Medtronic Mines GE For New Chief; Omar Ishrak Starts In June
This article was originally published in The Gray Sheet
Medtronic's incoming CEO has run a similarly sized medical technology business in terms of sales for the past two years, albeit with a focus on diagnostic and monitoring tools rather than therapeutic technologies.
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Ishrak will remain with the company as executive chairman. Geoff Martha, the current head of Medtronic’s restorative therapies group, will become president on 1 November and CEO in April 2020. Brett Wall, the current lead of the brain therapies business, will head the restorative therapies group.
Medtronic CEO speaks on the need for new health care delivery models to serve the "bottom billion" in developing countries.
Medtronic's growth acceleration plan calls for optimizing its research and development investments, accelerating globalization efforts, and improving execution of all initiatives, according to newly installed CEO Omar Ishrak