He succeeds Karen Parkhill, the CFO since 2016 who officially ended her tenure on Aug. 2 to join the tech giant HP as finance chief. Gary Corona will continue as interim CFO until Piéton joins Medtronic.

Medtronic (NYSE: MDT) has named Thierry Piéton, currently the chief financial officer of automaker Renault Group, as its next CFO. Piéton will join the medical-device manufacturer effective March 3, taking over from Gary Corona, who's served as interim CFO since last summer following the departure of Karen Parkhill for HP Inc.

Medtronic will appoint Renault's finance chief Thierry Pieton as its chief financial officer effective March 3, the medical device maker said on Tuesday. Pieton will succeed Gary Corona, who has been serving as interim CFO,

Medtronic named an alum of General Electric and French automaker Renault Group as its new chief financial officer on Tuesday as the company faces investor pressure to increase profit margins and boost innovation.