Omar Ishrak this month took over as CEO of the pacemaker company Medtronics.
Ishrak spent 16 years at GE Healthcare, the worldâ€™s biggest maker of medical imaging equipment. He ran the largest portion of the Chalfont St. Giles, England-based business, which develops X-ray machines and MRI, CT, ultrasound and PET scanners, with 20,000 employees in 120 countries.
The ultrasound division under Ishrak rose to $1.8 billion last year from about $400 million a decade ago. Most recently, he led an effort to bolster efficiency and new products, with 80 slated for 2010 and 2011. Those achievements showed Ishrakâ€™s leadership in research and development allocation as he increased profitability, wrote Vertical Research Partners co-founder Jeffrey Sprague, who follows GE and called the appointment â€œa loss for GE, a win for Medtronic.â€
He has a Bachelor of Science degree and doctorate in electrical engineering from the University of London, Kingâ€™s College.