A little over a year ago, Medtronic brought in a complete outsider to reinvigorate a company whose biggest divisions were slowing down.
Omar Ishrak is known for having engineered a small miracle at GE when Jack Welch installed him to run the ultrasound division in the company. Ishrak transformed the business — a business that in Welch’s words had some “false starts” — into a billion-dollar operation thereby catapulting himself into the topmost ranks of the company. And the world, including Medtronic’s board of directors, noticed.
On July 11, an executive who follows Ishrak tweeted the following:
Today, Ishrak responded to Altraif’s tweet like this:
It might take a while to bring about such a major turnaround at the world’s largest medical device company. Yet, Ishrak can take heart in the fact that, at least from a vision perspective, Medtronicappears to be headed the right way.
By Arundhati Parmar
Arundhati Parmar is the Medical Devices Reporter at MedCity News. She has covered medical technology since 2008 and specialized in business journalism since 2001. Parmar has three degrees from three continents - a Bachelor of Arts in English from Jadavpur University, Kolkata, India; a Masters in English Literature from the University of Sydney, Australia and a Masters in Journalism from Northwestern University in Chicago. She has sworn never to enter a classroom again.More posts by Author
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