Medtronic (NYSE: MDT) 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. (NYSE: HPQ) 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 (NASDAQ: GEHC) between 2001 and 2004.
Jennifer Tacker is a staff writer at ABBO News. She holds a B.A. from the University of Waterloo and a B.Ed from Western University. Jennifer has been active in the stock market and crypto sector for a decade. She specializes in technical analysis and trading strategies. Read Full Bio
