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Medtronic CEO to stay on a little longer as search for successor continues

This article was originally published in Clinica

Executive Summary

Bill Hawkins is to remain CEO of Medtronic for longer than anticipated, as the company has yet to find a suitable replacement. In December, Mr Hawkins announced plans to retire from the post on 29 April, the close of the company's fiscal year (www.clinica.co.uk, 20 December 2010). At the time he said he would remain at the helm until his successor was appointed. However, this seems to have been more difficult than expected; Mr Hawkins said in a letter to employees dated 2 May that the firm's board is making "excellent progress; however, this process takes time and will extend into early FY12".

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