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Develop and improve features of our offerings. No credit card required. Necessary cookies are absolutely essential for the website to function properly. Pierce: President: Viju Menon Ph.D: President: You're viewing 5 of 72 executive team members. Search over 700 However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. We also use third-party cookies that help us analyze and understand how you use this website. When a hospitalcustomer is thinking, Who shouldI be partnering with for neurosurgery ororthopedic surgery? We want to be the obviouschoice. Its justbought versus made.. Download. If you open the back of an ambulance,the two most expensive items in the back ofthat ambulance are the powered cottheStrykerand the defibrillator. Effective March 31, Hutchinson joined Stryker's executive leadership team and expanded his role to include Corporate Compliance and the Corporate Secretary function, the company stated. 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 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. 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 . Average management tenure. 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. Provide specific products and services to you, such as portfolio management or data aggregation. STRYKER CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Why? The company offers innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. Even my customers were very upset, it was a disruptive idea. Win whats next. After submitting your request, you will receive an activation email to the requested email address. You may also find the annual proxy statement by going directly to the company's website. Thats exactly right. The information shown here is a reporting of information included in the company's proxy statement. So, if someone outbids us,well lose the deal if they outbid us by a lot. 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. I believe focus drives growth. Develop, Deliver and Sustain the Army's Premier Wheeled Combat Vehicles to Sustain our Soldiers' Combat Advantage. Every single business has their own sales,their own marketing, their own R&D, theirown business development. Senior Division IP Counsel, Director, Business Development (Mergers & Acquisitions), Vice President and Senior Division Counsel - Spine. If the call point is a nurse, wewrap the products around that OR nurse. Learn more atchiefexecutivegroup.com. The move came shortly after the companyclosed on a $500 million deal to purchaseMobius Imaging and its robotics-orientedsister company, GYS Tech. This is a profile preview from the PitchBook Platform. Rob Fletcher is a Chief Legal Officer at Stryker and is based in Greater Boston. Its the first time in the historyof orthopedics that the oldest knee is thefastest-growing knee. Looking for a particular Stryker employee's phone or email? Its 13 yearsold. Terms of Service apply. If you dont have the patienceand the fortitude to sell something, go worksomewhere else. 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. Our stock went down 5 percent the daywe announced the deal. Privacy Policy and How does that play out on the ground? PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. The acquisitional tear shows no sign ofabating. Accessibility/Section 508| Vice President, Investor Relations The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. VP, Chief Information Officer & Chief Information Security Officer. Executive Vice President, General Counsel and Secretary. Wedont do that anymore. If you choose to logout it will log you out from all the applications. All these deals, frankly, havejust strengthened our category position justas much as a new product would. Search, find and apply to job opportunities at Stryker, one of the world's leading medical technology companies. Andtheyre out the door. Kevin Lobo (57 yo) 10.33yrs. These cookies do not store any personal information. If R&D says no, they say, Well, lets govisit them. Then they get on a plane. Executive Summary. 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. Vice President, Chief Compliance Officer, Jody Powell This was very disruptive. Yin Becker, Vice President, Chief Corporate Affairs Officer at 269-385-2600 or yin.becker@stryker.com, Jason Beach You can sign up for additional alert options at any time. So, someone selling to Stryker knows theiremployees will be taken care of and thatwere gonna grow the business, invest inthe business. Alan received an MBA and a bachelors degree in electrical engineering from the University of Maine. Group President, Orthopaedics and Spine, JasonBeach Stryker is a leading medical technology company with over 40,000 employees. Stryker is 34% female and 66% male company-wide. Get contact details including emails and phone numbers Copyright 2023 Morningstar, Inc. All rights reserved. You have to have high humility. We called it the Freshness Index. For investor inquiries please contact: 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. When you buy technology without all thepeople, its easy to integrate. None of the information on this page has been provided or approved by Stryker. We were not great at it early. Howdo we become really excellent in that callpoint and solve their problems in the callpoint? Stryker employs 38,134 employees. This category only includes cookies that ensures basic functionalities and security features of the website. But theyre not asking anybody at corporate. I refused. We started doingacquisitions. How we use your information depends on the product and service that you use and your relationship with us. We have a high-performance team of diverse and talented leaders that live our mission and values. I thought we were being overlyconservative as a company with our cash. Get the full list, Youre viewing 5 of 80 investments and acquisitions. For its 2021 fiscal year, STRYKER CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. So it is irrelevant for certain portions ofour business. Itwont work. 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. You have to listen with one ear to theinvestors. I get those three answers every time. . Executive Vice President and Chief Financial Officer. People are going to care muchmore. Executive Team. Vice President, Chief Financial Officer, KatyFink And guess what? 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. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Up to 5 Alan led the companys worldwide SAP consolidation program, driving the company to a single global ERP instance. The IT department and the HR department are more confident in their Executive Team, while the Finance department and the Product department think there is room for improvement. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices. Mr. Boehnlein has global responsibilities for Finance activities, including Corporate Accounting, Reporting, Tax, Treasury and Internal Audit.Mr. 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. . We startedgetting busy on deals. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. symbol for our common stock traded on the New York Stock Exchange. Stryker Management. I refused to buy back the stock because itsnot a long-term value creator. Go work for a centralizedcompany. View supply chain jobs at Stryker. Definitely. Stryker works closely with a range of partner companies and organisations throughout the design, manufacture, and sale of its products. These responsibilities include oversight of regional businesses, corporate strategy, and business development. Orthopaedics includes the Company's Reconstructive, Trauma and Extremities . The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . Prior to that, he was a partner and certified public accountant at Arthur Andersen. In November, Stryker announcedplans to acquire Wright Medical, whichdevelops medical devices for the extremitiesand biologics markets, for $4.7 billion. Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. With soaring M&A expected in the post-COVID climate, CFOs would be wise to borrow a page from Stryker, which doubled revenue through dealmaking. 11/08/2012. CEO Kevin Lobo shares a detailed breakdown of how they do it. Orthopedic Frame Company, Ivy Sports Medicine. - Optimizing current cleaning and packaging capabilities of the Stryker Mahwah location. Inthe military, its about the mission. If I tell themwhat to do, and Im not selling them on whyto do it, theyre not gonna embrace it. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The more you do, you getbetter at it, you build muscle, you buildknow-how. Its thesense of purpose. But not for anything elective. At Stryker, we promise to treat your data with respect and will not share your information with any third party. If youregonna be put in as division president, youbetter be spending a good percentage ofyour time looking at deals. We know how toinnovate and create new cycles of this innovation. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. I killedthe metric because its a useless metricfor some of our businesses. Prior to this, Karim worked for over 15 . David Stryker. STRYKER CORPannual reports of executive compensation and pay are most commonly found in the Def 14a documents. Most of the products we sell are acuteintervention products. But opting out of some of these cookies may have an effect on your browsing experience. Vice President, Chief Human Resources Officer, RobFletcher 10% of the management team is Black or African American. Itsvery entrepreneurial that way. In 2016, Stryker acquired Physio-Control International Inc., which provides heathcare products, data management and support services. Mako is the brand for roboticin orthopedics. Work At Stryker? But to lead teams, you cant have bigego. Vice President, Chief Corporate Affairs Officer, GlennBoehnlein Hutchinson . This site is governed solely by applicable U.S. laws and governmental regulations. 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. Its actuallyvery easy. Excerpts of that conversation,edited for clarity and length, follow. We screen forhumility. If the call point is a neurosurgeon, how dowe bring everything we can to the neurosurgeon? "The Stryker program is healthy," offers Col. William Venable, Army project manager for the Stryker Brigade Combat Team. orward- Our process is not efficient. 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. This site is protected by reCAPTCHA and the Google We disclaim any intention or obligation to publicly update or revise any forward-looking statement to reflect any change in our expectations or in events, conditions or circumstances on which those expectations may be based, or that affect the likelihood that actual results will differ from those contained in the forward-looking statements. And so those are things were starting todo even getting, you know, more patient advocacy. Now, investors are like, Why are you wasting your money? free lookups / month. United States. By call point. People who dont have high drivedont do well at Stryker. Our team helps the organization achieve success by providing the right product to the right customer at the right time. And Lobo has builta culture capable of repeated success indeal-making. 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. Alan led the companys worldwide operational excellence program, driving the company to align operations and security to match the global growth requirements of the enterprise. For R&D engineerswho arent leading large teams to have a bitof an ego is okay. View all jobs in Redmond at Stryker. Vice President, Investor Relations, BillBerry Get the full list, To view Strykers complete esg history, request access, Youre viewing 5 of 7 exits. I took a lot of heat fromthat. Yeah. Weve had great success with men andwomen coming out of the military. S In our mission statement, it said, Togetherwith our customers, we are driven tomake healthcare better. We are driven,those words were very, very thoughtfullychosen. 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. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Frankly, its just as powerful inside the companyas it is with our customers. We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. Mission Together with our customers, we are driven (business & personal). White is the most common ethnicity company-wide. Stryker has 43,000 employees, of which 52 are in a leadership position. It createsa lot more power. Verify your identity, personalize the content you receive, or create and administer your account. Were very tough on holding themaccountable to the metrics of the model. Those peopleneed the lowest ego, because nobody careswhat your title is at Stryker. Streamline Healthcare Solutions, LLC Jobs Near Me, Electrical Engineer Internship jobs at Stryker, Information Technology Internship jobs at Stryker, Manager/Finance Accounting jobs at Stryker, Senior Quality Assurance Engineer jobs at Stryker. 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. Group President, Global Quality and Operations, AndyPierce And even though we do a lot of deals,we only have two people in corporate business development. Wevebecome a much more sophisticated marketingcompany, better price discipline,better price management, better segmentationof customers. Basically, within ayear, we want all the signage to be Stryker. Someof the companies we buy, the owners ofthose companies dont have humility. Stryker has 5 employees across 55 locations and $18.45 b in annual revenue in FY 2022. WhenMedtronic had it, it was growing 2 percent,3 percentthats why they sold it. Sure. Its an EMTproduct, not a heart product. And iftheyre missing their numbers, they feel thepain. Let me start with whats not changing. 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. Read our editorial policy to learn more about our process. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. All rights reserved. Looking for a particular Stryker employee's phone or email? iSalute,   Capability Transition & Product Integration. We spend 6.5 percent of our revenue on R&D but dont have anycentral R&D at all, he says. We find a way to massagethem. They have the drive for results,that is what we look for in Stryker. I have customer focus, I have innovation, Ihave globalization, and then cost transformation. 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. Now, people gettheir computers right away on day one. 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. That things been growing doubledigits for us since we bought it. Its gonnabe a better outcome. We have to carve out a few resourcesthat are virtually full-time on deals becausetheres so many of them. 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. Patients care a lot now. We dont want tocompletely change the culture because eachdivision is unique and were buying themfor a reason. Of all the deals weve done, that was the most controversial. It was my first big deal as CEO. Stryker raised a total of $400 M in funding over 1 rounds, and is a public traded company. ooking 16% of Stryker's management is Hispanic or Latino. Were not involved. Duis aute irure dolor in reprehenderit in, Youre viewing 5 of 41 competitors. Theyre disciplined. Learn more about jobs at Stryker. 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. 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. They usually have distributors,so you get rid of the distributors. Kevin was born in India, grew up in Canada, and has lived and worked in four countries and four industries. Public Fundamental Data provided by Morningstar, Inc. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implanta, pariatur. 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. But underneaththat, we have this umbrella calledStryker, which has a common look and feel. In 2016, Stryker acquired Physio-Control International Inc., which provides heathcare products, data management and support services. 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. 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. How do we become indispensableto them? symbol for our common stock traded on the New York Stock Exchange. 16% of Stryker management is Hispanic or Latino. Privacy Policy| 10% of the management team is Black or African American. Its painful,being in the center and having to go to eachdivision president and get them to buy intosomething, it takes longer. Stryker President and COO Timothy J. Scannell to retire. To explore Strykers full profile, request access. 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?. This information is available in the PitchBook Platform. L 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. Diageo is the worlds leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits, wine and beer categories, with revenues of $20 billion.Alan is a member of Beta Gamma Sigma Fraternity Business Management Forum. View all jobs in Redmond at Stryker. It would do one or two deals a year, maybe. Executive Team. Stryker is one of the world's leading medical technology companies and, together with our customers, we are driven to make healthcare better. William works or has worked as MEMBER at American Institute of Certified Public Accountant. Vice President, Internal Audit, Alan Douville Stryker employs 38,134 employees. 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. Here are further demographic highlights of the leadership team: The Stryker executive team is 40% female and 60% male. Get Contact Info for All Departments. M Kathryn 'Katy' Fink is a VP/Chief Human Resources Officer at Stryker and Board Member at Bronson Health Care Group Inc. She has worked as VP:Talent Management at Stryker and VP:Human Resources at Stryker. Frankly, investors thought it was inefficient. 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. See insights on Stryker including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. At my previous company,occasionally we would hear about a competitorbuying a company. Give it to us. Key Partners. Philip M. Lister. Based on our data team's research, Kevin A. Lobo is the Stryker's CEO. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. M attended Kenyon College and Rutgers University School of Management. How experienced are the management team and are they aligned to shareholders interests? Its an emergency medical technology.. 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. Previously, he was CEO of Genus plc, a leading global agricultural biotechnology company. And if we pass onsomething, they know that they can comeback the next week with another deal. Everyonein the center at Stryker is at the surface ofthe divisions, theyre the center of gravityof our company. During his eight-year tenure, he helped transform Genus into a technology pioneer with leading global franchises in dairy, beef and pork genetics. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. Sign up for a free account. Fine, you can keep your name. He received his bachelors and masters degrees in accounting from Mississippi State University. 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. But whats changing is were buildingtremendous marketing capabilities. Wed like to share more about how we work and what drives our day-to-day business. When I became CEO, Stryker was a very sporadic acquirer.