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Form 8-K · Current Report · Filed 2024-02-20

Medtronic Announces Executive Departure Due to Business Restructuring

Medtronic plc announced on February 20, 2024, that Robert J.

Filer
Medtronic plc MDT · NYSE
Filed
Accession
0001613103-24-000006
CIK
0001613103
Signal
Medium impactHealthcare

Details

White, Executive Vice President and President of its Medical Surgical Portfolio, will leave the company effective April 26, 2024. This departure is a result of the company's decision to wind down and exit the ventilator business and consolidate its Patient Monitoring and Respiratory Interventions operating units into a single unit.

Items reported

Item 2.02

Results of Operations and Financial Condition

General Statement
Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

President Resignation
Item 9.01

Financial Statements and Exhibits

No viable tag

Market reaction

Close before filing

$84.42

Next session

+1.8%

Since filing

+1.1%

Latest close

$85.39

What happened, not what will happen — closing prices around the filing date.

Exhibits (1)

About Medtronic plc

Medtronic plc is a leading global healthcare technology company that designs, manufactures, and sells innovative medical devices and therapies used in various medical procedures. The primary function of Medtronic is to improve healthcare outcomes by providing advanced therapeutic solutions. Its extensive product portfolio includes cardiac and vascular devices, diabetes-related products, minimally invasive therapies, and neurosurgical technologies. Medtronic plays a vital role in the medical device industry, catering to cardiovascular treatment, advanced diabetes management, spinal and musculoskeletal therapy, and more. Notably, the company is renowned for its pacemaker technology and is a pivotal player in cardiac care. The company's innovations significantly impact the healthcare sector by enhancing the quality of life for patients worldwide and improving the effectiveness of medical treatments. As a key player in the medical device market, Medtronic is instrumental in setting industry standards and advancing medical technology through continuous research and development. Founded in 1949 and headquartered in Dublin, Ireland, Medtronic's global presence underscores its substantial contribution to the healthcare industry across various continents.

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