General Electric, a multinational conglomerate company, completed the spin-off of GE Vernova, a publicly-traded energy technology company. Each shareholder received one share of GE Vernova for every four shares of GE owned. "Today’s announcement clears the way for the historic launches of GE Vernova and GE Aerospace, completing our transformation into three independent, investment-grade industry leaders. Beginning April 2, both companies will be fully independent, with GE Vernova positioned to lead the energy transition guided by Scott Strazik and his team, and GE Aerospace set up to define flight for today, tomorrow, and the future. We are all excited about the opportunity and the responsibility ahead of us," H. Lawrence Culp, Jr., GE Chairman and CEO.