October 20, 2018
Medtronic Cofounder Earl Bakken Dies
October 21, 2018—Medtronic announced that its Cofounder Earl E. Bakken passed away peacefully on October 21, 2018 at his home on Kiholo Bay on the Big Island of Hawaii. He was 94.
Omar Ishrak, Medtronic Chairman and Chief Executive Officer, stated, "Today we are saddened by the passing of Earl Bakken, but we also honor and will forever cherish the life of a beloved man whose brilliance and vision have improved the lives of millions of people around the world. The contributions Earl made to the field of medical technology simply cannot be overstated. His spirit will live on with us as we work to fulfill the mission he wrote nearly 60 years ago—to alleviate pain, restore health, and extend life. Our thoughts and prayers are with the Bakken family during this difficult time."
In 1949, Mr. Bakken founded Medtronic with his brother-in-law, Palmer J. Hermundslie. He led the company for 40 years, guiding it from humble roots into one of the world's premier medical technology companies. He retired as Chairman in 1989.
Medtronic's full statement is available on the company's website here.
An appreciation entitled "Celebrating Earl Bakken," featuring remembrances and photographs, is available here.