audit Committee of Crane NXT and on the Advisory Council for the Girard School of Business at Merrimack College. He holds a Master of Business Administration from Northwestern University’s Kellogg School of Management and a bachelor’s degree in finance from Merrimack College.
Investor Relations Contact:
Carolynne Borders
+1 631 662 4317
carolynne.borders@gehealthcare.com
Media Contact:
Jennifer Fox
+ 1 414 530 3027
jennifer.r.fox@gehealthcare.com
Forward-looking statements
This release contains forward-looking statements. These forward-looking statements might be identified by words, and variations of words, such as “will,” “expect,” “may,” “would,” “could,” “plan,” “believe,” “anticipate,” “intend,” “estimate,” “potential,” “position,” and similar expressions. These forward-looking statements may include, but are not limited to, statements about Mr. Grogan’s anticipated contributions, the Company’s growth and strategy, and value creation. These forward-looking statements involve risks and uncertainties, many of which are beyond the Company’s control. Factors that could cause the Company’s actual results to differ materially from those described in its forward-looking statements include, but are not limited to, those described in Item 1A, “Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission and any updates or amendments it makes in future filings. There may be other factors not presently known to the Company or which it currently considers to be immaterial that could cause the Company’s actual results to differ materially from those projected in any forward-looking statements the Company makes. The Company does not undertake any obligation to update or revise its forward-looking statements except as required by applicable law or regulation.
About GE HealthCare Technologies Inc.
GE HealthCare is a leading global healthcare solutions provider of advanced medical technology, pharmaceutical diagnostics, and AI, cloud and software solutions that help clinicians tackle the world’s most complex diseases. Serving patients and providers for 130 years, GE HealthCare is delivering bold innovations designed for the next era of medicine across its Advanced Imaging Solutions, Pharmaceutical Diagnostics, and Patient Care Solutions segments to help clinicians deliver more personalized, precise patient care. We are a $20.6 billion business with approximately 54,000 colleagues working to create a world where healthcare has no limits.
GE HealthCare is proud to be among 2026 Fortune World’s Most Admired Companies™.
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