Omar Ishrak

CEO/chairman, Medtronic
TCB Person of the Year 2015

Omar Ishrak was unknown in Minnesota when he was tapped to lead the med-tech giant in 2011. Technically, Medtronic is now based in Ireland, but Minnesota remains its operational headquarters. In 2015, Ishrak was the architect of the $50 billion deal to buy Ireland-based Covidien, a deal that significantly boosts Medtronic’s product line. As a signal of a future Ishrak sees in emerging markets, the company opened a new Asia Pacific headquarters office this year in Singapore. Ishrak is proving that a big company can still find growth: The company’s sales have doubled since 2009. (After the Covidien deal, Medtronic’s revenue rose 42 percent to $28.8 billion for fiscal 2016.)