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Medtronic's original headquarters in St. Anthony, Minnesota. The company expanded through the 1950s, selling equipment built by other companies but also developing custom-made devices. Bakken built a small pacemaker that could be strapped to the body and powered by batteries. Work in the new field later produced an implantable pacemaker in 1960.
As a boy, Bakken was inspired by the combination of electricity with medicine in Mary Shelley's novel Frankenstein, and the subsequent 1931 film version starring Boris Karloff was a direct inspiration for his future work, including his improvements to the pacemaker (the first to be battery-powered and wearable) and founding Medtronic.
[1] [2] In 1989, he joined Medtronic as president and chief operating officer. [1] [2] He was elected chief executive officer in 1991 and chairman of the board in 1996. [1] [2] He was a professor at the Harvard Business School in Boston from 2004 to 2016 and is currently a senior fellow.
Gary Corona will continue as interim CFO until Piéton joins Medtronic. Since 2022, Piéton has served as CFO of Renault, No. 60 in the Fortune 500 Europe, one of the oldest and most prominent car ...
For not just years but decades, Medtronic (NYSE: MDT) has proven to be a reliable dividend growth stock to own. Let's take a closer look at whether Medtronic's dividend is safe and if you can ...
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