Medtronic CEO steps down; new CEO takes on growth challenge


	Medtronic CEO steps down; new CEO takes on growth challenge

Hawkeye_84

8-22-2007 2:17 PM

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tags:

medical devices, medtronic, ceo

2 Comments |

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8-23-2007 3:59 PM

wurdzgurl

Wow NYTimes huh?

8-23-2007 4:21 PM

Hawkeye_84

Yes. There was a lot of angst over this story. The NYTimes is never really flattering toward corporate businesses.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e58f5558-dd87-4056-92fa-67d14fcf6428/88377D14-5C2D-4BE5-947B-2C9F189083D5/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.nytimes.com/2007/08/22/technology/22medtronic.html?_r=1&ref=business&oref=slogin" href="http://www.nytimes.com/2007/08/22/technology/22medtronic.html?_r=1&ref=business&oref=slogin" style="font-size: 11px;">www.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2007/08/22/technology/22medtronic.html?_r=1&ref=business&oref=slogin">When Arthur D. Collins Jr. steps down as chief executive of <A 
title="More information about Medtronic Inc." 
href="http://topics.nytimes.com/top/news/business/companies/medtronic_inc/index.html?inline=nyt-org">Medtronic</A> 
at the company’s annual meeting tomorrow, his successor, William A. Hawkins, 
will have plenty of reasons to praise and thank him. But many Medtronic 
shareholders may be happy to see Mr. Collins go.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2007/08/22/technology/22medtronic.html?_r=1&ref=business&oref=slogin"><div align="center"><img src="http://content8.clipmarks.com/blog_cache/www.nytimes.com/img/AC923176-BE26-4186-A822-33FCAAB6EBFB" alt="" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2007/08/22/technology/22medtronic.html?_r=1&ref=business&oref=slogin">Medtronic’s annual sales have more than doubled, to $12.3 billion, and earnings 
have surged to $2.41 a share from 85 cents. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2007/08/22/technology/22medtronic.html?_r=1&ref=business&oref=slogin">During Mr. Collins tenure the shares have underperformed</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2007/08/22/technology/22medtronic.html?_r=1&ref=business&oref=slogin">Medtronic, based in Minneapolis, has also enhanced its reputation for merging 
diverse technologies into new products.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.nytimes.com/2007/08/22/technology/22medtronic.html?_r=1&ref=business&oref=slogin">But Wall Street hopes Mr. Hawkins, 53, who has been president, chief operating 
officer and heir apparent since 2004, will have better luck with Medtronic’s 
stock </blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/88377D14-5C2D-4BE5-947B-2C9F189083D5/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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