All these deals, frankly, havejust strengthened our category position justas much as a new product would. Dan Bigman is Editor and Chief Content Officer of Chief Executive Group, publishers of Chief Executive, Corporate Board Member. Read our editorial policy to learn more about our process. 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. In November, Stryker announcedplans to acquire Wright Medical, whichdevelops medical devices for the extremitiesand biologics markets, for $4.7 billion. 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. 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. It ended up being avery good bet. Stryker employs 43,000 employees. Orthopedic Frame Company, Ivy Sports Medicine. Its coming. This website uses cookies to improve your experience while you navigate through the website. 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. If you have a caraccident and your leg has to be repaired,consumerism isnt going to help. Buthigh drive, high humility is hard to find. Rob Fletcher is a Chief Legal Officer at Stryker and is based in Greater Boston. They have thiswhole sense of accountable businesses,and theyre very close to their customers. Every company has their ownmagic, and thats ours. Get the full list, To view Strykers complete esg history, request access, Youre viewing 5 of 7 exits. Stryker employs 38,134 employees. All rights reserved | Chief Executive Group | Privacy Policy. Personalize which data points you want to see and create visualizations instantly. See insights on Stryker including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. It is mandatory to procure user consent prior to running these cookies on your website. Key Partners. Get the full list, To view Strykers complete patent history, request access, Youre viewing 5 of 72 executive team members. 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. And Lobo has builta culture capable of repeated success indeal-making. Of all the deals weve done, that was the most controversial. White is the most common ethnicity company-wide. CEO. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Theyre asleep. If theyre a really good innovativecompany, the last thing I want to do iskill their innovation. 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. The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . This site is protected by reCAPTCHA and the Google View supply chain jobs at Stryker. 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. Disclaimer| I get those three answers every time. They have the drive for results,that is what we look for in Stryker. People are going to care muchmore. You have to listen with one ear to theinvestors. patients annually. Thefirst thing thats not changing is we are continuingto specialize our sales forces moreand more at a time when many of our competitorsare actually increasing the size of theproduct bag. Vice President, Internal Audit, Alan Douville Up to 5 Were in its infancy right now. 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. 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. Its an expectation. Develop and improve features of our offerings. What I say is that people in the corporatecenters of Stryker or shared services, includingme, are in the sell business, not thetell business. 269-385-2600. 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. This report is not for commercial use. The acquisitional tear shows no sign ofabating. Necessary cookies are absolutely essential for the website to function properly. million verified professionals across 35 million companies. 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. 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. He is the current chair of AdvaMed (Med-Tech trade association) and is a member of the Business Roundtable and Business Council. We have to carve out a few resourcesthat are virtually full-time on deals becausetheres so many of them. Having a great balance sheet 10 years ago or 20 years agoAA or AAAwas a badge of honor. Mon, 07-Nov-2022 8:18. Thorough reviews have been conducted to assure this data accurately reflects disclosures. They have to convince themselves theycan make the numbers work, because onething we are is very tough on the dealmodel. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui off, si ut aliquip ex ea commodo consequat. 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. They can do allthis on their own inside the walls of theirbuilding. But it will accelerate, and were alreadytalking to our teams about how we starttelling our story. symbol for our common stock traded on the New York Stock Exchange. For R&D engineerswho arent leading large teams to have a bitof an ego is okay. But to lead teams, you cant have bigego. Gear advertisements and other marketing efforts towards your interests. Wehave a common playbook. Effective October 1, 2021 until his retirement, Mr. Scannell will serve as Advisor to the CEO and provide counsel on a range of strategic issues and ensure a smooth transition of his duties, which will be spread between Group Presidents J. Andrew Pierce and Spencer S. Stiles. I would call andsay, Whats this company theyre buying?[Theyd say], We dont know who they are. The hardest part is hiringpeople in the corporate staff. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. For investor inquiries please contact: Itwont work. Our brand is very strong at treatingpeople we acquire well and growing thebusinesses that we acquire. Lorem ipsum dolor sit amet consectetur adipisicing elit. Its a need that we have, we fill the gap. Terms of Service apply. Lets sprinkle in alittle bit more Stryker. 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 Its 13 yearsold. Develop, Deliver and Sustain the Army's Premier Wheeled Combat Vehicles to Sustain our Soldiers' Combat Advantage. Stryker's key executives include Kevin A. Lobo and 27 others. SYK When I became CEO, Stryker was a very sporadic acquirer. 130M 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. The Stryker executive team is 40% female and 60% male. I would say were in the very early stagesof consumerism. 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. 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. As we continue to grow, we need leaders like you. Member Since: February 2021. These cookies do not store any personal information. I refused. Inthe military, its about the mission. The employee data is based on information from people who have self-reported their past or current employments at Stryker. Public Fundamental Data provided by Morningstar, Inc. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implanta, pariatur. He studied at Eastern Michigan University between 1983 and 1987 and American Society of Heating Refrigerating & A-C Engineers. Were good at growing. 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. Philip M. Lister. Download. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. View all jobs in Redmond at Stryker. But not for anything elective. 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. 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. Verify your identity, personalize the content you receive, or create and administer your account. Now, people gettheir computers right away on day one. At my previous company,occasionally we would hear about a competitorbuying a company. Fine, you can keep your name. Its justbought versus made.. Search over 700 So it is irrelevant for certain portions ofour business. We screen forhumility. If youregonna be put in as division president, youbetter be spending a good percentage ofyour time looking at deals. Group President, MedSurg and Neurotechnology, SpencerStiles Executive Vice President, General Counsel and Secretary. After submitting your request, you will receive an activation email to the requested email address. Based on our data team's research, Kevin A. Lobo is the Stryker's CEO. Wed like to share more about how we work and what drives our day-to-day business. 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. Sign up for a free account. Basically, within ayear, we want all the signage to be Stryker. Theycare about the legacy. We were not great at it early. 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?. Dr. Homer Stryker, company founder, is born in Athens, Michigan. Vice President, Corporate Secretary, IreneCorbe Stryker has 43,000 employees, of which 52 are in a leadership position. L 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. Copyright 2023 Morningstar, Inc. All rights reserved. 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. Most of the products we sell are acuteintervention products. But whats changing is were buildingtremendous marketing capabilities. In 2016, Stryker acquired Physio-Control International Inc., which provides heathcare products, data management and support services. Senior Division IP Counsel, Director, Business Development (Mergers & Acquisitions), Vice President and Senior Division Counsel - Spine. Stryker works closely with a range of partner companies and organisations throughout the design, manufacture, and sale of its products. M attended Kenyon College and Rutgers University School of Management. It is an undeniable trendin the future. Stryker employees rate their Executive Team in the Top 5% of similar size companies on Comparably with 10,000+ Employees. It gives us new ideas. Were not goodat cutting costs. William works or has worked as MEMBER at American Institute of Certified Public Accountant. I say the term call point very intentionally because its different than what youll hear other CEOs or companies say. S We called it the Freshness Index. Accessibility/Section 508| We may use it to: To learn more about how we handle and protect your data, visit our privacy center. 4.5yrs. Stryker is 34% female and 66% male company-wide. Frankly, investors thought it was inefficient. Our knee business, we havethe oldest knee on the market. Duis aute irure dolor in reprehenderit in, Youre viewing 5 of 41 competitors. Popular Searches Stryker Corp Stryker Stryker - Corp Stryker A/S Chief Executive Officer. We startedgetting busy on deals. Download. 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 Learn about Stryker Corporation (SYK) stock's management team. Stryker is a leading medical technology company driven to make healthcare better. symbol for our common stock traded on the New York Stock Exchange. Definitely. It was counterintuitive. If R&D says no, they say, Well, lets govisit them. Then they get on a plane. If you open the back of an ambulance,the two most expensive items in the back ofthat ambulance are the powered cottheStrykerand the defibrillator. 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. "The Stryker program is healthy," offers Col. William Venable, Army project manager for the Stryker Brigade Combat Team. Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. Get the full list, Morningstar Institutional Equity Research, Gear mechanisms for fixation frame struts, Systems and methods for airway management. High drive, low ego is rare. During his tenure, hes done55 deals across a spectrum of products andcompaniesrobotics, surgical devices,pharmaceuticalseach and every one strategicallychosen to strengthen a categoryposition. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. But people thatwho dont have that high humility, low ego,they get chewed up and spit out really fast. Vice President, Investor Relations, BillBerry Vice President, Chief Financial Officer, KatyFink That things been growing doubledigits for us since we bought it. In 2016, Stryker acquired Physio-Control International Inc., which provides heathcare products, data management and support services. I wanna use the money foracquisitions. Shareholders were screamingat me, they wanted me to buy back stock. We have a high-performance team of diverse and talented leaders that live our mission and values. This was very disruptive. If you choose to logout it will log you out from all the applications. Theres always thenext deal coming. These cookies will be stored in your browser only with your consent. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. 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? 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. 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. Theyre disciplined. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. We used to just feed them with moneyand investment and leave them alone. If you experience any issues with this process, please contact us for further assistance. Get the full list Our Code is our compassit empowers us to move forward the right way. Team Leader Analyst Developer, Senior Project NJIT (Former Employee) - Mahwah, NJ - April 27, 2014. The questionis, can you make the business model workand the economics work? Group President, Global Quality and Operations, AndyPierce They want to know,Hey, is it being done with robotic surgery,and whats the implant?. Mr. Boehnlein has global responsibilities for Finance activities, including Corporate Accounting, Reporting, Tax, Treasury and Internal Audit.Mr. We wish Tim and his family the very best in his retirement., Caution Concerning F Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. By providing your email address below, you are providing consent to Stryker to send you the requested Investor Email Alert updates. (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 impact more than These responsibilities include oversight of regional businesses, corporate strategy, and business development. They sold to private equity, and we bought it from private equity. If I tell themwhat to do, and Im not selling them on whyto do it, theyre not gonna embrace it. Executive Vice President and Chief Financial Officer. People who dont have high drivedont do well at Stryker. Now, investors are like, Why are you wasting your money? This story first appeared as the cover story of the March/April 2020 issue of Chief Executive. Group President, Orthopaedics and Spine, JasonBeach 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. Hutchinson . Whatever deal model they put together,it doesnt go on a shelf, it goes into theirbonus plan for the next two years. This was seven years ago, buybacks werein vogue. Orthopaedics includes the Company's Reconstructive, Trauma and Extremities . Ask him how he's done itas we did at our recent Healthcare CEO Summitand the answer is . 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). 2023 PitchBook. Prior to that, he was a partner and certified public accountant at Arthur Andersen. Its actuallyvery easy. 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. Stryker Management. Learn more about jobs at Stryker. 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. Most of the deals we do are simple tuck-in products, theyre obvious. 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. We used to be way too nice tothese companies. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Kevin was born in India, grew up in Canada, and has lived and worked in four countries and four industries. And even though we do a lot of deals,we only have two people in corporate business development. 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. All rights reserved. No onesgonna say, [Make] sure that rod is aStryker rod, because theyre under anesthetic. Thesethings matter for people. -Core team contributor to 250K in monthly store revenue. Its changed over time. He has worked as Associate at Katz Teller; Worldwide Vice President, Litigation at Johnson & Johnson; and Vice President - Law at Ethicon Endo-Surgery, Inc.. 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. 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. Nearly one fourth of Stryker's total revenue currently comes from outside the United States. Preston Wells, Vice President, Investor Relations at 269-385-2600 or preston.wells@stryker.com, For media inquiries please contact: November 4, 1894 We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. 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 free lookups / month. They know the board ofdirectors is coming so they do it themselves. The result? We use that term very intentionally. 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 . 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. You also have the option to opt-out of these cookies. Our management | Stryker About Medical and Surgical Equipment Our management We have a high-performance team of diverse and talented leaders that live our mission and values. At Stryker, we promise to treat your data with respect and will not share your information with any third party. Oct 2021 - Jan 20231 year 4 months. 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.
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