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6 Questions Partners Have About GE Digital's Spin-Off

The spin-off of GE Digital into a standalone industrial IoT company raises new questions, including whether it will remain with GE long-term, what the company's new name will be and who will become the company's next CEO.

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The End Of Uncertainty Raises New Questions

General Electric made waves in the industrial Internet of Things market Thursday with the news that it plans to sell a majority stake in ServiceMax and spin off GE Digital into a standalone company.

The Boston-based company said GE Digital would remain under GE's ownership and operate independently, with its own equity structure and board of directors. Bill Ruh, who has been GE Digital's CEO since its inception in 2015, said he is stepping down. Steven Martin, chief digital officer of GE power, will serve as GE Digital's acting CEO, according to a GE spokesperson.

The news ended months of speculation about the future of GE Digital, which began in June when a report stated that GE was looking to sell key digital assets. However, partners still have big questions about what this latest development means for their relationships with GE Digital going forward.

 
 
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