Theyre organized. Vice President, Chief Financial Officer, KatyFink Fine, you can keep your name. Develop and improve features of our offerings. Chief Executive Officer. So, someone selling to Stryker knows theiremployees will be taken care of and thatwere gonna grow the business, invest inthe business. Noting that the IM-SHORAD platforms were created under the Army's Program Executive Office for Missiles and Space and not PM Stryker, Venable added, "The . Group President, Global Quality and Operations, AndyPierce Kalamazoo, Michigan - November 8, 2012 - Stryker Corporation (NYSE:SYK) announced today the appointment of David K. Floyd to the role of Group President, Orthopaedics, effective November 15, 2012. Its thesense of purpose. All proxy statements are public filings made available to the general public by the SEC. We wish Tim and his family the very best in his retirement., Caution Concerning F Lorem ipsum dolor sit amet consectetur adipisicing elit. Were even doing patientstories on our website, so people [can] goon the website and say, Hey, if I have aneed for this procedure, let me see a patientdescribing what they went through. It hasto be real and authentic. And as soon as the bag starts to gettoo big, or we have some division or a salesrep that selling to two or three call points,as soon as we can fill it in with extra products,then we split. What I say is that people in the corporatecenters of Stryker or shared services, includingme, are in the sell business, not thetell business. I get those three answers every time. Philip M. Lister. Public Fundamental Data provided by Morningstar, Inc. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implanta, pariatur. Its changed over time. If R&D says no, they say, Well, lets govisit them. Then they get on a plane. patients annually. Stryker employees rate their Executive Team in the Top 5% of similar size companies on Comparably with 10,000+ Employees. People who dont have high drivedont do well at Stryker. You also have the option to opt-out of these cookies. Lets sprinkle in alittle bit more Stryker. Two of our competitors launched newknees three or four years ago, and weretaking market share from them with an olderknee. A lower score indicates better sustainability, Exposure refers to the extent to which a company is exposed to different material ESG issues, Management is related to actions taken to manage ESG issues. You buy thetechnology, and you stick it into your ownR&D team. Necessary cookies are absolutely essential for the website to function properly. How do we become indispensableto them? If you choose to logout it will log you out from all the applications. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). STRYKER CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Get the full list When you buy technology without all thepeople, its easy to integrate. Stryker Executive Team (72) Update this profile Name Title Board Seat Contact Info; Kevin Lobo: Chief Executive Officer & Chairman: Spencer Stiles: Group President, Orthopaedics and Spine: Brian White: President: J. Work At Stryker? Karim joined Convatec in September 2019. orward- 16% of Stryker management is Hispanic or Latino. The company is 33.7% female and 44.1% ethnic minorities. Up to 5 Frankly, its just as powerful inside the companyas it is with our customers. This press release contains information that includes or is based on forward-looking statements within the meaning of the federal securities laws that are subject to various risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in such statements. They sold to private equity, and we bought it from private equity. Call-point driven. Stryker Announces Changes to Executive Leadership. WhatIve learned is you need to rip the Band-Aidoff quickly. We dont want tocompletely change the culture because eachdivision is unique and were buying themfor a reason. I believe focus drives growth. Alan Douville is CIO and CISO at Stryker Corporation, one of the worlds leading medical technology companies producing products and services in over 100 countries around the world. We screen forhumility. Vice President, Investor Relations, BillBerry If I give an order to a division presidentand they dont think its good for thecustomer, they are free to disagree withit and disobey itno problem. Leadership team Kevin Lobo Chair and CEO Meet Kevin Yin Becker Vice President, Chief Corporate Affairs Officer Meet Yin Glenn Boehnlein Vice President, Chief Financial Officer He is the current chair of AdvaMed (Med-Tech trade association) and is a member of the Business Roundtable and Business Council. Pierce: President: Viju Menon Ph.D: President: You're viewing 5 of 72 executive team members. Of all the deals weve done, that was the most controversial. Vice President & Chief Human Resources Officer, Associate Program Manager & Chief People Officer, Global Group President, Quality & Business Operations, Vice President, Chief Information Officer and Chief Information Security Officer, Chief Financial Officer & Vice President, Commercial Excellence Joint Replacement Division, Senior Director. NowI just put another product in their bag,focused on the call point. Copyright 2023 Morningstar, Inc. All rights reserved. IT Department. The employee data is based on information from people who have self-reported their past or current employments at Stryker. I thought we were being overlyconservative as a company with our cash. Its coming. By call point. Thesethings matter for people. Nearly one fourth of Stryker's total revenue currently comes from outside the United States. Group President, MedSurg and Neurotechnology, SpencerStiles 62% of the management team is White. No credit card required. White is the most common ethnicity company-wide. Webmaster| Its gonnabe a better outcome. Stryker CEO and key executive team Stryker's Chair and CEO is Kevin A. Lobo. Here's a list of some of the top trending technologies and APIs used by Stryker. It gives us new ideas. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Get Contact Info for All Departments. This was seven years ago, buybacks werein vogue. Search over 700 The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Coronavirus Tips Working and Protection, For its 2021 fiscal year, STRYKER CORP, listed the following executives on its annual proxy statement to the SEC. Hutchinson . Medical Devices & Equipment, Manufacturing, 2825 Airview Blvd, Kalamazoo, Michigan, 49002, United States. Since Kevin Lobo became CEO of medical device company Stryker in 2012, revenues have grown from $8 billion to over $15 billiona phenomenal track record. Privacy Policy and The example Ill give you is when we bought Physio-Control, which is the defibrillator company, which Medtronic used to own and sold because it was not a good performing business. The simplest way of describing it is customerfocus, that first pillar of the strategy. If you dont have the patienceand the fortitude to sell something, go worksomewhere else. Give us the dividends or buy back stock or spend it., I felt that the companys decentralizedstructure lent itself to being able to get intonew spaces. Group President, Orthopaedics and Spine, JasonBeach But lets go find out., In my years at Stryker as CEO, never once have they said, We dont know. Our businesses always know who they are, they know the owner, we dont like it because its too expensive, or we have intellectual property problems or an internal project that we think is gonna be better than that. Download. He has worked as Controller Electronics & Safety at APTIV PLC; Director of Finance Global Powertrain at Federal Mogul; and Vice President, Corporate Controller (Principal Accounting Officer) at Stryker. Stryker has 5 employees across 55 locations and $18.45 b in annual revenue in FY 2022. . View all jobs in Redmond at Stryker. See insights on Stryker including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Gear advertisements and other marketing efforts towards your interests. Theproducts have their own name. All theother business development people28 peoplesit in each of ourdivisions.. To explore Strykers full profile, request access. But not for anything elective. If you open the back of an ambulance,the two most expensive items in the back ofthat ambulance are the powered cottheStrykerand the defibrillator. And almost one out of every three kneesis going in with a robot. They want to know,Hey, is it being done with robotic surgery,and whats the implant?. In the medtech industry in which Kalamazoo, Michigan-based Stryker plays, he says, innovation can only be derived if youre very,very closely collaborating with customers We dont want to inventanything without iteration with our clinical customers. For Lobo,that translates to a decentralized structure that that pushes power andacquisition strategizing down through the organization and as close tothe customer as possible. Executive Team. The idea of robotics in orthopedics, mostcustomers told me, We dont need it. Theconsultants that we work with, the orthopedicsurgeons that use our products, said,Were not asking for it. But thats one ofthe areas where there were a few surgeonswho really believed in it. Here are further demographic highlights of the leadership team: The Stryker executive team is 40% female and 60% male. Oct 2021 - Jan 20231 year 4 months. If the call point is a nurse, wewrap the products around that OR nurse. Executive Summary. In 2016, Stryker acquired Physio-Control International Inc., which provides heathcare products, data management and support services. The product portfolio includes hip and knee replacements, endoscopy systems, operating room equipment, embolic coils, hospital beds and gurneys, and spinal devices. You must click the activation link in order to complete your subscription. And iftheyre missing their numbers, they feel thepain. The data presented on this page does not represent the view of Stryker and its employees or that of Zippia. Whirlpool is the leading manufacturer of major home appliances with revenues of $18 billion.Prior to Whirlpool, Alan was with Diageo PLC where he served as the SVP of IT, leading many global strategic programs. Kalamazoo, Michigan, Aug. 18, 2021 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced today that after an outstanding thirty-one-year career at Stryker, Timothy J. Scannell, President and Chief Operating Officer has notified the company of his intent to retire on March 31, 2023. Littlethings like that really helped. Ill give youan example. We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. Wedont do that anymore. Vice President, Global Regulatory Affairs and Quality Assurance, Vice President, Chief Corporate Affairs Officer, Vice President, Chief Human Resources Officer, Group President, Global Quality and Operations, Group President, MedSurg and Neurotechnology, Vice President, Chief Information Officer and Chief Information Security Officer, Vice President, Global Regulatory Affairs and Quality Assurance. But opting out of some of these cookies may have an effect on your browsing experience. And so those are things were starting todo even getting, you know, more patient advocacy. Mon, 07-Nov-2022 8:18. Accessibility/Section 508| We created amarketing council, which was voluntary,every division could send whoever theywanted. Stryker President and COO Timothy J. Scannell to retire. I wanna use the money foracquisitions. Shareholders were screamingat me, they wanted me to buy back stock. Dr. Homer Stryker, company founder, is born in Athens, Michigan. Learn about the executive team and board of directors at Stryker Corp (SYK:XNYS) and review their bios and compensation over the latest fiscal years. PM Stryker Brigade Combat Team (SBCT) provides proven acquisition, development, and sustainment of the Stryker Family of Vehicles (FoV) that afford the Warfighter quick response maneuvering,. The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . This report is not for commercial use. The hardest part is hiringpeople in the corporate staff. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. He has worked as Associate at Katz Teller; Worldwide Vice President, Litigation at Johnson & Johnson; and Vice President - Law at Ethicon Endo-Surgery, Inc.. last updated: Develop, Deliver and Sustain the Army's Premier Wheeled Combat Vehicles to Sustain our Soldiers' Combat Advantage. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Stryker has 43,000 employees, of which 52 are in a leadership position. But its a great question. Get the full list, Youre viewing 5 of 80 investments and acquisitions. These products and services are usually sold through license agreements or subscriptions. November 4, 1894 The Stryker executive team is 40% female and 60% male. Thefirst thing thats not changing is we are continuingto specialize our sales forces moreand more at a time when many of our competitorsare actually increasing the size of theproduct bag. Rob Fletcher is a Chief Legal Officer at Stryker and is based in Greater Boston. We spend 6.5 percent of our revenue on R&D but dont have anycentral R&D at all, he says. Chief Executive recently had the opportunityto talk with Lobo about his approach todeal-making. When a hospitalcustomer is thinking, Who shouldI be partnering with for neurosurgery ororthopedic surgery? We want to be the obviouschoice. But if we get the price close, they prefer tosell to usespecially if its like a lot of thecompanies we buy, which are private, andsometimes family-run businesses. Theycare about the legacy. United States. Thats exactly right. Verify your identity, personalize the content you receive, or create and administer your account. We have a strong balance sheet, so theyknow that as soon as they see somethinginteresting, they can come to us, and fundinghas never been a problem. For investor inquiries please contact: Based on our data team's research, Kevin A. Lobo is the Stryker's CEO. Stryker may also be known as or be related to Stryker and Stryker Corporation. Team Leader Analyst Developer, Senior Project NJIT (Former Employee) - Mahwah, NJ - April 27, 2014. A hands-on global IT leader who identify & execute strategic opportunities, resulting in wider business outcome, impact and value.<br><br>I bring combination of people, process, and technology experience to drive success. Mr. Boehnlein has global responsibilities for Finance activities, including Corporate Accounting, Reporting, Tax, Treasury and Internal Audit.Mr. The most common ethnicity among Stryker executive officers is White. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Its really by design that wherever we play we want to be absolute leaders in thefield, Lobo explains of Strykers tuck-inapproach to deal-making. Vice President, Internal Audit, Alan Douville Tim has led teams to excellent performance over time and has been a champion of growth and talent throughout his career, said Mr. Lobo. Get the full list, Youre viewing 5 of 13 board members. We used to just feed them with moneyand investment and leave them alone. Definitely. So it is irrelevant for certain portions ofour business. Stryker serves an international customer base spanning more than 100 countries, serving healthcare professionals, medical facilities, and specialist equipment and device distributors. Buthigh drive, high humility is hard to find. All rights reserved | Chief Executive Group | Privacy Policy. The questionis, can you make the business model workand the economics work? We know how toinnovate and create new cycles of this innovation. The hard ones are when you buy a companythat brings across a lot of people andhave to figure out, okay, now what? I have customer focus, I have innovation, Ihave globalization, and then cost transformation. But thats howit works. None of the information on this page has been provided or approved by Stryker. For that business, the Freshness Indexwould have encouraged the wrong behavior,which is We better launch a new kneeso that we score high on the FreshnessIndex. It really varies by business, how wechoose to measure the level of innovativeness. Zippia gives an in-depth look into the details of Stryker, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Stryker. Get the full list, Youre viewing 5 of 14 subsidiaries. It gives them a lot of motivation. - Designing a more efficient method of performing the procedures. Ask him how he's done itas we did at our recent Healthcare CEO Summitand the answer is . Now, investors are like, Why are you wasting your money? We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Download. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Disclaimer| You guys wanna dress this way or whateverdo this, thats fine.. All rights reserved. If you experience any issues with this process, please contact us for further assistance. Privacy Policy| Stryker works closely with a range of partner companies and organisations throughout the design, manufacture, and sale of its products. This was very disruptive. Yeah. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Our Code of Conduct aligns with our values and is our shared commitment to do whats right for our people, our customers and their patients, our shareholders and our communities. Theres always thenext deal coming. Mission Together with our customers, we are driven He received his bachelors and masters degrees in accounting from Mississippi State University. I refused. How we use your information depends on the product and service that you use and your relationship with us. Vice President, Investor Relations - Creating an overall flow analysis of the facility rendering the process into Arena software. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Vice President, Chief Accounting Officer, JeanneBlondia It would do one or two deals a year, maybe. 4.5yrs. A team of dedicated professionals delivering reliable world-class wheeled combat vehicles to the Warfighter. Search, find and apply to job opportunities at Stryker, one of the world's leading medical technology companies. Were the fastest-growingimplant company in the market, have beenfor the last four or five years. I refused to buy back the stock because itsnot a long-term value creator. Stryker is a leading medical technology company with over 40,000 employees. Get the full list, To view Strykers complete esg history, request access, Youre viewing 5 of 7 exits. Sure. Stryker Corporation, 2825 Airview Boulevard Stryker is a leading medical technology company driven to make healthcare better. William works or has worked as MEMBER at American Institute of Certified Public Accountant. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. View supply chain jobs at Stryker. Stryker's key executives include Kevin A. Lobo and 27 others. Executive Compensation in Private Companies Report, Flex Focuses On Autonomation For Best Returns From Digitalizing, AP Automation: Medicine For A Looming Recession. Its teamfirst, me second. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. Peer performance insights compare the companys ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements. (269) 385-2600 Stryker Profile and History Founded in 1941 and headquartered in Portage, Michigan, Stryker is a medical technology firm that develops and produces medical implants, surgical and imaging technologies, as well as patient handling and emergency medical equipment. As a new personcoming into orthopedics, I said, Theseimplants are all good now. We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. People are going to care muchmore. We startedgetting busy on deals. That wasnt the case sixyears ago. Twothings happen: When the board goes to thevisit, I dont have to ask them to put theStryker signage up. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment.