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    Home > Finance > Medtronic appoints Renault executive Thierry Pieton as finance chief
    Finance

    Medtronic appoints Renault executive Thierry Pieton as finance chief

    Published by Global Banking & Finance Review®

    Posted on January 25, 2025

    1 min read

    Last updated: January 27, 2026

    Image of Thierry Pieton, the newly appointed Chief Financial Officer of Medtronic, who previously served as finance chief at Renault. This leadership change is a significant move in the finance sector.
    Thierry Pieton, new finance chief of Medtronic, previously Renault CFO - Global Banking & Finance Review
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    Quick Summary

    Medtronic appoints Renault's Thierry Pieton as CFO, succeeding Gary Corona. Pieton led Renault to sales growth, outperforming Volkswagen.

    Medtronic Appoints Thierry Pieton as New Finance Chief

    (Reuters) - Medtronic will appoint Renault's finance chief Thierry Pieton as its chief financial officer effective March 3, the medical device maker said on Tuesday.

    Pieton will succeed Gary Corona, who has been serving as interim CFO, after Medtronic's previous CFO Karen Parkhill jumped ship to join HP Inc in June last year.

    Parkhill's exit came months after Medtronic, as part of a turnaround, decided to exit its unprofitable ventilator product line within its patient monitoring and respiratory interventions (PMRI) business.

    Under Pieton's leadership, Renault has reported sales growth in the last two years, outperforming larger European rival Volkswagen in 2024 with a small rise in volumes.

    Pieton has previously worked as an executive at U.S.-based GE Healthcare between 2001 and 2004.

    (Reporting by Christy Santhosh in Bengaluru; Editing by Eileen Soreng and Janane Venkatraman)

    Key Takeaways

    • •Medtronic appoints Thierry Pieton as CFO.
    • •Pieton succeeds interim CFO Gary Corona.
    • •Karen Parkhill left Medtronic for HP Inc.
    • •Medtronic exited unprofitable ventilator line.
    • •Pieton led Renault to sales growth.

    Frequently Asked Questions about Medtronic appoints Renault executive Thierry Pieton as finance chief

    1What is the main topic?

    The main topic is the appointment of Thierry Pieton as the new CFO of Medtronic.

    2Who did Thierry Pieton succeed?

    Thierry Pieton succeeded Gary Corona, who was serving as interim CFO.

    3Why did Karen Parkhill leave Medtronic?

    Karen Parkhill left Medtronic to join HP Inc in June last year.

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