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. Now, investors are like, Why are you wasting your money? -Promote vehicle upgrades and additional protections through suggestive . This website uses cookies to improve your experience while you navigate through the website. Executive Team. Now, people gettheir computers right away on day one. At my previous company,occasionally we would hear about a competitorbuying a company. Nearly one fourth of Stryker's total revenue currently comes from outside the United States. 11/08/2012. 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. Stryker Corporation, 2825 Airview Boulevard Rob Fletcher is a Chief Legal Officer at Stryker and is based in Greater Boston. But not for anything elective. They have to convince themselves theycan make the numbers work, because onething we are is very tough on the dealmodel. 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. By doing whats right we earn trust, grow our business and achieve our mission. This report is not for commercial use. 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. Dr. Homer Stryker, company founder, is born in Athens, Michigan. But whats changing is were buildingtremendous marketing capabilities. We used to be way too nice tothese companies. 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. Frankly, its just as powerful inside the companyas it is with our customers. CEO Kevin Lobo shares a detailed breakdown of how they do it. How experienced are the management team and are they aligned to shareholders interests? Let me start with whats not changing. But one of the tricks I do, a very subtleway of forcing change, is to take the boardof directors to visit within a year. You may also find the annual proxy statement by going directly to the company's website. Necessary cookies are absolutely essential for the website to function properly. Based on our data team's research, Kevin A. Lobo is the Stryker's CEO. They usually have distributors,so you get rid of the distributors. If the call point is a nurse, wewrap the products around that OR nurse. Coronavirus Tips Working and Protection, For its 2021 fiscal year, STRYKER CORP, listed the following executives on its annual proxy statement to the SEC. Hey, you wanna keep thesame name? If the call point is a neurosurgeon, how dowe bring everything we can to the neurosurgeon? Now, those same investors, by the way,are like, Hey, whats the next deal youregonna do?. The diversity in Stryker employees extends to employee political beliefs. All these deals, frankly, havejust strengthened our category position justas much as a new product would. Its an EMTproduct, not a heart product. we impact more than Vice President, Investor Relations Its gonnabe a better outcome. 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. Vice President, Chief Legal Officer, VijuMenon Ask him how he's done itas we did at our recent Healthcare CEO Summitand the answer is . You have to have high humility. 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. All theother business development people28 peoplesit in each of ourdivisions.. Get the full list, Youre viewing 5 of 14 subsidiaries. Preston Wells, Vice President, Investor Relations at 269-385-2600 or preston.wells@stryker.com, For media inquiries please contact: And we had this balance sheet that was very strong. 62% of the management team is White. 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 Mr. Boehnlein has global responsibilities for Finance activities, including Corporate Accounting, Reporting, Tax, Treasury and Internal Audit.Mr. We used to just feed them with moneyand investment and leave them alone. WhenMedtronic had it, it was growing 2 percent,3 percentthats why they sold it. Alan leads the global IT team across all aspects of application, infrastructure, security and network services as well as supporting all +30,000 employees with projects, support and technical services. During his eight-year tenure, he helped transform Genus into a technology pioneer with leading global franchises in dairy, beef and pork genetics. Alan received an MBA and a bachelors degree in electrical engineering from the University of Maine. More information is available atwww.stryker.com. 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 November 4, 1894 Yeah. Member Since: February 2021. The company offers innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. We screen forhumility. STRYKER CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. You can sign up for additional alert options at any time. We want the mission values on your wall. People who dont have high drivedont do well at Stryker. Vice President, Chief Financial Officer, KatyFink Two of our competitors launched newknees three or four years ago, and weretaking market share from them with an olderknee. Executive Vice President and Chief Financial Officer. As we continue to grow, we need leaders like you. free lookups / month. These responsibilities include oversight of regional businesses, corporate strategy, and business development. Download. Its a structural advantage. 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. Wed like to share more about how we work and what drives our day-to-day business. Were not goodat cutting costs. 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. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. last updated: You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. When you buy technology without all thepeople, its easy to integrate. 16% of Stryker's management is Hispanic or Latino. Get the full list, To view Strykers complete patent history, request access, Youre viewing 5 of 72 executive team members. Theycare about the legacy. Orthopaedics includes the Company's Reconstructive, Trauma and Extremities . . Stryker is one of the worlds leading medical technology companies and, together with its customers, is driven to make healthcare better. If youregonna be put in as division president, youbetter be spending a good percentage ofyour time looking at deals. Thats something that Stryker used to track. I understand business motivations, IT operations and do analysis of related processes, data and networks that link the E2E value stream. Whatever deal model they put together,it doesnt go on a shelf, it goes into theirbonus plan for the next two years. All rights reserved. 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. They know the board ofdirectors is coming so they do it themselves. Every single business has their own sales,their own marketing, their own R&D, theirown business development. Get contact details including emails and phone numbers Thats exactly right. Accessibility/Section 508| 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. We have a knee calledTriathlon, we have the Big Wheel bed. million verified professionals across 35 million companies. Its justbought versus made.. It was my first big deal as CEO. It gives us new ideas. Executive Vice President, General Counsel and Secretary. Mission Together with our customers, we are driven It is an undeniable trendin the future. Stryker Announces Changes to Executive Leadership. 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. It createsa lot more power. Verify your identity, personalize the content you receive, or create and administer your account. Lorem ipsum dolor sit, amet consectetur adipisicing elit. Theyre asleep. This is a profile preview from the PitchBook Platform. 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. We are a growing and evolving organization focused on achieving our mission of making healthcare better. Get the full list, To view Strykers complete esg history, request access, Youre viewing 5 of 7 exits. But it will accelerate, and were alreadytalking to our teams about how we starttelling our story. Wevebecome a much more sophisticated marketingcompany, better price discipline,better price management, better segmentationof customers. Rob attended Boston College Law School between 1993 and 1996 and The Ohio State University between 1988 and 1992. Kevin was born in India, grew up in Canada, and has lived and worked in four countries and four industries. Stryker raised a total of $400 M in funding over 1 rounds, and is a public traded company. Sure. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. You have to listen with one ear to theinvestors. Everyonein the center at Stryker is at the surface ofthe divisions, theyre the center of gravityof our company. Give it to us. 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. Its 13 yearsold. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Prior to that, he was a partner and certified public accountant at Arthur Andersen. Chief Executive Officer. If you experience any issues with this process, please contact us for further assistance. Disclaimer| orward- STRYKER CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. This was very disruptive. So, the orthopedics groups decidednot to invest in that. This story first appeared as the cover story of the March/April 2020 issue of Chief Executive. 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. 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. Previously, he was CEO of Genus plc, a leading global agricultural biotechnology company. Even my customers were very upset, it was a disruptive idea. 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. 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. They can do allthis on their own inside the walls of theirbuilding. For investor inquiries please contact: Our stock went down 5 percent the daywe announced the deal. Why? By providing your email address below, you are providing consent to Stryker to send you the requested Investor Email Alert updates. But its a great question. In 2016, Stryker acquired Physio-Control International Inc., which provides heathcare products, data management and support services. If you dont have the patienceand the fortitude to sell something, go worksomewhere else. Stryker employs 38,134 employees. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. I have customer focus, I have innovation, Ihave globalization, and then cost transformation. The simplest way of describing it is customerfocus, that first pillar of the strategy. 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. 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. 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. Stryker CEO and key executive team Stryker's Chair and CEO is Kevin A. Lobo. Oct 2021 - Jan 20231 year 4 months. 16% of Stryker management is Hispanic or Latino. 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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Sign up for a free account. Theyre organized. The staff at Stryker come from unusually diverse demographic backgrounds. Go work for a centralizedcompany. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices. No onesgonna say, [Make] sure that rod is aStryker rod, because theyre under anesthetic. 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. If R&D says no, they say, Well, lets govisit them. Then they get on a plane. Group President, Global Quality and Operations, AndyPierce Hutchinson . We do customer focus structurally. Its teamfirst, me second. Stryker is 34% female and 66% male company-wide. But that was more of abet that we made. Its a trait that we look for. Get Contact Info for All Departments Stryker Org Chart Kevin Lobo Chair and CEO 8 6 Product & Eng (3.7k) Alan Douville Alan led the companys worldwide SAP consolidation program, driving the company to a single global ERP instance. 130M Webmaster| The more you do, you getbetter at it, you build muscle, you buildknow-how. The company is 33.7% female and 44.1% ethnic minorities. He studied at Eastern Michigan University between 1983 and 1987 and American Society of Heating Refrigerating & A-C Engineers. They have the drive for results,that is what we look for in Stryker. We have a divisionthats laser-focused on that call point. Wewere not a great marketing companyseven or eight years ago. All proxy statements are public filings made available to the general public by the SEC. S "The Stryker program is healthy," offers Col. William Venable, Army project manager for the Stryker Brigade Combat Team. In 2016, Stryker acquired Physio-Control International Inc., which provides heathcare products, data management and support services. Stryker is one of the worlds leading medical technology companies and, together with our customers, we are driven to make healthcare better. Here's a list of some of the top trending technologies and APIs used by Stryker. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. I would say were in the very early stagesof consumerism. We find a way to massagethem. Stryker is a leading medical technology company driven to make healthcare better. You also have the option to opt-out of these cookies. And if we pass onsomething, they know that they can comeback the next week with another deal. Executive Summary. 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. And iftheyre missing their numbers, they feel thepain. 4.5yrs. Looking for a particular Stryker employee's phone or email? Our knee business, we havethe oldest knee on the market. - Designing a more efficient method of performing the procedures. View all jobs in Redmond at Stryker. We have a high-performance team of diverse and talented leaders that live our mission and values. Senior Division IP Counsel, Director, Business Development (Mergers & Acquisitions), Vice President and Senior Division Counsel - Spine. Learn more atchiefexecutivegroup.com. Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. "It's a good time to be in the Stryker business. ooking Vice President, Internal Audit, Alan Douville Public Fundamental Data provided by Morningstar, Inc. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implanta, pariatur. 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. 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. In November, Stryker announcedplans to acquire Wright Medical, whichdevelops medical devices for the extremitiesand biologics markets, for $4.7 billion. Thesethings matter for people. Tim has led teams to excellent performance over time and has been a champion of growth and talent throughout his career, said Mr. Lobo. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. The most common ethnicity among Stryker executive officers is White. I say the term call point very intentionally because its different than what youll hear other CEOs or companies say. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. Vice President, Chief Compliance Officer, Jody Powell 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. 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). Boehnlein began his career with us in 2003 as the Vice President of Finance and IT for our Endoscopy division and has taken on roles of increasing responsibility throughout his career, most recently as Group CFO of MedSurg and Neurotechnology.Prior to joining us, Mr. Boehnlein spent three years with Success TV as CFO. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Learn about Stryker Corporation (SYK) stock's management team. Itwont work. symbol for our common stock traded on the New York Stock Exchange. I would call andsay, Whats this company theyre buying?[Theyd say], We dont know who they are. Its painful,being in the center and having to go to eachdivision president and get them to buy intosomething, it takes longer. I refused to buy back the stock because itsnot a long-term value creator. 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. Get Contact Info for All Departments. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Search, find and apply to job opportunities at Stryker, one of the world's leading medical technology companies. Stryker may also be known as or be related to Stryker and Stryker Corporation. He has worked as Associate at Katz Teller; Worldwide Vice President, Litigation at Johnson & Johnson; and Vice President - Law at Ethicon Endo-Surgery, Inc.. In our mission statement, it said, Togetherwith our customers, we are driven tomake healthcare better. We are driven,those words were very, very thoughtfullychosen. We spend 6.5 percent of our revenue on R&D but dont have anycentral R&D at all, he says. Executive Team. 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. We also use third-party cookies that help us analyze and understand how you use this website. Of all the deals weve done, that was the most controversial. Copyright 2023 Morningstar, Inc. All rights reserved. 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. Someof the companies we buy, the owners ofthose companies dont have humility. See insights on Stryker including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Stryker works closely with a range of partner companies and organisations throughout the design, manufacture, and sale of its products. We called it the Freshness Index. 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. View supply chain jobs at Stryker. Kevin Lobo (57 yo) 10.33yrs. I believe focus drives growth. Group President, MedSurg and Neurotechnology, SpencerStiles We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. Develop and improve features of our offerings. Read our editorial policy to learn more about our process. We were loudlycriticized and even our own customersdidnt support us initially, but now werecoming up on 800 robots in the market. At Stryker, we promise to treat your data with respect and will not share your information with any third party. 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. Weve had to tweak our model. As a new personcoming into orthopedics, I said, Theseimplants are all good now. You guys wanna dress this way or whateverdo this, thats fine.. Stryker Management. The charts on this page feature a breakdown of the total annual pay for the top executives at STRYKER CORP as reported in their proxy statements. patients annually. 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.
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