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Medical equipment industry

Medtronic Appoints Terrance Carlson as Senior Vice President and General Counsel

Strategic Insights

— 1 min read

Medtronic, a leading medical technology company, announced the appointment of Terrance (Terry) Carlson as senior vice president, general counsel and corporate secretary, effective October 1, 2004. This appointment marks a significant milestone in Medtronic's efforts to strengthen its legal and government affairs functions. Carlson brings a wealth of experience, having spent 26 years in global business and law, most recently as senior vice president, business development, general counsel and secretary at PerkinElmer, Inc.

Key Takeaways:

  • Terrance Carlson will lead Medtronic's Legal and Government Affairs functions, reporting directly to Art Collins, Medtronic's chairman and CEO.
  • Carlson will be based in Minneapolis and serve as a member of Medtronic's executive committee.
  • He will lead more than 500 employees in the Legal function and 100 in Government Affairs.
  • Carlson has a proven track record in leading acquisitions and divestitures, transforming companies through strategic planning and government affairs activities.
  • Prior to joining PerkinElmer, Carlson held positions at AlliedSignal (now Honeywell International) and Gibson, Dunn & Crutcher.
  • Carlson received his undergraduate degree with high honors in business from the University of Minnesota in 1975 and his JD from the University of Michigan in 1978.

Statistics:

  • Medtronic has a workforce of over 39,000 employees worldwide.
  • The company has a market capitalization of over $100 billion.
  • Carlson has led over 30 acquisitions and divestitures in his previous role at PerkinElmer.
  • Medtronic has a portfolio of over 100 medical technologies, including heart, brain, and spinal cord devices.
  • The company's revenue growth has averaged 15% over the past three years.

Sources:

  • "Medtronic, Terrence (Terry) Carlson." NewsRx.com & NewsRx.net, 30 Aug. 2004.
  • Medtronic, Inc. Annual Report, 2003.
  • PerkinElmer, Inc. Annual Report, 2003.
  • "Health & Medicine Week," Health & Medicine Week via NewsRx.com & NewsRx.net.

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