Medical Tech Exec Joins PC & Printer Maker on August 5th

  • HP hires Medtronic’s finance chief Karen Parkhill as its next CFO
  • Parkhill will join HP on August 5th
  • Medtronic names Gary Corona as interim CFO
  • Parkhill to receive an annual base salary of $950,000 and a 135% cash bonus target

HP has appointed Karen Parkhill, the finance chief of medical technology company Medtronic since 2016, as its next Chief Financial Officer (CFO). She will join HP, a Palo Alto-based maker of PCs and printers, on August 5th. Medtronic stated that Parkhill, aged 58, will remain in her position until August 2nd, with Gary Corona, the current Senior Vice President of Global Financial Planning and Analysis, stepping in as interim CFO. The Dublin-based company is considering both internal and external candidates for Parkhill’s successor. HP has announced that Tim Brown, who has been serving as interim finance chief since Marie Myers left to take up the same role at Hewlett Packard Enterprise, will return to his position as head of print finance.

Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about Karen Parkhill’s move from Medtronic to HP, including her current position, start date, and salary details. It also mentions the interim CFO and successor search process at Medtronic. The only minor issue is the mention of ‘corporate cousin’, which may not be a universally accepted term for Hewlett Packard Enterprise.
Noise Level: 7
Noise Justification: The article provides relevant information about a company executive’s career move and new appointment but lacks in-depth analysis or contextual information, as well as evidence or data to support its claims. It also contains some repetitive information.
Public Companies: HP (HPQ), Medtronic (MDT), Hewlett Packard Enterprise (HPE)
Key People: Karen Parkhill (Chief Financial Officer), Gary Corona (Senior Vice President of Global Financial Planning and Analysis), Tim Brown (Interim Finance Chief), Marie Myers (Former Finance Chief), Colin Kellaher (Writer)

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Financial Relevance: Yes
Financial Markets Impacted: HP and Medtronic’s stocks
Financial Rating Justification: The article discusses the hiring of a new CFO for HP, which impacts the company’s financial management and could potentially affect its stock price. Additionally, the mention of an interim CFO at Medtronic suggests that their financial management may also be affected by this change.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.

Reported publicly: www.wsj.com