Medtronic Recognized with Prestigious Catalyst Award
January 16 2020 - 8:30AM
Medtronic plc (NYSE:MDT), the global leader in medical
technology, has been named one of three recipients of
the
2020 Catalyst Award, which recognizes
corporations and the groundbreaking initiatives they’ve created to
foster an inclusive workplace where women can advance.
Medtronic is being recognized for the Medtronic
Women’s Network (MWN) and Women in Science and Engineering (WISE)
initiatives, key drivers in the company’s overall Inclusion and
Diversity strategy.
One of five internally established diversity
networks within the company, the MWN was refocused by Medtronic CEO
Omar Ishrak in 2013 with the idea that diverse perspectives and
people produce better decisions, better outcomes and better
business performance. MWN is run by employee volunteers – men and
women from around the world – who are committed to creating an
inclusive workplace while fulfilling the company mission of
alleviating pain, restoring health, and extending life. The MWN has
more than 15,000 members in 68 countries who gain leadership and
functional experience to advance their careers. They are empowered
to drive holistic change, and MWN strategies are directly linked to
company and performance metrics, success measures and advancement
opportunities.
Medtronic’s WISE program focuses on advancing
women in R&D and STEM roles. The comprehensive
program seeks to build an inclusive work
environment for women in science and engineering through
outreach, recruiting, talent development and cultural awareness
programs. WISE teams are currently active in 70 Medtronic sites
across the United States, Canada, China, Europe, India, Israel and
Japan.
As a result of these global initiatives, from 2015
– 2019 Medtronic has seen an increase in women leaders from 32
percent to 38 percent. In addition, women VP roles increased
from 24 percent to 30 percent; women at the director level
increased from 30 percent to 36 percent; and women in R&D
increased from 24 percent to 29 percent. Today, 40 percent of
Medtronic therapy revenue is led by women.
“To us, this is more than hitting a number,” said
Omar Ishrak, Medtronic chairman and chief executive officer. “This
is about creating a more inclusive culture that values all
dimensions of diversity – because a more diverse culture fosters a
more innovative culture, and innovation fuels our company
growth.”
“We are known for innovation, and we need women in
the mix,” said Carol Malnati, vice president of Research and
Development for the Cardiac Rhythm and Heart Failure division,
which is part of the Cardiac and Vascular Group at Medtronic.
“Attracting and developing women, including female engineers, is a
core strategy.”
Since 1987, Catalyst has recognized
nearly 100 initiatives at 89 organizations from around
the world. Medtronic and this year’s other winning companies will
be honored at the annual Catalyst Awards Conference
and Dinner on Thursday, March 12, 2020, at the New
York Hilton Midtown. Keynote speaker will be Indra Nooyi, former
chairman and chief executive officer of PepsiCo. Last year’s
conference drew more than 1,500 attendees.
About MedtronicMedtronic plc
(www.medtronic.com), headquartered in Dublin, Ireland, is among the
world’s largest medical technology, services and solutions
companies – alleviating pain, restoring health and extending life
for millions of people around the world. Medtronic employs more
than 90,000 people worldwide, serving physicians, hospitals and
patients in more than 150 countries. The company is focused on
collaborating with stakeholders around the world to take healthcare
Further, Together.
Any forward-looking statements are subject
to risks and uncertainties such as those described in Medtronic's
periodic reports on file with the Securities and Exchange
Commission. Actual results may differ materially from anticipated
results.
-end-
Erika WinkelsPublic Relations+1-763-526-8478
Ryan WeispfenningInvestor Relations+1-763-505-4626
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