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Core Viewpoint - Medtronic's EVP of Enterprise Operations, Gregory L. Smith, will retire on December 2, 2025, after leading significant restructuring in the company's global manufacturing and supply chain over the past four years [2] Group 1: Leadership Transition - Smith's retirement marks a pivotal point in Medtronic's supply chain centralization reform, transitioning from crisis response to structural optimization [8] - Smith informed the company of his retirement decision on November 1, 2023, and will join a private equity firm post-retirement [2] Group 2: Background and Experience - Prior to joining Medtronic, Smith had over 30 years of supply chain management experience across various industries, including serving as EVP of Supply Chain at Walmart [3] - His experience in retail logistics and cost optimization was expected to enhance Medtronic's operational efficiency in the medical device sector [5] Group 3: Supply Chain Strategy - Under Smith's leadership, Medtronic aimed to create a more centralized and streamlined supply chain, focusing on long-term partnerships with innovative strategic suppliers [6] - Smith emphasized the need to optimize inventory levels and improve supply forecasting accuracy to enhance global operational efficiency [7] - The company established a unified supply chain data platform to strengthen visibility and risk management capabilities during global supply chain fluctuations [7] Group 4: Future Outlook - Following Smith's departure, Medtronic is likely to continue pursuing its global operational strategy with a long-term perspective on system management [9] - The medical device industry's supply chain landscape is evolving, with companies needing to balance resilience and efficiency amid geopolitical risks and cost pressures [8]