Medtronic CFO Karen Parkhill Leaves for HP

Medtronic announced that Karen Parkhill will resign as the company’s executive VP and CFO to accept a role as CFO of HP Inc.

Parkhill will continue to serve as CFO until August 2. Gary Corona, senior VP of global financial planning and analysis will take over the role of interim CFO following her departure from Medtronic.

“On behalf of our employees, our executive committee and our board of directors, I want to thank Karen for her leadership over the last eight years. I am personally grateful to Karen for her support through my transition to CEO, navigating the pandemic and delivering a new operating model for the company. We wish her all the best as she takes on the next chapter of her career,” said Geoff Martha, Medtronic chairman and CEO. “Across the company, we’re building momentum with our innovation-driven growth strategy, and we remain focused and committed to delivering on our short- and longer-term financial objectives.”

“It has been a pleasure to serve Medtronic and our Mission for the last eight years,” added Parkhill. “I am grateful to have had the opportunity to lead the outstanding finance team at Medtronic, and I know they will continue to deliver on our commitments. I remain excited about the plans Medtronic has for the future, and most of all, the huge impact Medtronic technologies will have on the lives of patients around the world.”

The company also reaffirmed guidance for its Q1 and full fiscal year 2025.