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Medtronic Chairman and CEO Bill Hawkins to Retire BY LAUREN UZDIENSKI, DECEMBER 20, 2010

Medtronic announced this morning that Chairman and CEO Bill Hawkins would retire on April 29, 2011, the end of the company's fiscal year. No successor has been named, and the company said Mr. Hawkins would stay with Medtronic through the transition period. An external search has been initiated.

Mr. Hawkins joined the company in 2002 and became president and chief operating officer in 2004. In August 2007, he was elected CEO, and he became Chairman of the Board in 2008.

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