Medtronic plc is facing activist pressure from investors, leading to the appointment of an interim CEO, former CFO, and former CEO to the company board.
3 reports, 2 independent
Updated Aug 26
Gone quiet
Reached 2 outlets in its first 24 hours
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- 3
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- Repetition
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New informationRepeats or wire copies
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What happened
Medtronic plc is facing activist pressure from investors, leading to the appointment of an interim CEO, former CFO, and former CEO to the company board.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Medtronic appointed Dr. Joon Lee to its Board of Directors, whose qualifications include 25 years at UPMC, training at MGH, and certification by ABIM.Sub-event
Activist pressure forces Medtronic to appoint interim CEO, former CFO, and former CEO to the board.1 source
Elliott Investment Management agreed to expand Medtronic's board and focus on growth.1 source
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The entities involved
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Medtronic plc
medical device company
Related events
- Medtronic expands its Hugo system via investment and Jim Cramer views the company as a quandary stock.
- Medtronic plc, Intuitive Surgical, Inc., and Abbott Laboratories are leaders in medical device technology and are currently facing market valuation pressures.
- Medtronic plc is a global healthcare technology company headquartered in Galway, Ireland, with executives including Thierry Piéton and Greg Smith.
- Medtronic acquired Given Imaging, and the FDA published an early alert regarding a product recall.
- Stryker Corporation, Boston Scientific, and Medtronic plc are competing in the medical device market.
Coverage
Newest first; wire copies grouped- GuruFocus.comMedtronic Brings in Fresh Voices After Elliott Push This article first appeared on GuruFocus. Medtronic (MDT, Financials) just shook up its board and investors are watching closely to see if this mar
- Simply Wall St.A Fresh Look at Medtronic’s (MDT) Valuation Following Strategic Board Changes and Growth Initiatives If you own shares in Medtronic (MDT) or are curious about adding it to your portfolio, this past w
- Unknown outlet