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On August 28, 2019, Medtronic announced that Geoff Martha was appointed Medtronic President and a member of the Medtronic Board of Directors, effective November 1, 2019. Martha will succeed Omar Ishrak as CEO on April 27, 2020. Announcement can be seen here.
Geoff Martha is Executive Vice President and President of Medtronic’s Restorative Therapies Group (RTG) – one of four Medtronic business groups – with over $8B in annual revenue and approximately 14,000 employees worldwide. He also serves as a member of the company’s Executive Committee.
Geoff has global responsibility for RTG’s four divisions, which include Brain Therapies, Pain Therapies, Specialty Therapies and Spine. He provides overall strategic direction and operational management, as well as leads the integration of the group’s activities within the overall strategy of Medtronic. Previously, Geoff was Senior Vice President of Strategy and Business Development for Medtronic and had responsibility for leading the development of Medtronic's global strategic plan, business development and acquisition-integration.
As head of Strategy and Business Development, Geoff led the acquisition of Covidien, a $10 billion global manufacturer of surgical products and supplies. The acquisition of Covidien was the largest medical technology acquisition in the history of the industry. In July 2014, he was named Chief Integration Officer to lead the integration of Covidien into Medtronic.
Geoff serves as the Executive Sponsor of the African-Descent Network – an internal national resource group that focuses on recruitment, engagement, retention and development for Medtronic employees of African descent. An ardent supporter of Medtronic-sponsored philanthropic initiatives, Geoff also is a member of the Medtronic Foundation Board of Directors and serves as Medtronic’s Executive Sponsor to FIRST Robotics.
Prior to joining Medtronic, Geoff served as Managing Director of Business Development at GE Healthcare, where he was responsible for global business development, including acquisitions, divestitures, joint ventures and equity investments. In his 19-year career with GE, which included significant time with GE Capital, Geoff held several executive roles in business leadership, corporate development, strategic marketing, and sales management.
Passionate about socio-economic issues, Geoff serves on the boards of two Minneapolis-based nonprofit organisations: Children’s HeartLink and Northside Achievement Zone (NAZ). Children’s HeartLink provides access to care for children around the world with congenital heart defects. NAZ is a community collaborative that works to end generational poverty and build a culture of achievement in North Minneapolis so low-income children of colour graduate college and career-ready.
Geoff received a bachelor’s degree in Finance as a member of the Scholar’s Program from Pennsylvania State University. He graduated in 1992 with highest honours. Geoff was captain of the Penn State men’s hockey team and was later inducted into its Hockey Hall of Fame in 1998. The University awarded him the 2016 Penn State Hockey Distinguished Alumni Award.