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Product / Company Performance

Omar Ishrak to Retire as CEO of Medtronic -

Medtronic Chief Executive Officer Omar Ishrak announced his intention to retire in the beginning of 2Q20, following the end of the company’s fiscal year. At that time, he will become Executive Chairman of Medtronic (MDT). Geoff Martha, currently Executive Vice President of MDT’s Restorative Therapies Group (RTG), will assume the newly-created role of Medtronic President in 4Q19 and succeed Ishrak as CEO next year. Brett Wall, President of Medtronic’s Brain Therapies division, will succeed Martha as EVP and Group President of RTG. MDT’s board noted that Mr. Ishrak will approach the company’s mandatory executive officer retirement of 65 years of age next year. (Medtronic plc, 8/28/19)