General Electric has confirmed plans to split the holding company into three public companies specializing in the aviation, healthcare and energy industries. The company will first spin off its medical division in early 2023, which will be called GE Healthcare and will trade on Nasdaq under the ticker GEHC. GE Renewable Energy, GE Power and GE Digital will then merge into one energy business called GE Vernova and spin it off in 2024. GE will then change its name to GE Aerospace and become an aviation-focused company.