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Benzinga
Benzinga
Business
Vandana Singh

Medtronic Lifts Annual Outlook, Appoints New Directors In Post-Elliott Strategic Shift

Chicago,,Illinois,,Usa,,Aug,31,,2023,,Medtronic,Tech:,A,Symbol

Medtronic plc (NYSE:MDT) announced key board appointments on Tuesday, naming John Groetelaars and Bill Jellison as independent directors, effective immediately. This move comes shortly after Elliott Investment Management became the company’s largest shareholder.

The company also unveiled its new Growth Committee, tasked with overseeing the evaluation and execution of strategic M&A, R&D investments, and potential divestitures, including the planned separation of its Diabetes business.

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