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This article was originally published in The Gray Sheet

Executive Summary

Chief Operating Officer Arthur Collins, 45, joins board of directors, filling a vacancy created by the retirement of company founder Earl Bakken, the company announces at its annual shareholders meeting on Aug. 31. Bakken, 70, will assume the title of founder and director emeritus. Collins, who previously worked at Abbott Labs, joined Medtronic as executive VP and President of Medtronic International in 1992 and was promoted to COO in January 1994. Collins also will serve as interim president of the Cardiac Surgery business beginning Oct. 1 in anticipation of the retirement of Senior Vice President and President-Cardiac Surgery Willard Lewis, 63, on Oct. 31. Lewis joined Medtronic in 1989 as VP and general manager-cardiopulmonary after having served first as a consultant during Medtronic's acquisition of Johnson & Johnson Cardiovascular in 1987

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