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The biggest medtech personnel moves so far in 2022

In the ever-changing world of medtech, those who are leading the companies are bound to move around a bit.

At the end of last year, we compiled a list of medtech’s biggest personnel changes in 2021. Throughout just over half of 2022, we’ve already seen a slew of major moves around some of the space’s most powerful players.

Here is a list of some of the biggest personnel changes in medtech so far in 2022:

3M’s healthcare president retires 3M Health Care Business Group President Mojdeh Poul [Image courtesy of 3M]Mojdeh Poul, the president of 3M’s healthcare business, announced in May that she would retire from the position and her retirement was made effective on July 1.

Poul joined 3M in 2011 as the global business VP of critical and chronic care solutions. She later became VP and general manager of the company’s food safety business and president of numerous 3M divisions, including infection prevention, 3M Canada, and sa…

3M Health Care Business president is leaving this year

3M Health Care Business Group President Mojdeh Poul [Image courtesy of 3M]3M Health Care Business Group President Mojdeh Poul will retire from the company on July 1, 2022.

Poul joined Maple Grove, Minnesota-based 3M (NYSE:MMM) in 2011 as the global business VP of critical and chronic care solutions.

She later became VP and general manager of the company’s food safety business and president of numerous 3M divisions, including infection prevention, 3M Canada, and safety and graphics.

Get the full story at our sister site, Medical Design & Outsourcing.

3M Health Care Business president is leaving this year

[Image courtesy of 3M]

3M today announced that its Health Care Business Group President Mojdeh Poul will retire from the company on July 1, 2022.

Poul first joined the Maple Grove, Minnesota-based company in 2011 as the global business VP of critical and chronic care solutions. She later became VP and general manager of the company’s food safety business and president of numerous 3M divisions, including infection prevention, 3M Canada, safety and graphics and healthcare.

As a result of her retirement, 3M named Jeff Lavers as her interim replacement, according to an SEC filing. Lavers is the company’s group president of consumer business and will lead the health care group on an interim basis while the company conducts a comprehensive search for a new group president.

Prior to his consumer business group role, Lavers led 3M’s automotive and aerospace solutions divisions in the tra…

3M beats inflation with price hikes

Manufacturers everywhere are feeling pressure from inflation due to continued material shortages, rising logistics costs and a red-hot labor market.

Maplewood, Minnesota-based 3M (NYSE:MMM) is no exception, but CEO Mike Roman said his team is seeing results from a tried-and-true solution.

“We continue to navigate global supply chain disruptions, which have been amplified by recent geopolitical unrest,” Roman said on today’s conference call to discuss the company’s first-quarter financial and operating results. “We are doing whatever is necessary to take care of customers, while managing extended lead times and elevated inventory levels. At the same time, we have continued to drive strong pricing to offset inflation.”

3M developed new pricing tools last year and is “rolling out tools that model price realization, leakage and elasticity,” said 3M CFO Monish Patolawala, who also serves as EVP and chief transformation officer.

Get the…

3M beats inflation with price hikes

Manufacturers everywhere are feeling pressure from inflation due to continued material shortages, rising logistics costs and a red-hot labor market.

Maplewood, Minnesota-based 3M (NYSE:MMM) is no exception, but CEO Mike Roman said his team is seeing results from a tried-and-true solution.

“We continue to navigate global supply chain disruptions, which have been amplified by recent geopolitical unrest,” Roman said on today’s conference call to discuss the company’s first-quarter financial and operating results. “We are doing whatever is necessary to take care of customers, while managing extended lead times and elevated inventory levels. At the same time, we have continued to drive strong pricing to offset inflation.”

3M developed new pricing tools last year and is “rolling out tools that model price realization, leakage and elasticity,” said 3M CFO Monish Patolawala, who also serves as EVP and chief transfo…

3M Health Care leads the way in Street-beating Q1

3M (NYSE: MMM) today reported first-quarter results that beat the consensus forecast on Wall Street, with Health Care turning in the best performance among the industrial conglomerate’s businesses.

Maplewood, Minnesota–based 3M earned nearly $1.3 billion, or $2.26 per share, off $8.8 billion in sales for the quarter ended March 31, 2022, with the bottom and top lines down 20.0% and 0.2%, respectively.

Adjusted to exclude one-time items, earnings per share were $2.65, 34¢ ahead of The Street, where analysts were looking for EPS of $2.31 on sales of $8.74 billion.

Get the full story on our sister site MassDevice.

3M Health Care leads the way in Street-beating Q1

3M (NYSE: MMM) today reported first-quarter results that beat the consensus forecast on Wall Street, with Health Care turning in the best performance among the industrial conglomerate’s businesses.

Maplewood, Minnesota–based 3M earned nearly $1.3 billion, or $2.26 per share, off $8.8 billion in sales for the quarter ended March 31, 2022, with the bottom and top lines down 20.0% and 0.2%, respectively.

Adjusted to exclude one-time items, earnings per share were $2.65, 34¢ ahead of The Street, where analysts were looking for EPS of $2.31 on sales of $8.74 billion.

“In a challenging global environment, 3M delivered a strong start to 2022 with solid growth, operating margins, and robust cash generation,” 3M CEO Mike Roman said in a news release.

Roman later said: “We continue to prioritize actions to better serve our customers while managing supply chain and inflationary challenges. Our balance sheet remains strong, and we cont…

3M launches 21-day adhesive skin tape for medical devices

3M Medical Tape 4576 [Photo courtesy of 3M]3M (NYSE:MMM) today launched an adhesive tape that can be used to secure medical devices to a patient’s skin for up to 21 days.

Maplewood, Minnesota-based 3M said its 3M Medical Tape 4576 is flexible, conformable and offers “excellent adhesion to the skin,” making it ideal for devices that need continuous extended wear both in and out of care facilities.

“People deserve to live active lives without their condition — or a device meant to monitor it — getting in the way,” 3M Medical Solutions Division VP Marcello Napol said in a news release. “Adhesives are more than a simple material. They have the potential to unlock longer wear times, slimmer device profiles and more. We’re excited about 3M Medical Tape 4576 and what it can offer device developers and real-time, proactive health monitoring as a whole.”

Get the full story at our sister site, Medical Design & Outsourcing.

3M launches 21-day adhesive skin tape for medical devices

3M Medical Tape 4576 [Photo courtesy of 3M]

3M (NYSE:MMM) today launched an adhesive tape that can be used to secure medical devices to a patient’s skin for up to 21 days.

Maplewood, Minnesota-based 3M said its 3M Medical Tape 4576 is flexible, conformable and offers “excellent adhesion to the skin,” making it ideal for devices that need continuous extended wear both in and out of care facilities.

“People deserve to live active lives without their condition — or a device meant to monitor it — getting in the way,” 3M Medical Solutions Division VP Marcello Napol said in a news release. “Adhesives are more than a simple material. They have the potential to unlock longer wear times, slimmer device profiles and more. We’re excited about 3M Medical Tape 4576 and what it can offer device developers and real-time, proactive health monitoring as a whole.”

The…

How medtech and pharma are responding to Russia’s invasion of Ukraine

[Image from Pixabay]

Medtech and pharma companies continue to support Ukraine relief efforts following Russia’s invasion.

Previously, the World Health Organization announced that it was sending “essential medical supplies” to Ukraine — including its first shipment of 36 metric tons of supplies for trauma care and emergency surgery and other health supplies — to meet the needs of more than 150,000 patients. Medical device and pharmaceutical companies have taken various actions for support efforts, ranging from matching employee contributions and sending supplies to suspending operations in the region.

Get the full running list of life science companies and their efforts on Medical Design & Outsourcing.

How medtech and pharma are responding to Russia’s invasion of Ukraine

[Image from Pixabay]Medtech and pharma companies continue to support Ukraine relief efforts following Russia’s invasion.

Previously, the World Health Organization announced that it was sending “essential medical supplies” to Ukraine — including its first shipment of 36 metric tons of supplies for trauma care and emergency surgery and other health supplies — to meet the needs of more than 150,000 patients. Medical device and pharmaceutical companies have taken various actions for support efforts, ranging from matching employee contributions and sending supplies to suspending operations in the region.

Get the full running list of life science companies and their efforts on Medical Design & Outsourcing.

How medtech and pharma are responding to Russia’s invasion of Ukraine

[Image from Pixabay]

Medtech and pharma companies continue to support Ukraine relief efforts following Russia’s invasion.

Previously, the World Health Organization announced that it was sending “essential medical supplies” to Ukraine — including its first shipment of 36 metric tons of supplies for trauma care and emergency surgery and other health supplies — to meet the needs of more than 150,000 patients. Medical device and pharmaceutical companies have taken various actions for support efforts, ranging from matching employee contributions and sending supplies to suspending operations in the region.

Below is a running list of life science companies and their efforts. This is a developing story and will be updated as companies release information.

3M: Suspending all business in Russia.

Abbott: Donating $2 million to humanitarian organizations to support Ukraine and refugees; donating …