Medtronic plc Chief Financial Officer Karen Parkhill is resigning to take a CFO position at HP Inc. The company announced the departure of Parkhill, its CFO for eight years. Medtronic Senior Vice President of Global Financial Planning and Analysis Gary Corona will serve as interim CFO while Medtronic evaluates internal and external candidates. Parkhill will leave Medtronic effective August 2, 2024 and will start at HP August 5, 2023.

Parkhill joined Medtronic as CFO in 2016, coming from financial-services company Comerica Inc. When she joined, Medtronic was struggling to convert its earnings into free cash flow following its acquisition of Covidien, affecting the company's valuation. Parkhill executed a companywide training and incentive program that resulted in an 80% cash flow conversion improvement in just one year. She was named CFO of the Year by the Business Journal in 2021.

Parkhill also sits on the Board of Directors at American Express, currently chairing its Risk Committee.