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Medtronic operational headquarters in Fridley, Minnesota, a suburb of Minneapolis. Medtronic was founded in 1949 in Minneapolis by Earl Bakken and his brother-in-law, Palmer Hermundslie, as a medical equipment repair shop. [8] Bakken invented several medical technology devices that continue to be used around the world today. [citation needed]
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Winston Roger Wallin (6 March 1926 – 20 December 2010) was an American businessman and philanthropist. He served as chairman and chief executive officer of Medtronic from 1985-1991 [1] and as President and Chief Operating Officer of Pillsbury from 1977 to 1985. [2]
[1] [2] In 1989, he joined Medtronic as president and chief operating officer. [1] [2] He was elected chief executive officer in 1991 and chairman of the board in 1996. [1] [2] He was a professor at the Harvard Business School in Boston from 2004 to 2016 and is currently a senior fellow.
Medtronic: Healthcare Medical equipment Minneapolis: 1949 P A Mesaba Airlines: Transportation Airlines Eagan: 1944 Defunct 2012 P D Minco Products: Technology Electronic manufacturer Fridley: 1956 P A Minneapolis-Moline: Industrials Tractor and industrial machinery manufacturer Minneapolis: 1929 P D MOM Brands: Consumer goods Food products ...
Rebecca M. Bergman is an American chemical engineer and the 17th President [1] of Gustavus Adolphus College in St. Peter, Minnesota.She began her term in July 2014, and is the first woman to serve as President of the college, which was founded in 1862.
Medtronic at the time had 65% of the artificial pacemaker market. CPI was the first spin-off from Medtronic. It competition using the world's first lithium-powered pacemaker. Medtronic's market share plummeted to 35%. [4] [5] Founding partners Anthony Adducci, Manny Villafaña, Jim Baustert, and Art Schwalm, were former Medtronic employees ...
Post-World War II hospitals were just starting to employ electronic equipment, but did not have staff to maintain and repair them. Sensing an opportunity, with his brother-in-law, Palmer Hermundslie, he formed Medtronic (a portmanteau of "medical" and "electronic") in a small garage, primarily working with the University of Minnesota hospital.