CEO Geoff Martha says Medtronic‘s ongoing corporate restructuring will position the company to compete better with medical device rivals, freeing the front-line forces from earlier entanglements. But the change will also create new opportunities for Medtronic employees at the company and elsewhere.
In a far-ranging interview with the DeviceTalks Weekly podcast, Martha reviewed the company’s strong third quarter-results and spoke of the programs giving him the most optimism. (Here are five things that make Martha especially optimistic about Medtronic’s future.)
He also updated listeners on the reorganization plan that created 20 semi-autonomous operating units.
“We took out over two layers of the company, which helps with our agility,” Martha said. “The dust is settling. But this operational model is much broader than structural things. This is like going from mainframe to PC, but we still have to rewrite the software.”
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