Medtronic adds Asian hospital chain manager to board of directors
Medtronic (NYSE:MDT) appointed Preetha Reddy, managing director of Apollo Hospitals Enterprise Limited, to the board of directors. Apollo Hospitals, a division of Apollo Group, is one of the largest hospital groups in Asia, according to a press release.
Medtronic CEO Omar Ishrak noted the appointment with a tweet, welcoming Reddy to the team.
"Delighted to welcome Preetha Reddy to MDT’s Board of directors," Ishrak tweeted. "Excited about the new perspectives she will provide."
Ishrak has been keenly interested in establishing the company’s presence in emerging markets. He made emphasized a push for emerging markets early on, including big moves in India, which he called the "biggest hole" in the company’s global reach. Last week the company announced an international cardiovascular research initiative taking place in 9 emerging markets, spanning India, Bangladesh, Mexico, Peru, Argentina, Uruguay, Russia, Hungary and China.
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