Sr. Corporate Development Program Director

Medtronic•Minneapolis, MN

8d•$230,400 - $345,600•Onsite

About The Position

At Medtronic you can begin a life-long career of exploration and innovation, while helping champion healthcare access and equity for all. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world. The Sr. Program Director, Integrations & Separations leads enterprise‑level programs that shape Medtronic’s portfolio structure, with a primary focus on strategic integrations (e.g., acquisitions, tuck‑ins) and separations (e.g., divestitures, carve‑outs, spin‑offs). This role sits in Portfolio Management and is accountable for turning portfolio decisions into executable programs, aligning transactions to enterprise strategy, and ensuring disciplined delivery of value while protecting business continuity, patients, customers, and employees.

Requirements

Bachelor’s degree in Business, Finance, or related field (or equivalent experience).
Extensive experience (typically 15+ years) leading large, complex cross‑functional programs or portfolios, including significant exposure to M&A integrations and/or separations.
Demonstrated experience working in or closely with Corporate Strategy, Corporate Development, or Portfolio Management functions.
Proven ability to influence and partner effectively with senior executives and cross‑functional leaders in a global, matrixed environment.
Strong financial and portfolio acumen, including valuation drivers, synergy/dis‑synergy modeling, and capital allocation trade‑offs.
Deep program management expertise, including governance design, risk/issue management, and benefit realization.
Exceptional communication and executive‑level storytelling skills; able to synthesize complex issues into clear recommendations and decision options.
For Baccalaureate degrees earned outside of the United States, a degree that satisfies the requirements of 8 C.F.R. § 214.2(h)(4)(iii)(A) is required.

Nice To Haves

Experience in medtech, healthcare, or other highly regulated industries.
Prior accountability for an enterprise integration/separation portfolio or IMO/SMO leadership role.
Advanced degree (MBA or equivalent) and/or formal program management certification.

Responsibilities

Translate corporate portfolio strategy and Board / ELT decisions into clear integration and separation program objectives, scope, and success measures.
Partner with Strategy, Finance, Business Development, and OUs to ensure transactions align with Medtronic’s strategic road map and capital allocation priorities.
Provide the Corporate Portfolio Management and ELT with clear visibility to status, risks, and value realization across the integration/separation portfolio.
Develop standardized playbooks, tools, KPIs, and dashboards for integration and separation programs to drive consistency and comparability across deals.
Synthesize lessons learned and trends across transactions to inform future portfolio decisions and deal design.
Lead end‑to‑end integration and separation programs across businesses, OUs, and functions, from due diligence through execution and value capture.
Establish and run cross‑functional governance (IMO/SMO, steering committees, decision forums) with clear charters, decision rights, and escalation paths.
Build and maintain integrated program plans, including critical paths, dependencies, risks, and decision milestones.
Define, track, and report on value realization (synergies, dis‑synergies, and one‑time costs) for each deal they lead.
For integrations, drive Day 0 / Day 1 readiness and post‑close integration through stabilization and optimization.
Orchestrate functional integration plans (e.g., commercial, R&D, Quality/Regulatory, Operations, IT, HR, Finance, Legal) to achieve synergy targets while maintaining compliance, quality, and patient safety.
Ensure operating model, process, and system decisions are consistent with enterprise standards and portfolio priorities.
For separations, design and lead stand‑alone and transition plans, including TSA strategy, negotiation support, and exit plans.
Partner with business and functional leaders to define the future‑state operating models for both the divested entity and retained Medtronic organization.
Oversee disentanglement of people, processes, technology, and data, minimizing disruption to revenue, customers, and critical operations.
Serve as a trusted advisor to senior executives and OU leaders on integration and separation implications, trade‑offs, and options.
Develop and execute enterprise‑level change and communication strategies for impacted leaders, managers, and employees.
Build, lead, and develop high‑performing, diverse program teams; foster a culture that reflects the Medtronic Mindset and Leadership Framework (Care, Inspire, Deliver).
Apply disciplined program management practices (risk management, dependency management, benefits tracking) to drive predictable execution.
Ensure compliance with corporate policies, quality systems, and relevant regulatory requirements throughout program lifecycle.
Continuously refine integration and separation playbooks based on outcomes and feedback from stakeholders and teams.

Benefits

Competitive Salary and flexible Benefits Package
Health, Dental and vision insurance
Health Savings Account
Healthcare Flexible Spending Account
Life insurance
Long-term disability leave
Dependent daycare spending account
Tuition assistance/reimbursement
Simple Steps (global well-being program)
Incentive plans
401(k) plan plus employer contribution and match
Short-term disability
Paid time off
Paid holidays
Employee Stock Purchase Plan
Employee Assistance Program
Non-qualified Retirement Plan Supplement (subject to IRS earning minimums)
Capital Accumulation Plan (available to Vice Presidents and above, or subject to IRS earning minimums)