Medtronic CEO: ‘Our top priority is restoring our earnings power — full stop.’

Medtronic Chair and CEO Geoff Martha [Photo courtesy of Medtronic]Medtronic (NYSE: MDT) + Chair and CEO Geoff Martha focused on the push for profits at the world’s largest medical device manufacturer in his presentation at the J.P. Morgan Healthcare Conference today.

“Our top priority is restoring our earnings power — full stop,” he said, citing Medtronic’s recent reorganizations and changes to incentives, product approvals and launches, and new initiatives like the Medtronic AI Center of Excellence.

“We continue to be this mission-driven company that you know Medtronic to be and our customers and patients know Medtronic to be, but at the same time, performance driven,” he said. “You’ve got to be both. It’s not one without the other: no margin, no mission.”

Martha also offered details of Medtronic’s efforts to leverage its buying power and improve ef…

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