(Reuters) – Medtronic will appoint Renault’s finance chief Thierry Pieton as its chief financial officer effective March 3, the medical device maker said on Tuesday.
Pieton will succeed Gary Corona, who has been serving as interim CFO, after Medtronic’s previous CFO Karen Parkhill jumped ship to join HP Inc in June last year.
Parkhill’s exit came months after Medtronic, as part of a turnaround, decided to exit its unprofitable ventilator product line within its patient monitoring and respiratory interventions (PMRI) business.
Under Pieton’s leadership, Renault has reported sales growth in the last two years, outperforming larger European rival Volkswagen in 2024 with a small rise in volumes.
Pieton has previously worked as an executive at U.S.-based GE Healthcare between 2001 and 2004.
(Reporting by Christy Santhosh in Bengaluru; Editing by Eileen Soreng and Janane Venkatraman)
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