Medtronic CEO Omar Ishrak joined the medical device maker last May, demanding improvements in the company’s global growth and execution. Ishrak wanted to fortify Medtronic’s position in emerging markets such as Brazil, Russia, India and China, which account for 60% of the company’s overseas revenue.Ishrak said the company needed to offset external pressures, including high taxes, competition from rival medical device makers, and stringent record-keeping requirements from the Federal Drug Administration. Ishrak turned to Medtronic CIO Michael Hedges for help in growing the company’s $16 billion in annual revenue.
