Medtronic Appoints Kate Benedict as President of Acute Care and Monitoring Business

Medtronic, a global leader in medical technology, has announced the appointment of Kate Benedict as the new president of its Acute Care and Monitoring business. This strategic move comes as part of the company's ongoing efforts to strengthen its leadership team and consolidate its operations in the medical surgical portfolio.

Benedict Brings Extensive Healthcare Experience to Medtronic

Kate Benedict joins Medtronic with over 25 years of experience in the healthcare industry, spanning medical devices and pharmaceuticals. Her most recent role was as president of the global health solutions business at Flex, a manufacturing firm where she led a team serving medical equipment and medical device customers.

Benedict's impressive career includes executive positions at several prominent healthcare companies:

• General Manager of BD's vascular access and integrated diagnostic solutions businesses
• Executive roles at Novartis' eye care business, Alcon
• Leadership positions at Johnson & Johnson's surgical business, Ethicon

This wealth of experience positions Benedict well to lead Medtronic's Acute Care and Monitoring business, which plays a crucial role in the company's medical surgical portfolio.

Consolidation of Acute Care and Monitoring Business

Benedict's appointment comes in the wake of Medtronic's decision to consolidate its patient monitoring and respiratory businesses into a new acute care and monitoring unit. This move represents a significant shift from the company's previous plans to spin out these units.

As part of this restructuring, Medtronic has announced plans to:

1. Combine the patient monitoring and respiratory businesses into a single unit
2. Shut down its ventilator business
3. Reinvest the savings from the ventilator business closure into the new consolidated unit

This strategic realignment aims to streamline operations and focus resources on high-growth areas within the acute care and monitoring segment.

Leadership Transition in Acute Care and Monitoring

Benedict's appointment follows the departure of Frank Chan, the previous leader of the acute care and monitoring business. Chan, who announced his exit three months ago on LinkedIn, has since taken on the role of Chief Operating Officer at Haemonetics, a company specializing in devices for hospitals, plasma, and blood centers.

The leadership transition underscores Medtronic's commitment to bringing fresh perspectives and industry expertise to its executive team. Benedict's diverse background in healthcare, coupled with her experience in global health solutions, is expected to drive innovation and growth in the acute care and monitoring segment.