GE HealthCare Names Ex-Baxter Finance Leader Jay Saccaro as New CFO

GE HealthCare has named former Baxter chief financial officer (CFO) James “Jay” Saccaro as its new vice president and CFO, succeeding Helmut Zodl who is staying with the company to lead special projects regarding separation from GE. The changes will take effect on June 1.
 
Saccaro joins GE HealthCare from Baxter, where he was the company’s executive vice president and CFO since 2015. Before Baxter, he was senior vice president and CFO at Hillrom.
 
Saccaro had previously served as Baxter’s corporate vice president and treasurer from 2011 to 2013. He joined the company in 2002 as manager of strategy for Baxter’s BioScience business and assumed positions of increasing responsibility over the years, including vice president of financial planning, and vice president of finance for operations in Europe, Middle East, and Africa.
 
Baxter announced Saccaro’s departure earlier today.
 
“I am excited that Jay has agreed to serve as our CFO, as our company executes on our strategic growth plan and achieves our purpose to create a world where healthcare has no limits and continues to deliver on our promises to customers and shareholders. Jay is a world-class CFO bringing deep knowledge of the medtech and bioscience industries to GE HealthCare, coupled with excellent strategic and operational skills and extensive experience in leading large global organizations,” GE HealthCare president and CEO Peter Arduini told the press. “I want to thank Helmut for his leadership during the leadup and spin-off from GE and for creating tremendous momentum that we will continue to build on under Jay.”
 
“I am thrilled to join GE HealthCare and be part of the exciting innovation the company is driving within the precision care space,” added Saccaro. “This is an outstanding team with a clear strategic vision, deep experience, and a commitment to financial discipline. I look forward to leading the finance organization as GE HealthCare executes on its strategy of delivering profitable growth and value creation for shareholders.”