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Medtronic names GE health exec its new CEO

NEW YORK (Reuters) - Medtronic Inc <MDT.N> named a top executive of General Electric Co's <GE.N> healthcare division as its CEO and chairman, effective June 13.Omar Ishrak will succeed William Hawkins, whose intention to retire was announced by Medtronic in December, Medtronic said on Wednesday.Ishrak has been president and CEO of GE Healthcare Systems, a $12 billion division of GE Healthcare, where he has worked since 1995. The healthcare systems division's technologies include magnetic resonance imaging, ultrasound and molecular imaging.Separately, GE Healthcare named Tom Gentile, currently vice president of GE Aviation's Services division, as president of the Healthcare Systems division, replacing Ishrak.The appointment of a new CEO of Medtronic, the world's largest stand-alone medical device maker, has been closely watched by investors and analysts, some of whom have called for a break up of the company.Medtronic's announcement comes a day after rival device maker Boston Scientific...

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  1. Boston Scientific CEO to step down in December

    NEW YORK (Reuters) - Medical device maker Boston Scientific Corp <BSX.N> said on Tuesday that Chief Executive Ray Elliott will step down at the end of 2011 after a s...

  2. Boston Scientific to Pay $375M for Atritech

    Boston Scientific (NYSE:BSX) has inked a deal to acquire privately-held medical device maker Atritech for up to $375 million.Atritech has developed a novel device ca...

  3. Boston Scientific tells analysts better days ahead

    CHICAGO (Reuters) - Boston Scientific Corp <BSX.N>, which is reshaping itself as it sells off unprofitable businesses and buys new ones, gathered its top management ...

  4. Boston Scientific 3Q Tops Street, Boosts View

    Boston Scientific Corp. (NYSE:BSX) posted third-quarter results that beat estimates, and the company boosted its forecast to above estimates.The medical-device firm ...

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