Medtronic picks GE’s Omar Ishrak as next CEO

Medtronic Inc., the world’s biggest medical device maker, says Omar Ishrak of GE Healthcare will become its new chairman and CEO in June.

The Minneapolis company says Ishrak, 55, will join the company on June 13. He had been the president and CEO of General Electric Co.’s health care business, and worked at the company for 16 years. Medtronic says GE Healthcare had strong growth in clinical systems and ultrasound devices during Ishrak’s tenure, and he improved its performance in emerging markets.

Medtronic announced in December that Chairman and CEO Bill Hawkins planned to retire. Hawkins was expected to leave by the end of April.

GE says Tom Gentile, the head of its aviation services division, will replace Ishrak as president and CEO of GE Healthcare.