Medtronic Plc has hired Ivan Fong, the legal leader of 3M Co., as executive vice president and general counsel, beginning Feb. 1.According to a corporate statement on Thursday, Fong will follow Brad Lerman, who will step down at the end of January at the age of 65, as required by Medtronic statutory executive officer retirement age.
He joined 3M in 2012, after serving as chief legal, executive vice president and policy officer for the previous nine months. During President Barack Obama’s first term, he served as the chief counsel of the DHS (Department of Homeland Security) for more than three years.
Medtronic discontinued sales of its heart pump device in June after discovering evidence that it may cause more strokes than other models. This month, Covidien, a company, withdrew one of their ventilators due to a malfunction.Despite increasing demand for personal protective equipment during the Covid-19 outbreak, 3M cut roughly 3,000 jobs in December 2020 while other parts of the company suffered. The corporation decided to spin off its food safety division and combine with Neogen Corp. in a $9.3 billion transaction earlier this month.