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Medtronic Names New CEO and COO BY ARIELLA P. GOLOMB, MD, FEBRUARY 28, 2007

Following Biomet's appointment of Jeffery Binder as CEO, Medtronic today announced their own succession plans for CEO and COO.

In August, William A. Hawkins, III, will replace Arthur D. Collins, Jr. as president and CEO. Mr. Hawkins is currently Medtronic's president and COO, a role he has held since 2004. Previously, he was president of Medtronic’s Vascular business. Concurrently, Michael F. DeMane, current SVP and president of Europe, Canada, Latin America and Emerging Markets, will become COO. Prior to that role, Mr. DeMane served as president of Medtronic Spinal, ENT and Navigation. He is also a past president of Spinal Systems for Medtronic Sofamor Danek.

Mr. Collins will remain as a director and chairman of the board until August 2008, posts he's held since 2001 and 2002, respectively.

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