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Medtronic Announces Retirement of CFO Robert Ryan

January 31, 2005

Medtronic has announced that CFO Robert Ryan will retire from the company at the end of this fiscal year, April 29. Gary Ellis, currently Medtronic vice president and corporate controller/treasurer, will succeed Ryan.

Minneapolis dBusinessNews (http://minneapolis.dbusinessnews.com/shownews.php?newsid=9699&type_news=latest)