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. 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. And Lobo has builta culture capable of repeated success indeal-making. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Hutchinson . Kalamazoo, MI 49002 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. 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 good at growing. In November, Stryker announcedplans to acquire Wright Medical, whichdevelops medical devices for the extremitiesand biologics markets, for $4.7 billion. That things been growing doubledigits for us since we bought it. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Pierce: President: Viju Menon Ph.D: President: You're viewing 5 of 72 executive team members. If you dont have the patienceand the fortitude to sell something, go worksomewhere else. The information shown here is a reporting of information included in the company's proxy statement. Were very tough on holding themaccountable to the metrics of the model. Webmaster| No credit card required. Itwont work. If the call point is a nurse, wewrap the products around that OR nurse. 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. They have thiswhole sense of accountable businesses,and theyre very close to their customers. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. Get Contact Info for All Departments Stryker Org Chart Kevin Lobo Chair and CEO 8 6 Product & Eng (3.7k) Alan Douville The move came shortly after the companyclosed on a $500 million deal to purchaseMobius Imaging and its robotics-orientedsister company, GYS Tech. Its the first time in the historyof orthopedics that the oldest knee is thefastest-growing knee. But one of the tricks I do, a very subtleway of forcing change, is to take the boardof directors to visit within a year. These cookies will be stored in your browser only with your consent. We use that term very intentionally. 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?. And iftheyre missing their numbers, they feel thepain. How do we become indispensableto them? 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. This story first appeared as the cover story of the March/April 2020 issue of Chief Executive. These products and services are usually sold through license agreements or subscriptions. We created a common curriculum,a common language around what wecall big-picture marketing training. 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. So when customers are changing, we seethings early. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. It was my first big deal as CEO. Go work for a centralizedcompany. Preston Wells, Vice President, Investor Relations at 269-385-2600 or preston.wells@stryker.com, For media inquiries please contact: Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, Stryker headquarters are located in 2825 Airview Blvd, Kalamazoo, Michigan, 49002, United States, Strykers main industries are: Medical Devices & Equipment, Manufacturing, Stryker appears in search results as Stryker, stryker Corp, Stryker Orthopaedics, Microsoft Windows Presentation Foundation (WPF), SAP Business Planning and Consolidation (BPC). I understand business motivations, IT operations and do analysis of related processes, data and networks that link the E2E value stream. It gives us new ideas. Were not involved. He has worked as Associate at Katz Teller; Worldwide Vice President, Litigation at Johnson & Johnson; and Vice President - Law at Ethicon Endo-Surgery, Inc.. 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. Search over 700 10% of the management team is Black or African American. Oct 2021 - Jan 20231 year 4 months. for our people, our customers and their patients, our shareholders and our communities. Inthe military, its about the mission. The questionis, can you make the business model workand the economics work? He is also active with community boards. Theyre organized. Our Code is our compassit empowers us to move forward the right way. Kevin was born in India, grew up in Canada, and has lived and worked in four countries and four industries. These cookies do not store any personal information. 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. 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. Personalize which data points you want to see and create visualizations instantly. White is the most common ethnicity company-wide. But underneaththat, we have this umbrella calledStryker, which has a common look and feel. Even my customers were very upset, it was a disruptive idea. So, someone selling to Stryker knows theiremployees will be taken care of and thatwere gonna grow the business, invest inthe business. 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. This website uses cookies to improve your experience while you navigate through the website. 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. free lookups / month. This site is governed solely by applicable U.S. laws and governmental regulations. 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. 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 want to know,Hey, is it being done with robotic surgery,and whats the implant?. They know the board ofdirectors is coming so they do it themselves. We wish Tim and his family the very best in his retirement., Caution Concerning F Its an EMTproduct, not a heart product. Two of our competitors launched newknees three or four years ago, and weretaking market share from them with an olderknee. Our team helps the organization achieve success by providing the right product to the right customer at the right time. Theyre asleep. Our knee business, we havethe oldest knee on the market. But whats changing is were buildingtremendous marketing capabilities. Stryker employs 38,134 employees. All rights reserved | Chief Executive Group | Privacy Policy. last updated: All these deals, frankly, havejust strengthened our category position justas much as a new product would. Its an umbrella. I killedthe metric because its a useless metricfor some of our businesses. I refused. (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. 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). Its an expectation. When a hospitalcustomer is thinking, Who shouldI be partnering with for neurosurgery ororthopedic surgery? We want to be the obviouschoice. The acquisitional tear shows no sign ofabating. Copyright 2023 Morningstar, Inc. All rights reserved. Get the full list, To view Strykers complete patent history, request access, Youre viewing 5 of 72 executive team members. Stryker is 34% female and 66% male company-wide. By call point. 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. United States. 130M WhatIve learned is you need to rip the Band-Aidoff quickly. Stryker excels at identifying emerging opportunitiesacross a broad spectrum of medtech categories. Get the full list, Youre viewing 5 of 14 subsidiaries. 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. 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. Theproducts have their own name. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. VP, Chief Information Officer & Chief Information Security Officer. We also use third-party cookies that help us analyze and understand how you use this website. - Designing a more efficient method of performing the procedures. Someof the companies we buy, the owners ofthose companies dont have humility. Call-point driven. symbol for our common stock traded on the New York Stock Exchange. Orthopaedics includes the Company's Reconstructive, Trauma and Extremities . The company is 33.7% female and 44.1% ethnic minorities. Get the full list, To view Strykers complete esg history, request access, Youre viewing 5 of 7 exits. The more you do, you getbetter at it, you build muscle, you buildknow-how. Popular Searches Stryker Corp Stryker Stryker - Corp Stryker A/S Vice President, Chief Information Officer and Chief Information Security Officer, Dana McMahon But thats howit works. Download. All theother business development people28 peoplesit in each of ourdivisions.. NowI just put another product in their bag,focused on the call point. Theycare about the legacy. View all jobs in Redmond at Stryker. Fine, you can keep your name. 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. Group President, Orthopaedics and Spine, JasonBeach 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. 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. Rob Fletcher is a Chief Legal Officer at Stryker and is based in Greater Boston. And we had this balance sheet that was very strong. Weve had to tweak our model. This is a profile preview from the PitchBook Platform. But opting out of some of these cookies may have an effect on your browsing experience. Our process is not efficient. Chief Executive recently had the opportunityto talk with Lobo about his approach todeal-making. And guess what? Get contact details including emails and phone numbers Stryker has 43,000 employees, of which 52 are in a leadership position. Its thesense of purpose. Alan led the companys worldwide SAP consolidation program, driving the company to a single global ERP instance. Learn more atchiefexecutivegroup.com. Stryker employs 38,134 employees. Get the full list, Morningstar Institutional Equity Research, Gear mechanisms for fixation frame struts, Systems and methods for airway management. Vice President, Investor Relations 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 You have to listen with one ear to theinvestors. Now, people gettheir computers right away on day one. Stryker serves an international customer base spanning more than 100 countries, serving healthcare professionals, medical facilities, and specialist equipment and device distributors. Stryker raised a total of $400 M in funding over 1 rounds, and is a public traded company. For investor inquiries please contact: We have to carve out a few resourcesthat are virtually full-time on deals becausetheres so many of them. Duis aute irure dolor in reprehenderit in, Youre viewing 5 of 41 competitors. Enterprise. Were in its infancy right now. Thats something that Stryker used to track. Littlethings like that really helped. The Stryker management team includes Kevin Lobo (Chair and Chief Executive Officer), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . Karim joined Convatec in September 2019. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Chief Executive Officer. How does that play out on the ground? Nearly one fourth of Stryker's total revenue currently comes from outside the United States. 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. Were the fastest-growingimplant company in the market, have beenfor the last four or five years. When they show upon the first day the deals closed, we show up,they sign up for their Stryker benefits. You have to have high humility. This was seven years ago, buybacks werein vogue. Enter employee name to find & verify emails, phones, social links, etc. Stryker works closely with a range of partner companies and organisations throughout the design, manufacture, and sale of its products. William works or has worked as MEMBER at American Institute of Certified Public Accountant. You guys wanna dress this way or whateverdo this, thats fine.. For R&D engineerswho arent leading large teams to have a bitof an ego is okay. 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. At Stryker, quality is first in everything we do. I took a lot of heat fromthat. Medical Devices & Equipment, Manufacturing, 2825 Airview Blvd, Kalamazoo, Michigan, 49002, United States. And even though we do a lot of deals,we only have two people in corporate business development. If the call point is a neurosurgeon, how dowe bring everything we can to the neurosurgeon? Weve had great success with men andwomen coming out of the military. Executive Compensation in Private Companies Report, Flex Focuses On Autonomation For Best Returns From Digitalizing, AP Automation: Medicine For A Looming Recession. You cant listen with both ears. The hardest part is hiringpeople in the corporate staff. Group President, MedSurg and Neurotechnology, SpencerStiles Its a trait that we look for. Vice President, Corporate Secretary, IreneCorbe Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. 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. 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. During his eight-year tenure, he helped transform Genus into a technology pioneer with leading global franchises in dairy, beef and pork genetics. Tim has led teams to excellent performance over time and has been a champion of growth and talent throughout his career, said Mr. Lobo. - Optimizing current cleaning and packaging capabilities of the Stryker Mahwah location. So, if someone outbids us,well lose the deal if they outbid us by a lot. ooking Thats the way were structured. CEO Kevin Lobo shares a detailed breakdown of how they do it. Privacy Policy| 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. Learn more about jobs at Stryker. They can do allthis on their own inside the walls of theirbuilding. Stryker is a leading medical technology company driven to make healthcare better. I align the business strategize and . 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. So, the orthopedics groups decidednot to invest in that. Frankly, investors thought it was inefficient. In 2016, Stryker acquired Physio-Control International Inc., which provides heathcare products, data management and support services. If you choose to logout it will log you out from all the applications. Stryker employees rate their Executive Team in the Top 5% of similar size companies on Comparably with 10,000+ Employees. 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,. This information is available in the PitchBook Platform. The employee data is based on information from people who have self-reported their past or current employments at Stryker. 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. Kevin Lobo (57 yo) 10.33yrs. It was counterintuitive. Everyonein the center at Stryker is at the surface ofthe divisions, theyre the center of gravityof our company. Lets sprinkle in alittle bit more Stryker. But to lead teams, you cant have bigego. 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. M attended Kenyon College and Rutgers University School of Management. 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. We want the mission values on your wall. 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 STRYKER CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. L Based on our data team's research, Kevin A. Lobo is the Stryker's CEO. Develop, Deliver and Sustain the Army's Premier Wheeled Combat Vehicles to Sustain our Soldiers' Combat Advantage. tatements. We have a divisionthats laser-focused on that call point. The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . I believe focus drives growth. Andtheyre out the door. Vice President, Chief Legal Officer, VijuMenon And that is hard to find. 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. We spend 6.5 percent of our revenue on R&D but dont have anycentral R&D at all, he says. I get those three answers every time. Rob attended Boston College Law School between 1993 and 1996 and The Ohio State University between 1988 and 1992. This was very disruptive. Vice President, Chief Compliance Officer, Jody Powell 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. 11/08/2012. 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 . Looking for a particular Stryker employee's phone or email? Stryker Management. Mako is the brand for roboticin orthopedics. I have to sell the divisions onwhy they should do anything. Whatever deal model they put together,it doesnt go on a shelf, it goes into theirbonus plan for the next two years. Stryker is one of the worlds leading medical technology companies and, together with our customers, we are driven to make healthcare better. Thesethings matter for people. Verify your identity, personalize the content you receive, or create and administer your account. Coronavirus Tips Working and Protection, For its 2021 fiscal year, STRYKER CORP, listed the following executives on its annual proxy statement to the SEC. The diversity in Stryker employees extends to employee political beliefs. At Stryker, we promise to treat your data with respect and will not share your information with any third party. Most of the deals we do are simple tuck-in products, theyre obvious. He studied at Eastern Michigan University between 1983 and 1987 and American Society of Heating Refrigerating & A-C Engineers. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. People who dont have high drivedont do well at Stryker. Alan received an MBA and a bachelors degree in electrical engineering from the University of Maine. If you choose to logout it will log you out from all the applications. Get the full list, Youre viewing 5 of 13 board members. Every company has their ownmagic, and thats ours. The data presented on this page does not represent the view of Stryker and its employees or that of Zippia. 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. Ill give youan example. I would say were in the very early stagesof consumerism. Orthopedic Frame Company, Ivy Sports Medicine. If theyre a really good innovativecompany, the last thing I want to do iskill their innovation. We created amarketing council, which was voluntary,every division could send whoever theywanted. 16% of Stryker's management is Hispanic or Latino. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. 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. 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. How we use your information depends on the product and service that you use and your relationship with us. View supply chain jobs at Stryker. we impact more than This story first appeared as the cover story of the March/April 2020 issue of Chief Executive.
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