This week merging device makers Covidien (NYSE:COV) and Medtronic (NYSE:MDT) jointly named more than 45 people to take an intimate interest in the companies’ high-profile integration.
The appointees (full list below) include employees from both sides who have been tasked with coordinating the finer points of the $43 billion mega-merger. The teams will tackle all specific functions and business areas under the supervision of the Joint Steering Committee, which is comprised of senior leaders from both Medtronic and Covidien.
The new "co-leader" teams have 4 over-arching goals: to preserve momentum at the companies, optimize operations, accelerate strategic ideas and innovation new models and solutions.
"The co-leaders from these teams will be accountable for developing detailed integration plans covering the functions and businesses of the combined company," according to a letter issued yesterday by integration leaders Geoff Martha of Medtronic and Bill Burke of Covidien. "Their focus will be to ensure the readiness of the new Medtronic when we begin operating as one company after the transaction closes."
The teams include:
Functional Team Leads
| Function | Medtronic | Covidien | ||
| Finance | Brenda Lovcik | Jennifer Hurley | ||
| Value Capture | Ross Allen | Steve Nee | ||
| Human Resources | Artie Miller | Sandra McNeill | ||
| Information Technology/Systems | Chris Campbell | Steve McManama | ||
| Operations-Manufacturing | Dave Montecalvo | Graham Phillips | ||
| Operations-Supply Chain | Shannon Crespin | Mark Keigwin | ||
| Operations-Sourcing/Procurement | TBD | David Wohler | ||
| Real Estate | Vicki Rasmusen | Ingrid Fenn | ||
| Shared Services | Vicki Rasmusen | Kevin O’Kelly-Lynch | ||
| Clinical/Medical Affairs | Kweli Thompson | Xavier Lefebvre | ||
| Health Economics and Reimbursement | Alex Clyde | Diana Bogard | ||
| Regulatory | Pat Shrader | Brian Barry | ||
| Quality | Vipul Sheth | Joe Sapiente | ||
| Legal, Compliance & Government Affairs | Neil Ayotte |
John Griffin |
||
| Audit | Steve Howarth | Steve Nee | ||
| Tax | Phil Albert | Eric Green | ||
| Treasury | Linda Harty | Greg Andrulonis | ||
| Business Development & Strategy | Chris Cleary | Amy Wendell | ||
| Growth Acceleration Team |
Sheri Dodd |
David Wang |
Business/Product Integration Team Leads
| Business/Product | Medtronic | Covidien | ||
| Covidien Group | TBD | Pete Wehrly | ||
| Peripheral Vascular | Mark Pacyna | Kim Cielecki | ||
| NeuroVascular | Todd Smalley | Earl Slee |
