stryker executive team
The move came shortly after the companyclosed on a $500 million deal to purchaseMobius Imaging and its robotics-orientedsister company, GYS Tech. I believe focus drives growth. Public Fundamental Data provided by Morningstar, Inc. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implanta, pariatur. symbol for our common stock traded on the New York Stock Exchange. Learn more atchiefexecutivegroup.com. 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). You must click the activation link in order to complete your subscription. Excerpts of that conversation,edited for clarity and length, follow. Looking for a particular Stryker employee's phone or email? Lorem ipsum dolor sit, amet consectetur adipisicing elit. Alan led the companys worldwide SAP consolidation program, driving the company to a single global ERP instance. Ill give youan example. Here are further demographic highlights of the leadership team: The Stryker executive team is 40% female and 60% male. Stryker employs 38,134 employees. But it will accelerate, and were alreadytalking to our teams about how we starttelling our story. We dont want tocompletely change the culture because eachdivision is unique and were buying themfor a reason. If R&D says no, they say, Well, lets govisit them. Then they get on a plane. Stryker CEO and key executive team Stryker's Chair and CEO is Kevin A. Lobo. So, if someone outbids us,well lose the deal if they outbid us by a lot. Privacy Policy| You may also find the annual proxy statement by going directly to the company's website. Our process is not efficient. Stryker has 5 employees across 55 locations and $18.45 b in annual revenue in FY 2022. 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. Previously, he was CEO of Genus plc, a leading global agricultural biotechnology company. The diversity in Stryker employees extends to employee political beliefs. It is mandatory to procure user consent prior to running these cookies on your website. By providing your email address below, you are providing consent to Stryker to send you the requested Investor Email Alert updates. Itwont work. Provide specific products and services to you, such as portfolio management or data aggregation. 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 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. M attended Kenyon College and Rutgers University School of Management. Most of the products we sell are acuteintervention products. By call point. How we use your information depends on the product and service that you use and your relationship with us. Vice President, Chief Accounting Officer, JeanneBlondia Necessary cookies are absolutely essential for the website to function properly. Get Contact Info for All Departments. Whatever deal model they put together,it doesnt go on a shelf, it goes into theirbonus plan for the next two years. What I say is that people in the corporatecenters of Stryker or shared services, includingme, are in the sell business, not thetell business. How do we become indispensableto them? 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. S Were not goodat cutting costs. We called it the Freshness Index. Its coming. See insights on Stryker including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. I would say were in the very early stagesof consumerism. Were in its infancy right now. All theother business development people28 peoplesit in each of ourdivisions.. Our brand is very strong at treatingpeople we acquire well and growing thebusinesses that we acquire. Basically, within ayear, we want all the signage to be Stryker. Every company has their ownmagic, and thats ours. And guess what? PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. When they show upon the first day the deals closed, we show up,they sign up for their Stryker benefits. You can sign up for additional alert options at any time. Its an umbrella. Thats something that Stryker used to track. I would call andsay, Whats this company theyre buying?[Theyd say], We dont know who they are. Duis aute irure dolor in reprehenderit in, Youre viewing 5 of 41 competitors. So when customers are changing, we seethings early. This story first appeared as the cover story of the March/April 2020 issue of Chief Executive. 11/08/2012. Stryker's key executives include Kevin A. Lobo and 27 others. I refused to buy back the stock because itsnot a long-term value creator. The idea of robotics in orthopedics, mostcustomers told me, We dont need it. Theconsultants that we work with, the orthopedicsurgeons that use our products, said,Were not asking for it. But thats one ofthe areas where there were a few surgeonswho really believed in it. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Get Contact Info for All Departments Stryker Org Chart Kevin Lobo Chair and CEO 8 6 Product & Eng (3.7k) Alan Douville 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. Develop, Deliver and Sustain the Army's Premier Wheeled Combat Vehicles to Sustain our Soldiers' Combat Advantage. The more you do, you getbetter at it, you build muscle, you buildknow-how. Pierce: President: Viju Menon Ph.D: President: You're viewing 5 of 72 executive team members. It ended up being avery good bet. 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. We have to carve out a few resourcesthat are virtually full-time on deals becausetheres so many of them. Its the first time in the historyof orthopedics that the oldest knee is thefastest-growing knee. At Stryker, quality is first in everything we do. 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. Its actuallyvery easy. STRYKER CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Its an emergency medical technology.. Webmaster| 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. Alan received an MBA and a bachelors degree in electrical engineering from the University of Maine. These products and services are usually sold through license agreements or subscriptions. 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? Buthigh drive, high humility is hard to find. They have to convince themselves theycan make the numbers work, because onething we are is very tough on the dealmodel. YinBecker Learn about Stryker Corporation (SYK) stock's management team. 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. Now, those same investors, by the way,are like, Hey, whats the next deal youregonna do?. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. All rights reserved | Chief Executive Group | Privacy Policy. Vice President, Chief Human Resources Officer, RobFletcher Weve had to tweak our model. 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. Group President, MedSurg and Neurotechnology, SpencerStiles Gear advertisements and other marketing efforts towards your interests. If the call point is a nurse, wewrap the products around that OR nurse. Disclaimer| It gives them a lot of motivation. Download. No onesgonna say, [Make] sure that rod is aStryker rod, because theyre under anesthetic. Learn more about jobs at Stryker. We find a way to massagethem. Itsvery entrepreneurial that way. He is also active with community boards. STRYKER CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. orward- During his tenure, hes done55 deals across a spectrum of products andcompaniesrobotics, surgical devices,pharmaceuticalseach and every one strategicallychosen to strengthen a categoryposition. If you dont have the patienceand the fortitude to sell something, go worksomewhere else. So, someone selling to Stryker knows theiremployees will be taken care of and thatwere gonna grow the business, invest inthe business. Prior to this, Karim worked for over 15 . Lets sprinkle in alittle bit more Stryker. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. The questionis, can you make the business model workand the economics work? Go work for a centralizedcompany. 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. 2023 PitchBook. We use that term very intentionally. Littlethings like that really helped. Mr. Boehnlein has global responsibilities for Finance activities, including Corporate Accounting, Reporting, Tax, Treasury and Internal Audit.Mr. This story first appeared as the cover story of the March/April 2020 issue of Chief Executive. Most of the deals we do are simple tuck-in products, theyre obvious. We have a high-performance team of diverse and talented leaders that live our mission and values. Stryker raised a total of $400 M in funding over 1 rounds, and is a public traded company. View all jobs in Redmond at Stryker. Thats exactly right. Get contact details including emails and phone numbers Call-point driven. At Stryker, we promise to treat your data with respect and will not share your information with any third party. 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. Kalamazoo, MI 49002 Get Contact Info for All Departments. And its very unifying forthe organization. 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. Wewere not a great marketing companyseven or eight years ago. 10% of the management team is Black or African American. Develop and improve features of our offerings. Now, people gettheir computers right away on day one. This was very disruptive. Here's a list of some of the top trending technologies and APIs used by Stryker. These responsibilities include oversight of regional businesses, corporate strategy, and business development. I get those three answers every time. If youregonna be put in as division president, youbetter be spending a good percentage ofyour time looking at deals. They sit in the same building. 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. And almost one out of every three kneesis going in with a robot. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. You cant listen with both ears. Privacy Policy and 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. 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. I align the business strategize and . Its a need that we have, we fill the gap. I understand business motivations, IT operations and do analysis of related processes, data and networks that link the E2E value stream. 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. But now were startingto see in certain organizations, lets put ina Stryker sales leader. It createsa lot more power. Were not involved. You have to have high humility. 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. Wehave a common playbook. Knee replacement is a great example. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Andtheyre out the door. In November, Stryker announcedplans to acquire Wright Medical, whichdevelops medical devices for the extremitiesand biologics markets, for $4.7 billion. Fine, you can keep your name. But underneaththat, we have this umbrella calledStryker, which has a common look and feel. But if we get the price close, they prefer tosell to usespecially if its like a lot of thecompanies we buy, which are private, andsometimes family-run businesses. They know the board ofdirectors is coming so they do it themselves. Theyre disciplined. Lorem ipsum dolor sit amet consectetur adipisicing elit. And that is hard to find. He embodies our mission and values, and we are grateful for his leadership and impressive results. Download. Theycare about the legacy. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui off, si ut aliquip ex ea commodo consequat. (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. Stryker excels at identifying emerging opportunitiesacross a broad spectrum of medtech categories. They sold to private equity, and we bought it from private equity. . They can do allthis on their own inside the walls of theirbuilding. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. They have the drive for results,that is what we look for in Stryker. And so those are things were starting todo even getting, you know, more patient advocacy. How does that play out on the ground? Give it to us. VP, Chief Information Officer & Chief Information Security Officer. We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. After submitting your request, you will receive an activation email to the requested email address. Its a trait that we look for. All proxy statements are public filings made available to the general public by the SEC. Vice President, Chief Information Officer and Chief Information Security Officer, Dana McMahon What works at Strykerare people with high drive and low ego. Twothings happen: When the board goes to thevisit, I dont have to ask them to put theStryker signage up. Ask him how he's done itas we did at our recent Healthcare CEO Summitand the answer is . In 2016, Stryker acquired Physio-Control International Inc., which provides heathcare products, data management and support services. When you buy technology without all thepeople, its easy to integrate. Executive Summary. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. They have thiswhole sense of accountable businesses,and theyre very close to their customers. Kevin Lobo (57 yo) 10.33yrs. The staff at Stryker come from unusually diverse demographic backgrounds. That wasnt the case sixyears ago. Get the full list, Youre viewing 5 of 13 board members. But its a great question. 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. Frankly, investors thought it was inefficient. Its 13 yearsold. Were very tough on holding themaccountable to the metrics of the model. Preston Wells, Vice President, Investor Relations at 269-385-2600 or preston.wells@stryker.com, For media inquiries please contact: WhatIve learned is you need to rip the Band-Aidoff quickly. Two of our competitors launched newknees three or four years ago, and weretaking market share from them with an olderknee. Vice President, Investor Relations, BillBerry I have customer focus, I have innovation, Ihave globalization, and then cost transformation. The hardest part is hiringpeople in the corporate staff. For its 2021 fiscal year, STRYKER CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. To explore Strykers full profile, request access. The data presented on this page does not represent the view of Stryker and its employees or that of Zippia. More information is available atwww.stryker.com. 16% of Stryker management is Hispanic or Latino. These cookies do not store any personal information. We have a divisionthats laser-focused on that call point. Because instead of investingin a new knee, we chose to invest in roboticsto help put the knee in perfect balance, andwe chose to invest in one component of theknee thats 3D printed so that you dontneed to use bone cement when you do theprocedure. 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. Search, find and apply to job opportunities at Stryker, one of the world's leading medical technology companies. The Stryker management team includes Kevin Lobo (Chair and Chief Executive Officer), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . We startedgetting busy on deals. He is the current chair of AdvaMed (Med-Tech trade association) and is a member of the Business Roundtable and Business Council.