Medtronic (NYSE: MDT) announced that Gregory L. Smith, EVP, enterprise operations, notified the company of his decision to retire.
Smith plans to retire effective Dec. 2, 2025, according to an SEC filing from Medtronic dated Nov. 3, 2025. According to the filing, he told the company of his decision on Nov. 1.
Following his retirement from Medtronic, Smith intends to join an unnamed private equity-held organization. As of that date, he will be eligible for retirement treatment of his outstanding equity compensation. Retirement treatment of equity includes the acceleration of unvested stock options and continued vesting of restricted stock units (RSUs) and performance stock units (PSUs).
Medtronic did not reveal any further details on Smith’s retirement, his intended destination or any succession plans.
Smith joined Medtronic in 2021 as EVP of global operations and supply chain. He came to Medtronic after a stint as EVP of U.S. supply chain for retail giant Walmart. There, he developed and implemented a strategy to transform Walmart’s supply chain in an effort to drive sales and reduce costs while creating an engaging work environment.
(In 2022, Smith spoke to DeviceTalks to outline his plans to drive improvement for Medtronic’s supply chain. Read more from that interview here.)
