The German medical device company allegedly paid $31 million in bribes to doctors and public health officials in at least 17 countries.
Veteran life-sciences CFOs leverage their specialized expertise to run their own outsourced finance services business.
Sales of the company's diabetes division fell 1% in the first quarter amid a supply shortfall for its glucose monitor sensors.
The deal will expand Cardinal's medical products business but its shares dropped 11.5% on updated guidance for fiscal 2017.
The deal gives Medtronic access to a market for a heart failure treatment that is expected to grow in the mid-to-high single digits through 2017.
Karen Parkhill, one of American Banker's Most Powerful Women in Banking, takes over as finance chief of the medical device maker.
Toshiba reportedly granted Canon preferential negotiating rights after it offered $6 billion for Toshiba's medical equipment business.
The deal gives the medical device maker a portfolio of products aimed at preventing "never events" such as hospital-acquired infections.
The job cuts come after a quarter of falling sales and the addition of a hedge fund executive to the medical device maker's board of directors.
Health care lags other industries in preparedness for cyber attacks.
