Report: Longtime Medtronic CFO Ellis to retire

Medtronic (NYSE:MDT) reportedly hired a new finance chief from financial services company Comerica after the retirement of longtime CFO Gary Ellis.

The Fridley, Minn.-based medical device leviathan hired Karen Parkhill, Comerica’s CFO, to replace Ellis, the Wall Street Journal reported, citing “people familiar with the matter.”

Medtronic is likely to announce Parkhill’s appointment this week, they said, according to the newspaper. Dallas-based Comerica said yesterday that she resigned to pursue the proverbial “other opportunities.”

Parkhill’s resume includes a stint at J.P. Morgan Chase, including a spell in its investment bank.

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