MINNEAPOLIS--(BUSINESS WIRE)--Minnesota’s largest business publication announced today that it has chosen Medtronic Chairman and CEO Omar Ishrak as 2015’s Person of the Year.
“For this award, we considered several individuals’ achievements during the past year. Ishrak stood out for exceptional leadership that is strengthening our state’s economy, reputation and culture,” says Twin Cities Business Editor in Chief Dale Kurschner. “Perhaps the most significant reason for his selection has to do with how well he led Medtronic’s $49.9 billion acquisition of Covidien – the largest merger in Minnesota’s history, and the largest in the nation’s medical device industry.”
Due out on newsstands next week, Twin Cities Business’s December issue profiles Ishrak and his achievements thus far, which include:
- Re-energizing Medtronic’s growth engine and improving its financial performance;
- The decisive and quick manner in which he led the Covidien acquisition and merger process;
- His commitment to add 1,000 jobs in Minnesota over the next four years, bringing its total headcount here to about 10,000; and
- Leadership through controversies and challenges, including criticism regarding the tax inversion that became part of the Covidien acquisition.
The December issue of Twin Cities Business also includes 100 People to Know in 2016—those who have considerable influence and are using it well – or hope to use it well. The TCB 100 includes titans, behind-the-scenes leaders, up-and-comers and hopefuls.
A 2015 Person of the Year reception for Ishrak and 2016’s People to Know will take place at Windows on Minnesota in Minneapolis the evening of Dec. 16. For more information, visit tcbmag.com/POY15.
This is the third year Twin Cities Business has named a Person of the Year. The distinction went to Mayo Clinic President and CEO Dr. John Noseworthy in 2014, and Duluth Mayor Don Ness in 2013.
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