Gary Ellis was named Sr. Vice President and Chief Financial Officer effective May 1, 2005. He is responsible for the following functions: treasury, tax controllership, internal audit, investor relations, and corporate development. Shortly after being named CFO, Gary was made responsible for Global Business Solutions (which includes quality, supply chain, facilities, and all facets of information systems) at Medtronic. In October 1999, Ellis was named Vice President, Corporate Controller and Treasurer, adding the Corporate Treasury functions to his area of responsibility. Ellis was named Vice President and Corporate Controller in August 1994, with responsibility for the finance and accounting functions throughout Medtronic. Ellis had been promoted to Vice President of Finance for Medtronic Europe in 1992 after joining Medtronic in 1989 as Assistant Corporate Controller.

Before coming to Medtronic, Ellis was a Senior Audit Manager for Price Waterhouse where, in addition to several other responsibilities, he managed the Medtronic audit for nearly ten years. He has worked with several large corporate organizations, as well as providing audit services to numerous non-profit organizations.

Ellis received his Bachelor of Science in Accounting in 1978 from the University of South Dakota. Gary is very active in community activities and has contributed many years of service on the Board of Directors and as President of his local church and other non-profit organizations. He serves on the Board of Directors of the American Heart Association at the national level and is currently a member of the Minnesota Society of CPAs.

Ellis currently resides in Woodbury, Minnesota, with his wife, Sue. They have two children.