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 global water solutions company with approximately $9 billion in revenue, where he has served as executive vice president and chief financial officer since 2023. 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, according to the GE HealthCare news release out yesterday.
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,” President and CEO Peter Arduini said in the news release. “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,” Grogan said in a press release. “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 an MBA from Northwestern University’s Kellogg School of Management and a bachelor’s degree in finance from Merrimack College.
Grogan’s appointment follows a string of leadership changes at the company. On April 29, GE HealthCare announced changes to its operations and executive leadership team aimed at simplifying operations and accelerating growth. The company appointed Phil Rackliffe as president and CEO of Advanced Imaging Solutions, combining its Imaging and AVS businesses into a single segment worth $14.6 billion. Roland Rott, president and CEO of Imaging, left the company to pursue other opportunities.
GE HealthCare also named Catherine Estrampes as chief commercial and growth officer and said Elie Chaillot, previously president and CEO of Europe, the Middle East and Africa (EMEA) and Rest of World, was taking on a strategic role focused on high-priority initiatives and special projects for the company.
