Medtronic EVP Gregory L. Smith Announces Retirement and Transition to Private Equity Firm

Medtronic announced that the Executive Vice President of Corporate OperationsGregory L. Smith has notified the company of his decision to retire.

Greg Smith, former EVP of enterprise operations. 

According to Medtronic,According to a filing with the U.S. Securities and Exchange Commission on November 3, 2025, Smith plans to retire on December 2, 2025. According to the document, he informed the company of his decision on November 1.

After retiring from Medtronic, Smith plans to join an unnamed private equity firm. From that day onward, he will be eligible for retirement benefits related to outstanding equity compensation. The retirement treatment of the equity includes the acceleration of unvested stock options and the continued vesting of restricted stock units (RSU) and Performance Stock Units (PSU).

Medtronic did not disclose more details about Smith's retirement, his expected destination, or any succession plans.

Smith joined Medtronic in 2021 as Executive Vice President of Global Operations and Supply Chain. Prior to joining Medtronic, he served as Executive Vice President of the U.S. supply chain at retail giant Walmart. There, he developed and implemented a strategy to reform Walmart's supply chain, striving to drive sales, reduce costs, while creating an attractive work environment.