Privacy Policy and 130M 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. We called it the Freshness Index. Give it to us. If you experience any issues with this process, please contact us for further assistance. Its changed over time. And guess what? Here are further demographic highlights of the leadership team: The Stryker executive team is 40% female and 60% male. Its gonnabe a better outcome. No credit card required. YinBecker NowI just put another product in their bag,focused on the call point. Yeah. Kevin was born in India, grew up in Canada, and has lived and worked in four countries and four industries. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Learn more about jobs at Stryker. It is an undeniable trendin the future. So we think of things in terms of callpoint. 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. Download. . 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. Executive Vice President and Chief Financial Officer. This site is protected by reCAPTCHA and the Google We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. Initially, we were buying products. Stryker employees rate their Executive Team in the Top 5% of similar size companies on Comparably with 10,000+ Employees. Team Leader Analyst Developer, Senior Project NJIT (Former Employee) - Mahwah, NJ - April 27, 2014. Were very tough on holding themaccountable to the metrics of the model. (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. They sit in the same building. 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. The move came shortly after the companyclosed on a $500 million deal to purchaseMobius Imaging and its robotics-orientedsister company, GYS Tech. Ask him how he's done itas we did at our recent Healthcare CEO Summitand the answer is . If theyre a really good innovativecompany, the last thing I want to do iskill their innovation. We have a knee calledTriathlon, we have the Big Wheel bed. patients annually. This report is not for commercial use. Theyre organized. 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. 16% of Stryker's management is Hispanic or Latino. 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. It ended up being avery good bet. Work At Stryker? The Stryker management team includes Kevin Lobo (Chair and Chief Executive Officer), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . Now, investors are like, Why are you wasting your money? Stryker excels at identifying emerging opportunitiesacross a broad spectrum of medtech categories. How does that play out on the ground? Theycare about the legacy. This story first appeared as the cover story of the March/April 2020 issue of Chief Executive. 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. 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?. Wevebecome a much more sophisticated marketingcompany, better price discipline,better price management, better segmentationof customers. This category only includes cookies that ensures basic functionalities and security features of the website. Get Contact Info for All Departments Stryker Org Chart Kevin Lobo Chair and CEO 8 6 Product & Eng (3.7k) Alan Douville Patients care a lot now. Orthopedic Frame Company, Ivy Sports Medicine. And almost one out of every three kneesis going in with a robot. We find a way to massagethem. But whats changing is were buildingtremendous marketing capabilities. Were not involved. Vice President, Corporate Secretary, IreneCorbe Copyright 2023 Morningstar, Inc. All rights reserved. Its thesense of purpose. Alan led the companys worldwide SAP consolidation program, driving the company to a single global ERP instance. 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 an EMTproduct, not a heart product. White is the most common ethnicity company-wide. As we continue to grow, we need leaders like you. The information shown here is a reporting of information included in the company's proxy statement. Senior Division IP Counsel, Director, Business Development (Mergers & Acquisitions), Vice President and Senior Division Counsel - Spine. All proxy statements are public filings made available to the general public by the SEC. The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . Executive Team. What I say is that people in the corporatecenters of Stryker or shared services, includingme, are in the sell business, not thetell business. And that is hard to find. Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Here are further demographic highlights of the leadership team: Kevin serves as the fifth Chairman and CEO at Stryker since it was founded in 1941 by Dr. Homer Stryker, an orthopaedic surgeon. ooking 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. The staff at Stryker come from unusually diverse demographic backgrounds. Its painful,being in the center and having to go to eachdivision president and get them to buy intosomething, it takes longer. 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. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. I wanna use the money foracquisitions. Shareholders were screamingat me, they wanted me to buy back stock. This website uses cookies to improve your experience while you navigate through the website. If you have a caraccident and your leg has to be repaired,consumerism isnt going to help. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices. Andtheyre out the door. David Stryker Executive Vice President, General Counsel and Secretary Anthony Hankins Chief Executive Officer, Asia Pacific and Division President, Polyurethanes Rohit Aggarwal Division President, Textile Effects Scott Wright Division President, Advanced Materials Chuck Hirsch Division President, Performance Products Brittany Benko Chief Executive recently had the opportunityto talk with Lobo about his approach todeal-making. 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 . But that was more of abet that we made. All these deals, frankly, havejust strengthened our category position justas much as a new product would. Our knee business, we havethe oldest knee on the market. 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. It was counterintuitive. Its teamfirst, me second. Accessibility/Section 508| Were good at growing. We always had a habit of putting in aStryker finance people and a Stryker HRperson, typically. 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. Vice President, Chief Human Resources Officer, RobFletcher So, the orthopedics groups decidednot to invest in that. Vice President, Investor Relations Stryker President and COO Timothy J. Scannell to retire. This was very disruptive. Theyre asleep. 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. Theyre going to want to know more. These cookies do not store any personal information. But it is obvious that if you can have a machineour saw bladethats cutting your bone in your knee that will only letyou cut where youre supposed to cutevenif the surgeon tries to cut the PCL ligament,they cant do itwhy wouldnt you wantsome robot that absolutely 100 percentguarantees youre not gonna cut or evennick the PCL? November 4, 1894 We do customer focus structurally. But underneaththat, we have this umbrella calledStryker, which has a common look and feel. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Were not goodat cutting costs. Dan Bigman is Editor and Chief Content Officer of Chief Executive Group, publishers of Chief Executive, Corporate Board Member. 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. Duis aute irure dolor in reprehenderit in, Youre viewing 5 of 41 competitors. But people thatwho dont have that high humility, low ego,they get chewed up and spit out really fast. And we had this balance sheet that was very strong. During his tenure, hes done55 deals across a spectrum of products andcompaniesrobotics, surgical devices,pharmaceuticalseach and every one strategicallychosen to strengthen a categoryposition. WhenMedtronic had it, it was growing 2 percent,3 percentthats why they sold it. Its an umbrella. William works or has worked as MEMBER at American Institute of Certified Public Accountant. The data presented on this page does not represent the view of Stryker and its employees or that of Zippia. Based on our data team's research, Kevin A. Lobo is the Stryker's CEO. Let me start with whats not changing. A team of dedicated professionals delivering reliable world-class wheeled combat vehicles to the Warfighter. Member Since: February 2021. You can sign up for additional alert options at any time. 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. Its justbought versus made.. As a new personcoming into orthopedics, I said, Theseimplants are all good now. 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. 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. Were in its infancy right now. Group President, Global Quality and Operations, AndyPierce It would do one or two deals a year, maybe. for our people, our customers and their patients, our shareholders and our communities. Wewere not a great marketing companyseven or eight years ago. 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,. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. 2023 PitchBook. symbol for our common stock traded on the New York Stock Exchange. Executive Summary. 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. Executive Team. You buy thetechnology, and you stick it into your ownR&D team. Stryker Corporation, 2825 Airview Boulevard (business & personal). The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. M attended Kenyon College and Rutgers University School of Management. 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). Vice President, Chief Compliance Officer, Jody Powell Read our editorial policy to learn more about our process. Vice President, Investor Relations, BillBerry But theyre not asking anybody at corporate. Enterprise. Executive Vice President, General Counsel and Secretary. We started doingacquisitions. We have a high-performance team of diverse and talented leaders that live our mission and values. Now, people gettheir computers right away on day one. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. But opting out of some of these cookies may have an effect on your browsing experience. This was seven years ago, buybacks werein vogue. If you choose to logout it will log you out from all the applications. So it is irrelevant for certain portions ofour business. 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. Get Contact Info for All Departments. See insights on Stryker including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Itwont work. Terms of Service apply. In 2016, Stryker acquired Physio-Control International Inc., which provides heathcare products, data management and support services. 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. Develop, Deliver and Sustain the Army's Premier Wheeled Combat Vehicles to Sustain our Soldiers' Combat Advantage. 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 Thats the way were structured. I would say were in the very early stagesof consumerism. tatements. We were loudlycriticized and even our own customersdidnt support us initially, but now werecoming up on 800 robots in the market. we impact more than When you buy technology without all thepeople, its easy to integrate. 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. The acquisitional tear shows no sign ofabating. Tim has led teams to excellent performance over time and has been a champion of growth and talent throughout his career, said Mr. Lobo. 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. The simplest way of describing it is customerfocus, that first pillar of the strategy. million verified professionals across 35 million companies. So, if someone outbids us,well lose the deal if they outbid us by a lot. Mission Together with our customers, we are driven Stryker raised a total of $400 M in funding over 1 rounds, and is a public traded company. Stryker has 43,000 employees, of which 52 are in a leadership position. Previously, he was CEO of Genus plc, a leading global agricultural biotechnology company. STRYKER CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Prior to that, he was a partner and certified public accountant at Arthur Andersen. Get the full list, Youre viewing 5 of 13 board members. We created a common curriculum,a common language around what wecall big-picture marketing training. When I became CEO, Stryker was a very sporadic acquirer. I refused to buy back the stock because itsnot a long-term value creator. Karim joined Convatec in September 2019. free lookups / month. Most of the products we sell are acuteintervention products. Total Equityaggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Stryker Announces Changes to Executive Leadership. What works at Strykerare people with high drive and low ego. And so those are things were starting todo even getting, you know, more patient advocacy. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui off, si ut aliquip ex ea commodo consequat. Most of the deals we do are simple tuck-in products, theyre obvious. Ill give youan example. Get the full list, Youre viewing 5 of 14 subsidiaries. Chief Executive Officer. We wish Tim and his family the very best in his retirement., Caution Concerning F 16% of Stryker management is Hispanic or Latino. Our Code is our compassit empowers us to move forward the right way. Stryker is 34% female and 66% male company-wide. 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. So, someone selling to Stryker knows theiremployees will be taken care of and thatwere gonna grow the business, invest inthe business. Thats exactly right. 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. We are a growing and evolving organization focused on achieving our mission of making healthcare better. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. We are driven to make healthcare better for our customers by providing innovative products and services that meet regulatory requirements through our effective quality system. STRYKER CORPannual reports of executive compensation and pay are most commonly found in the Def 14a documents. Knee replacement is a great example. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. - Creating an overall flow analysis of the facility rendering the process into Arena software. David Stryker. But thats howit works. Lorem ipsum dolor sit, amet consectetur adipisicing elit. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Theproducts have their own name. Wedont do that anymore. Up to 5 They have the drive for results,that is what we look for in Stryker. The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . Even my customers were very upset, it was a disruptive idea. Rob attended Boston College Law School between 1993 and 1996 and The Ohio State University between 1988 and 1992. This site is governed solely by applicable U.S. laws and governmental regulations. 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 Sign up for a free account. When they show upon the first day the deals closed, we show up,they sign up for their Stryker benefits. The diversity in Stryker employees extends to employee political beliefs. Disclaimer| He embodies our mission and values, and we are grateful for his leadership and impressive results. 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. Oct 2021 - Jan 20231 year 4 months. Absolutely. It is mandatory to procure user consent prior to running these cookies on your website. They usually have distributors,so you get rid of the distributors. Hey, you wanna keep thesame name? 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. S We have a divisionthats laser-focused on that call point. At Stryker, quality is first in everything we do. These products and services are usually sold through license agreements or subscriptions. We used to be way too nice tothese companies. Kevin Lobo (57 yo) 10.33yrs. He is the current chair of AdvaMed (Med-Tech trade association) and is a member of the Business Roundtable and Business Council. Alan is a Certified Information Systems Security Professional (CISSP).Alan joined Stryker in January 2015, from Whirlpool Corporation where he served as VP, global IS operations and security, as well as the CIO of North America. He received his bachelors and masters degrees in accounting from Mississippi State University. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. To explore Strykers full profile, request access. Orthopaedics includes the Company's Reconstructive, Trauma and Extremities . At my previous company,occasionally we would hear about a competitorbuying a company. Go work for a centralizedcompany. Frankly, its just as powerful inside the companyas it is with our customers. So its been wildlysuccessful, but it wasnt that obvious. I have to sell the divisions onwhy they should do anything. Mr. Boehnlein has global responsibilities for Finance activities, including Corporate Accounting, Reporting, Tax, Treasury and Internal Audit.Mr. Littlethings like that really helped. At Stryker, we promise to treat your data with respect and will not share your information with any third party. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. Vice President, Finance and Treasurer, AndrsCedrn High drive, low ego is rare. In our mission statement, it said, Togetherwith our customers, we are driven tomake healthcare better. We are driven,those words were very, very thoughtfullychosen. The company offers innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. 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. {{ userNotificationState.getAlertCount('bell') }}. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Vice President, Internal Audit, Alan Douville Our process is not efficient. - Designing a more efficient method of performing the procedures. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. 4.5yrs. 11/08/2012. All theother business development people28 peoplesit in each of ourdivisions.. iSalute,   Capability Transition & Product Integration. They have to convince themselves theycan make the numbers work, because onething we are is very tough on the dealmodel. In November, Stryker announcedplans to acquire Wright Medical, whichdevelops medical devices for the extremitiesand biologics markets, for $4.7 billion. Sure. Alan received an MBA and a bachelors degree in electrical engineering from the University of Maine. Its a structural advantage. Mon, 07-Nov-2022 8:18. All rights reserved. I have customer focus, I have innovation, Ihave globalization, and then cost transformation. Thesethings matter for people. Its the first time in the historyof orthopedics that the oldest knee is thefastest-growing knee. I killedthe metric because its a useless metricfor some of our businesses. They have thiswhole sense of accountable businesses,and theyre very close to their customers. Search, find and apply to job opportunities at Stryker, one of the world's leading medical technology companies. View supply chain jobs at Stryker. It was my first big deal as CEO. Having a great balance sheet 10 years ago or 20 years agoAA or AAAwas a badge of honor. Coronavirus Tips Working and Protection, For its 2021 fiscal year, STRYKER CORP, listed the following executives on its annual proxy statement to the SEC. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. But to lead teams, you cant have bigego. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Excerpts of that conversation,edited for clarity and length, follow. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. 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. But one of the tricks I do, a very subtleway of forcing change, is to take the boardof directors to visit within a year. 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 .

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