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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 This material may not be published, broadcast, rewritten or redistributed.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 92 480 7,835
MORTGAGES 115 551 8,785
FORECLOSURE NOTICES 6 33 1,128
BUILDING PERMITS 325 1,167 17,068
BANKRUPTCIES 39 311 5,159
BUSINESS LICENSES 27 161 3,382
UTILITY CONNECTIONS 24 114 2,268
MARRIAGE LICENSES 27 126 1,592