I'm sure GE is aware of their own valuation and which divisions contribute the most. That means that, with their majority ownership of Arcam, they really are evaluating Arcam's performance closely.
I don't know the mechanisms by which GE might be manipulating Arcam's management or board. I think it's possible they want a CEO that has communication skills that appeal to a broader base. Magnus Rene has a Master's of Science degree in electrical engineering, and having personally spoken to him (about the share debacle and a little technology), he spoke like a member of the EE "tribe," not a member of the CEO tribe; he seemed immersed in the company and technology but not especially eager to articulate much that would appeal to a broader base.
I don't mean that in a negative sense because the results under his guidance have been stellar, especially research-wise, meaning, I'm not at all confident that anyone else would have been able guide the development of EBM as well as Rene has, at Arcam's stage of development under Rene, when research was so important.
My wild, low confidence, guess is that GE will want a manager from inside that comes from aviation or healthcare.
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