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VOL. 123 | NO. 85 | Wednesday, April 30, 2008

Medtronic Operations Chief DeMane Steps Down

AP

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MINNEAPOLIS (AP) - Medtronic Inc. Chief Operating Officer Michael DeMane resigned has resigned effective Wednesday, the medical devices maker said Tuesday.

Medtronic said DeMane "decided to leave to pursue other opportunities."

The move means that Medtronic's global business unit will report to Chief Executive Bill Hawkins. The company did not say whether it would seek to replace DeMane.

Medtronic’s spinal and biologics business is headquartered in Memphis.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 140 207 19,653
MORTGAGES 128 196 22,629
FORECLOSURE NOTICES 0 5 2,927
BUILDING PERMITS 166 367 40,371
BANKRUPTCIES 40 102 12,588
BUSINESS LICENSES 16 33 6,407
UTILITY CONNECTIONS 31 81 7,476
MARRIAGE LICENSES 24 47 4,500