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Covidien CFO will retire at the end of 2014

NEW YORK (AP) -- Covidien will begin an internal and external search for a new chief financial officer after announcing Monday that Charles Dockendorff will retire at the end of the year.

The Dublin-based maker of medical devices and other health care products said that Dockendorff, 59, will remain as an adviser at least through the end of 2014.

Dockendorff became CFO of Tyco Healthcare in 1995. Tyco spun off Covidien PLC into a separate company in 2007.

Covidien shares closed down 29 cents at $67.71.