Medtronic CFO resigns amid financial challenges, take new job at HP [Yahoo! Finance]
HP Inc. (HPQ)
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Source: Yahoo! Finance
Parkhill, 58, notified the company of her plans to resign on June 21, with her last day being Aug. 2. She will then become CFO for California-based HP Inc., a technology company founded as Hewlett-Packard Co. In May, Medtronic reported net income of $659 million for its fiscal fourth quarter, a sharp drop of 44.5% from a year earlier. Medtronic initiated global layoffs in April 2023 and has continued trimming jobs, including a new round of cuts in early May. But at least one analyst is not concerned about what Parkhill's exit means for Medtronic. "While departures such as this can create uncertainty, people can leave companies for any number of reasons, making it imprudent to speculate on the reason for the departure. Therefore, this does not change our view that Medtronic has a strong pipeline and often underappreciated new products," wrote John Boylan, senior equity analyst with St. Louis-based Edward Jones, in a research note. Parkhill joined Medtronic as executive vice pr
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HPQ
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- 5/29/24 - Beat
HPQ
Sec Filings
- 6/26/24 - Form 8-K
- 6/24/24 - Form 4
- 6/21/24 - Form 144
- HPQ's page on the SEC website