Pittsburgh,
21
February
2024
|
15:00 PM
Europe/Amsterdam

Swanson School Alumnus Raman Venkatesh Appointed Inaugural Chief Sustainability Officer at Medtronic

Medical device and therapy company Medtronic has appointed Raman Venkatesh as a Vice President and its first Chief Sustainability Officer.

Venkatesh earned his master’s and PhD in chemical engineering from the University of Pittsburgh Swanson School of Engineering, and MBA from Pitt’s Katz Graduate School of Business. He also earned a diploma in strategic alliances, mergers, and acquisitions from The Wharton School.

Ken Washington, Chief Technology and Innovation Officer at Medtronic, said, “Raman will be responsible for leading the development and execution of Medtronic’s environmental sustainability strategy. I am excited to see Raman and his team drive Medtronic forward on our sustainability journey. I am confident that together we will shape and unlock new innovative solutions that serve our patients and our planet.”

Venkatesh, who has been serving on the Swanson School’s Board of Visitors since August 2020, brings nearly 30 years of sustainability expertise and leadership experience in industry, startups, consulting, and advising to this role, noted Sanjeev G. Shroff, Interim U.S. Steel Dean of Engineering at Pitt.  Earlier in his career, he received the Hero of Chemistry award from American Chemical Society, for developing and commercializing a pioneering drinking water technology implemented across the country.  

“The U.S. health technology industry is experiencing a sea-change in adopting sustainable practices and innovations, and Raman is an ideal candidate for this new position at Medtronic,” Shroff said. “His experience at SAE International as well as his own Pinnacle Executive Advisors and Tau Ventures immersed him in sustainability-driven technology development and deployment – an area of great importance to the Swanson School. I am excited about this next stage of Raman’s career and the experience he will bring to our Board of Visitors.”

According to Medtronic spokesperson Erika Winkels, Venkatesh’s team will be tasked with driving Medtronic’s “corporate sustainability commitments – including reporting, managing internal and external partnerships, and leading investments in initiatives.”

MedTechDive reported that “Medtronic previously discussed its sustainability work in a 2023 report. The company has set up a sustainability steering committee, led by its chief financial officer, to “embed sustainability” throughout its operations. The committee has overseen a 35% reduction in “operational greenhouse gas emissions intensity” since its fiscal year 2020. The goal is to achieve a 50% reduction by the company’s fiscal year 2025.”

 

###