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Medtronic appoints new Operating Unit Presidents

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Medtronic announced key leadership transitions for its Diabetes, Surgical Robotics, and Cardiac Rhythm Management units as of March 17, 2022. Que Dallara joins as EVP & President, Diabetes, leveraging her experience from Honeywell and Microsoft. Mike Marinaro steps in as President, Surgical Robotics, after leading a $4 billion annualized revenue segment. Dr. Kweli Thompson takes the role of President, Cardiac Rhythm Management, aiming to enhance growth and profitability. These changes are expected to strengthen Medtronic's market position and attract world-class talent.

Positive
  • Que Dallara brings extensive leadership experience from Honeywell, enhancing the Diabetes unit.
  • Mike Marinaro has a proven track record with $4 billion revenue in Cardiac Rhythm Management and innovation in Surgical Robotics.
  • Dr. Kweli Thompson's prior success in Cardiac Rhythm Management could accelerate business growth.
Negative
  • Transition periods may lead to temporary disruptions in leadership effectiveness.
  • The planned sabbatical of Megan Rosengarten could impact continuity in Surgical Robotics leadership.
  • Que Dallara joins as EVP & President, Diabetes
  • Mike Marinaro named President, Surgical Robotics
  • Dr. Kweli Thompson named President, Cardiac Rhythm Management

DUBLIN, March 17, 2022 /PRNewswire/ -- Medtronic plc (NYSE:MDT), a global leader in healthcare technology, today announced leadership transitions for three of its Operating Units – Diabetes, Surgical Robotics, and Cardiac Rhythm Management – bringing in critical skills and capabilities and creating opportunities for internal talent.

"The future of medical technology requires strong leadership in data science, artificial intelligence, and robotics, all of which make these three Operating Unit President roles some of the most important and dynamic leadership opportunities in our industry," said Geoff Martha, Medtronic chairman and chief executive officer. "These appointments not only strengthen our businesses and build our technology expertise; they also further establish Medtronic as a destination for world-class talent."

Que Dallara joins as Executive Vice President and Operating Unit President, Diabetes
Que Dallara joins the Medtronic Executive Committee reporting to Chairman and CEO Geoff Martha on May 2, 2022. Dallara comes from Honeywell where she served as President and CEO of Honeywell Connected Enterprise, and earlier as SVP and chief commercial officer. She also held general manager and strategy roles at TE Connectivity Ltd. and Microsoft, after working at McKinsey in her early career.

Experienced in new product development and commercialization, Dallara has managed robust product portfolios, led end-to-end R&D innovation, and business development initiatives that strengthened organic and inorganic company growth. She will bring unique and meaningful perspective and experiences to the Diabetes business and Medtronic Executive Committee.

In this role, Dallara succeeds Sean Salmon, executive vice president and president, Cardiovascular Portfolio and Diabetes Operating Unit, who now turns to focus exclusively on leading the Cardiovascular Portfolio. Salmon will ensure continuity and support Dallara's transition into the Diabetes business. He continues as a member of the Medtronic Executive and Capital Allocation Committees, helping to lead the company's enterprise strategy.

Mike Marinaro named Operating Unit President, Surgical Robotics
Marinaro joins the Medical Surgical Portfolio leadership team reporting to Executive Vice President and President, Bob White. Marinaro is a seasoned leader with more than 20 years of experience and success at Medtronic. Previously, he led the Cardiac Rhythm Management Operating Unit with annualized revenue of more than $4 billion. Under Marinaro's leadership, the business launched and scaled the Micra leadless pacemaker product line to more than $400 million annualized revenue.

Marinaro is known for his strong focus on innovation, commercialization, and scaling businesses and building inclusive work environments - ideal attributes to help continue Surgical Robotics' growth trajectory.

Marinaro succeeds Megan Rosengarten, who is taking a planned six-month sabbatical to spend more time with her family with the full support of Medtronic. Rosengarten has successfully led the Surgical Robotics business for the past four years, steering the Hugo RAS System from early development to commercialization, and leading the acquisition of the Digital Surgery business.

Dr. Kweli Thompson named Operating Unit President, Cardiac Rhythm Management
Dr. Thompson joins the Cardiovascular Portfolio leadership team reporting to Salmon. Dr. Thompson is an accomplished medical technology leader with two decades of experience in business development, clinical research, product marketing, and general management. Dr. Thompson is known for accelerating performance, growth, and profitability. Previously, as vice president and general manager of the Cardiac Resynchronization and Defibrillation Solutions businesses, a part of Cardiac Rhythm Management, he led Defibrillation Solutions to the highest market share in three years and the highest Cardiac Resynchronization Therapy market share in more than a decade.

About Medtronic
Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people across 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for our world. In everything we do, we are engineering the extraordinary. For more information on Medtronic (NYSE:MDT), visit www.Medtronic.com, and follow @Medtronic on Twitter and LinkedIn.

Any forward-looking statements are subject to risks and uncertainties such as those described in Medtronic's periodic reports on file with the Securities and Exchange Commission. Actual results may differ materially from anticipated results.

 Contacts:




Erika Winkels             

Ryan Weispfenning

Public Relations         

Investor Relations

+1-763-526-8478       

+1-763-505-4626

Que Dallara

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SOURCE Medtronic plc

FAQ

What leadership changes did Medtronic announce on March 17, 2022?

Medtronic appointed Que Dallara as EVP & President, Diabetes; Mike Marinaro as President, Surgical Robotics; and Dr. Kweli Thompson as President, Cardiac Rhythm Management.

Who is Que Dallara and what is her role at Medtronic?

Que Dallara joins as EVP & President, Diabetes, bringing experience from Honeywell and Microsoft.

What experience does Mike Marinaro bring to his new role?

Mike Marinaro has over 20 years at Medtronic and previously led the Cardiac Rhythm Management unit with significant revenue contributions.

What potential impact do the leadership changes have on Medtronic's operations?

These leadership changes are intended to strengthen Medtronic's market position and enhance growth by leveraging the new leaders' expertise.

What role does Dr. Kweli Thompson have at Medtronic?

Dr. Kweli Thompson is the new President of Cardiac Rhythm Management, focusing on accelerating performance and growth.

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