General ElectricLarry Culp CEO, Tuesday said that although management is quick to divide into three different companies it will still be focused on the right way of doing things.

The industrial giant announced earlier in the day that it would break up into three businessesThe focus was on energy, aviation and health care. Morning trading saw shares rise by 6% due to the news.

Culp stated on CNBC that “We know from looking at spins other than ours that the focus is and accountability always increases.” “Squawk on the Street.”We believe we can also have a sharper capital allocation, and more strategic flexibility.

After spinning off the health care unit in the early 2023s and the energy unit in the early 2024s, the GE name for the aviation business will remain intact. Culp said to CNBC’s David Faber the health-care division is the first unit that will be spun off, as the company retains some of its preparation from years ago when the division was considered for an initial public offer.

Tuesday also saw GE announce that by December 31, it would have paid off $75 billion worth of debt from the peak in 2018, according to Culp. Culp indicated that debt repayments made it possible.

Culp said that while the aviation sector is recovering from the pandemic, the health-care industry is experiencing backlogs.

He said, “All things considered, we can’t complain about the demand environment.”

Wall Street analysts, investors, and some of the stock’s shareholders have been calling for its dissolution for several years. Over the past 20 years, the stock’s performance against the market has been poor. Culp says that spinoffs can also have the advantage of having investor bases better targeted at those three business segments.

Under Culp, GE has been selling off parts of the company — like its home appliance business and its embattled financial services arm — in an effort to simplify its business. Culp will continue to hold the title of chairman and CEO until the energy division is sold off. He will then become the head of the airline business. Culp will continue to serve as non-executive chair of the Health-Care business following its spinoff.

Culp indicated that GE will continue to update investors and employees throughout the process.

Culp stated, “There are many more questions than there are answers today.”