Mr. Pierce and Mr. Stiles will continue to serve on the Stryker Leadership Team and will report directly to Kevin A. Lobo, Chair & Chief Executive Officer. You must click the activation link in order to complete your subscription. The most common ethnicity among Stryker executive officers is White. That wasnt the case sixyears ago. Theyre disciplined. These cookies do not store any personal information. Stryker employs 38,134 employees. Of all the deals weve done, that was the most controversial. Thesethings matter for people. Stryker excels at identifying emerging opportunitiesacross a broad spectrum of medtech categories. Most of the products we sell are acuteintervention products. Privacy Policy|
But to lead teams, you cant have bigego. We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. But people thatwho dont have that high humility, low ego,they get chewed up and spit out really fast. When a hospitalcustomer is thinking, Who shouldI be partnering with for neurosurgery ororthopedic surgery? We want to be the obviouschoice. But whats changing is were buildingtremendous marketing capabilities. The simplest way of describing it is customerfocus, that first pillar of the strategy. How experienced are the management team and are they aligned to shareholders interests? 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. Stryker employs 43,000 employees. In 2016, Stryker acquired Physio-Control International Inc., which provides heathcare products, data management and support services. That things been growing doubledigits for us since we bought it. Ill give youan example. I have to sell the divisions onwhy they should do anything. All rights reserved | Chief Executive Group | Privacy Policy. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. And that is hard to find. It ended up being avery good bet. Its a structural advantage. M attended Kenyon College and Rutgers University School of Management. 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. Accessibility/Section 508|
Hey, you wanna keep thesame name? Pierce: President: Viju Menon Ph.D: President: You're viewing 5 of 72 executive team members. If you dont have the patienceand the fortitude to sell something, go worksomewhere else. We have to carve out a few resourcesthat are virtually full-time on deals becausetheres so many of them. Theyre going to want to know more. Dan Bigman is Editor and Chief Content Officer of Chief Executive Group, publishers of Chief Executive, Corporate Board Member. Stryker has 5 employees across 55 locations and $18.45 b in annual revenue in FY 2022. Public Fundamental Data provided by Morningstar, Inc. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implanta, pariatur. Stryker employs 38,134 employees. Vice President, Corporate Secretary, IreneCorbe We have a high-performance team of diverse and talented leaders that live our mission and values. Sure. 130M William Berry is a Board Member at K2M, Board Member at ENTELLUS MEDICAL INC, and Chief Acctg Officer/VP/Controller at Stryker and is based in Portage, Michigan. Executive Vice President and Chief Financial Officer. Vice President, Chief Legal Officer, VijuMenon These cookies will be stored in your browser only with your consent. For investor inquiries please contact: All proxy statements are public filings made available to the general public by the SEC. Its painful,being in the center and having to go to eachdivision president and get them to buy intosomething, it takes longer. If the call point is a nurse, wewrap the products around that OR nurse. At my previous company,occasionally we would hear about a competitorbuying a company. 16% of Stryker's management is Hispanic or Latino. Senior Division IP Counsel, Director, Business Development (Mergers & Acquisitions), Vice President and Senior Division Counsel - Spine. S Give it to us. 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. -Promote vehicle upgrades and additional protections through suggestive . 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. But opting out of some of these cookies may have an effect on your browsing experience. The product portfolio includes hip and knee replacements, endoscopy systems, operating room equipment, embolic coils, hospital beds and gurneys, and spinal devices. Vice President, Chief Corporate Affairs Officer, GlennBoehnlein Inthe military, its about the mission. 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. You cant listen with both ears. 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 . It gives us new ideas. 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. 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. Get contact details including emails and phone numbers Lorem ipsum dolor sit, amet consectetur adipisicing elit. The employee data is based on information from people who have self-reported their past or current employments at Stryker. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Get Contact Info for All Departments. 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. Stryker may also be known as or be related to Stryker and Stryker Corporation. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. 10% of the management team is Black or African American. And almost one out of every three kneesis going in with a robot. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Stryker has 43,000 employees, of which 52 are in a leadership position. But not for anything elective. 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. No credit card required. Enterprise. After submitting your request, you will receive an activation email to the requested email address. Littlethings like that really helped. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. To explore Strykers full profile, request access. They can do allthis on their own inside the walls of theirbuilding. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. If you have a caraccident and your leg has to be repaired,consumerism isnt going to help. Learn about Stryker Corporation (SYK) stock's management team. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. . You guys wanna dress this way or whateverdo this, thats fine.. When we did that deal, investors said, Medtronic said this wasnt a good business. I said, Well, its not good for them because its not a cardiovascular product. White is the most common ethnicity company-wide. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices. Looking for a particular Stryker employee's phone or email? And we had this balance sheet that was very strong. (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. We also learned that with the [number of]deals we do, we need some people who spendall their time on integrations in HR, in operationsand in certain functions in legal andfinance. 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. Stryker Announces Changes to Executive Leadership. Our knee business, we havethe oldest knee on the market. VP, Chief Information Officer & Chief Information Security Officer. 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,. Ms. Owen served as Vice President and Advisor to the Chief Executive Officer of Stryker Corporation [NYSE: SYK], from June 2020 to March 2021 and served as Vice President of Strategy and Investor Relations at Stryker from 2007 to 2020, where she was responsible for overseeing the strategic planning and business development processes, as well as investor relations. Theyre organized. Someof the companies we buy, the owners ofthose companies dont have humility. Every company has their ownmagic, and thats ours. So when customers are changing, we seethings early. Having a great balance sheet 10 years ago or 20 years agoAA or AAAwas a badge of honor. Whatever deal model they put together,it doesnt go on a shelf, it goes into theirbonus plan for the next two years. Our team helps the organization achieve success by providing the right product to the right customer at the right time. 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. The questionis, can you make the business model workand the economics work? Were good at growing. 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 And iftheyre missing their numbers, they feel thepain. free lookups / month. He embodies our mission and values, and we are grateful for his leadership and impressive results. This was seven years ago, buybacks werein vogue. November 4, 1894 I refused to buy back the stock because itsnot a long-term value creator. This site is governed solely by applicable U.S. laws and governmental regulations. We created a common curriculum,a common language around what wecall big-picture marketing training. The company is 33.7% female and 44.1% ethnic minorities. Definitely. 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. Ask him how he's done itas we did at our recent Healthcare CEO Summitand the answer is . Develop and improve features of our offerings. 62% of the management team is White. And Lobo has builta culture capable of repeated success indeal-making. Ask him how hes done itas we did at our recent Healthcare CEO Summitand the answer is pretty simple: deals, each and every one made with an intense focus on customers. He studied at Eastern Michigan University between 1983 and 1987 and American Society of Heating Refrigerating & A-C Engineers. Preston Wells, Vice President, Investor Relations at 269-385-2600 or preston.wells@stryker.com, For media inquiries please contact: He has worked as Associate at Katz Teller; Worldwide Vice President, Litigation at Johnson & Johnson; and Vice President - Law at Ethicon Endo-Surgery, Inc.. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. 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. Its an expectation. {{ userNotificationState.getAlertCount('bell') }}. We sell different types of products and services to both investment professionals and individual investors. I took a lot of heat fromthat. patients annually. 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, enhanced survivability and lethality, expanded fight versatility, and proven tactical agility. You have to listen with one ear to theinvestors. Its a trait that we look for. It createsa lot more power. Get the full list, Youre viewing 5 of 14 subsidiaries. Privacy Policy and We dont want tocompletely change the culture because eachdivision is unique and were buying themfor a reason. 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. 02/23/2022 Kalamazoo, MI, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Stryker (NYSE: SYK) announced today that it has completed the previously announced acquisition of Vocera Communications, Inc. (NYSE: VCRA), a leader in digital care coordination and communication. At Stryker, we promise to treat your data with respect and will not share your information with any third party. The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . Our brand is very strong at treatingpeople we acquire well and growing thebusinesses that we acquire. How do we become indispensableto them? But thats howit works. You also have the option to opt-out of these cookies. Download. Develop, Deliver and Sustain the Army's Premier Wheeled Combat Vehicles to Sustain our Soldiers' Combat Advantage. I wanna use the money foracquisitions. Shareholders were screamingat me, they wanted me to buy back stock. If R&D says no, they say, Well, lets govisit them. Then they get on a plane. Mon, 07-Nov-2022 8:18. Learn more about jobs at Stryker. All these deals, frankly, havejust strengthened our category position justas much as a new product would. 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. Twothings happen: When the board goes to thevisit, I dont have to ask them to put theStryker signage up. I align the business strategize and . Mr. Scannell began his career with Strykers Endoscopy business in 1990 where he served in sales and marketing leadership roles before progressing to roles of greater responsibility, culminating in his appointment to President and Chief Operating Officer in 2018. When they show upon the first day the deals closed, we show up,they sign up for their Stryker benefits. Previously, he was CEO of Genus plc, a leading global agricultural biotechnology company. 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. Additional information concerning these and other factors is contained in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. I get those three answers every time. Its gonnabe a better outcome. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Medical Devices & Equipment, Manufacturing, 2825 Airview Blvd, Kalamazoo, Michigan, 49002, United States. Kevin was born in India, grew up in Canada, and has lived and worked in four countries and four industries. orward- The Program Executive Office for Ground Combat Systems - Stryker Brigade Combat Team, won both the Secretary of the Army and Secretary of Defense team awards for Environmental Excellence in . Stryker is one of the world's leading medical technology companies and, together with our customers, we are driven to make healthcare better. He is the current chair of AdvaMed (Med-Tech trade association) and is a member of the Business Roundtable and Business Council. STRYKER CORPannual reports of executive compensation and pay are most commonly found in the Def 14a documents. I understand business motivations, IT operations and do analysis of related processes, data and networks that link the E2E value stream. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. But now were startingto see in certain organizations, lets put ina Stryker sales leader. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. Verify your identity, personalize the content you receive, or create and administer your account. Vice President, Chief Information Officer and Chief Information Security Officer, Dana McMahon Kevin Lobo (57 yo) 10.33yrs. If you choose to logout it will log you out from all the applications. Rob Fletcher is a Chief Legal Officer at Stryker and is based in Greater Boston. Theres always thenext deal coming. Kevin A. Lobo Chair and CEO Glenn S. Boehnlein Vice President, Chief Financial Officer Robert S. Fletcher Vice President, Chief Legal Officer M. Kathryn Fink Vice President, Chief Human Resources Officer Mr. Boehnlein has global responsibilities for Finance activities, including Corporate Accounting, Reporting, Tax, Treasury and Internal Audit.Mr. The acquisitional tear shows no sign ofabating. Executive Vice President, General Counsel and Secretary. It is an undeniable trendin the future. 10% of the management team is Black or African American. The Stryker management team includes Kevin Lobo (Chair and Chief Executive Officer), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . 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. Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, Stryker headquarters are located in 2825 Airview Blvd, Kalamazoo, Michigan, 49002, United States, Strykers main industries are: Medical Devices & Equipment, Manufacturing, Stryker appears in search results as Stryker, stryker Corp, Stryker Orthopaedics, Microsoft Windows Presentation Foundation (WPF), SAP Business Planning and Consolidation (BPC). If theyre a really good innovativecompany, the last thing I want to do iskill their innovation. Yeah. Alan received an MBA and a bachelors degree in electrical engineering from the University of Maine. Stryker CEO and key executive team Stryker's Chair and CEO is Kevin A. Lobo. 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. Its an EMTproduct, not a heart product. Vice President, Chief Accounting Officer, JeanneBlondia Industry Healthcare, Technology + 2 more Location Weston, FL + 11 more Size 10,000+ employees Perks and Benefits Health & Wellness and more Working at Stryker With more than 43,000 employees globally, Stryker is on a mission to make healthcare better. When I became CEO, Stryker was a very sporadic acquirer. None of the information on this page has been provided or approved by Stryker. Theycare about the legacy. All theother business development people28 peoplesit in each of ourdivisions.. The company offers innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. View all jobs in Redmond at Stryker. Get the full list, Morningstar Institutional Equity Research, Gear mechanisms for fixation frame struts, Systems and methods for airway management. Theyre asleep. We were not great at it early. We startedgetting busy on deals. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Stryker is one of the worlds leading medical technology companies and, together with its customers, is driven to make healthcare better. He is also active with community boards. Learn more atchiefexecutivegroup.com. Kalamazoo, MI 49002
Search, find and apply to job opportunities at Stryker, one of the world's leading medical technology companies. Itwont work. Get the full list, Youre viewing 5 of 80 investments and acquisitions. 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. As we continue to grow, we need leaders like you. Stryker Management. Wewere not a great marketing companyseven or eight years ago. But its notabout the implant now, its about how wellthe knee is balanced and how much softtissue were disrupting. If we can do a lessinvasive procedure, the surgeon can havebetter information with a 3D plan, so theycan make it more personalized. The staff at Stryker come from unusually diverse demographic backgrounds. tatements. You buy thetechnology, and you stick it into your ownR&D team. In our mission statement, it said, Togetherwith our customers, we are driven tomake healthcare better. We are driven,those words were very, very thoughtfullychosen. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Its the first time in the historyof orthopedics that the oldest knee is thefastest-growing knee. The Stryker executive team is 40% female and 60% male. As a new personcoming into orthopedics, I said, Theseimplants are all good now. Our process is not efficient. CEO Kevin Lobo shares a detailed breakdown of how they do it. At Stryker, quality is first in everything we do. I believe focus drives growth. Sales, marketing, R&D, business development, theyre all in the same building. This information is available in the PitchBook Platform. CEO. Its changed over time. We spend 6.5 percent of our revenue on R&D but dont have anycentral R&D at all, he says. Group President, Global Quality and Operations, AndyPierce This story first appeared as the cover story of the March/April 2020 issue of Chief Executive. 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. We created amarketing council, which was voluntary,every division could send whoever theywanted. Stryker is one of the worlds leading medical technology companies and, together with our customers, we are driven to make healthcare better. We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. They usually have distributors,so you get rid of the distributors. Get the full list Andtheyre out the door. Salespeople say, Hey, I saw this great product in surgery. They call marketing, marketing looks over to R&D and says, Hey, did you hear about this product?. Here's a list of some of the top trending technologies and APIs used by Stryker. William works or has worked as MEMBER at American Institute of Certified Public Accountant. WhenMedtronic had it, it was growing 2 percent,3 percentthats why they sold it. So its been wildlysuccessful, but it wasnt that obvious. And guess what? So we think of things in terms of callpoint. Its an emergency medical technology.. It was counterintuitive. Get the full list, To view Strykers complete patent history, request access, Youre viewing 5 of 72 executive team members. By call point. Get Contact Info for All Departments. Average management tenure. I say the term call point very intentionally because its different than what youll hear other CEOs or companies say. Such factors include, but are not limited to: the impact on our operations and financial results of the COVID-19 pandemic and any related policies and actions by governments or other third parties; unexpected liabilities, costs, charges or expenses in connection with the acquisition of Wright Medical Group N.V. (Wright); the effects of the Wright transaction on the parties' relationships with employees, customers, other business partners or governmental entities; weakening of economic conditions that could adversely affect the level of demand for our products; pricing pressures generally, including cost-containment measures that could adversely affect the price of or demand for our products; changes in foreign exchange markets; legislative and regulatory actions; unanticipated issues arising in connection with clinical studies and otherwise that affect U.S. Food and Drug Administration approval of new products, including Wright products; potential supply disruptions; changes in reimbursement levels from third-party payors; a significant increase in product liability claims; the ultimate total cost with respect to recall-related matters; the impact of investigative and legal proceedings and compliance risks; resolution of tax audits; the impact of the federal legislation to reform the United States healthcare system; costs to comply with medical device regulations; changes in financial markets; changes in the competitive environment; our ability to integrate and realize the anticipated benefits of acquisitions in full or at all or within the expected timeframes, including the acquisition of Wright; and our ability to realize anticipated cost savings.