I have customer focus, I have innovation, Ihave globalization, and then cost transformation. Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. It would do one or two deals a year, maybe. 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. Inthe military, its about the mission. Most of the products we sell are acuteintervention products. This story first appeared as the cover story of the March/April 2020 issue of Chief Executive. This was seven years ago, buybacks werein vogue. Stryker employees rate their Executive Team in the Top 5% of similar size companies on Comparably with 10,000+ Employees. Why? "The Stryker program is healthy," offers Col. William Venable, Army project manager for the Stryker Brigade Combat Team. Stryker is one of the world's leading medical technology companies and, together with our customers, we are driven to make healthcare better. So, if someone outbids us,well lose the deal if they outbid us by a lot. And its very unifying forthe organization. We screen forhumility. So it is irrelevant for certain portions ofour business. Stryker employs 43,000 employees. 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. I thought we were being overlyconservative as a company with our cash. Were in its infancy right now. 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. The acquisitional tear shows no sign ofabating. And if we pass onsomething, they know that they can comeback the next week with another deal. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Read our editorial policy to learn more about our process. Mr. Boehnlein has global responsibilities for Finance activities, including Corporate Accounting, Reporting, Tax, Treasury and Internal Audit.Mr. As we continue to grow, we need leaders like you. Someof the companies we buy, the owners ofthose companies dont have humility. We want the mission values on your wall. To explore Strykers full profile, request access. Theycare about the legacy. Stryker's key executives include Kevin A. Lobo and 27 others. 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. He is the current chair of AdvaMed (Med-Tech trade association) and is a member of the Business Roundtable and Business Council. Stryker CEO and key executive team Stryker's Chair and CEO is Kevin A. Lobo. The company is 33.7% female and 44.1% ethnic minorities. A team of dedicated professionals delivering reliable world-class wheeled combat vehicles to the Warfighter. Sure. How we use your information depends on the product and service that you use and your relationship with us. Stryker raised a total of $400 M in funding over 1 rounds, and is a public traded company. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Its a structural advantage. Terms of Service apply. Vice President, Chief Information Officer and Chief Information Security Officer, Dana McMahon Buthigh drive, high humility is hard to find. These responsibilities include oversight of regional businesses, corporate strategy, and business development. Tim has led teams to excellent performance over time and has been a champion of growth and talent throughout his career, said Mr. Lobo. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Howdo we become really excellent in that callpoint and solve their problems in the callpoint? Group President, MedSurg and Neurotechnology, SpencerStiles Disclaimer| 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. Mon, 07-Nov-2022 8:18. You must click the activation link in order to complete your subscription. Vice President, Chief Legal Officer, VijuMenon Hutchinson . You cant listen with both ears. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Rob Fletcher is a Chief Legal Officer at Stryker and is based in Greater Boston. United States. Kalamazoo, Michigan, Aug. 18, 2021 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced today that after an outstanding thirty-one-year career at Stryker, Timothy J. Scannell, President and Chief Operating Officer has notified the company of his intent to retire on March 31, 2023. It was counterintuitive. I took a lot of heat fromthat. We know how toinnovate and create new cycles of this innovation. 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. Stryker President and COO Timothy J. Scannell to retire. Wehave a common playbook. William works or has worked as MEMBER at American Institute of Certified Public Accountant. Frankly, investors thought it was inefficient. 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. 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. Kevin Lobo (57 yo) 10.33yrs. 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. For its 2021 fiscal year, STRYKER CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. But one of the tricks I do, a very subtleway of forcing change, is to take the boardof directors to visit within a year. It is an undeniable trendin the future. Work At Stryker? For R&D engineerswho arent leading large teams to have a bitof an ego is okay. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. Orthopaedics includes the Company's Reconstructive, Trauma and Extremities . Everyonein the center at Stryker is at the surface ofthe divisions, theyre the center of gravityof our company. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. iSalute,   Capability Transition & Product Integration. Those peopleneed the lowest ego, because nobody careswhat your title is at Stryker. 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. I refused to buy back the stock because itsnot a long-term value creator. 130M Mako is the brand for roboticin orthopedics. 11/08/2012. Learn about Stryker Corporation (SYK) stock's management team. 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. Stryker Management. Medical Devices & Equipment, Manufacturing, 2825 Airview Blvd, Kalamazoo, Michigan, 49002, United States. 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 are a growing and evolving organization focused on achieving our mission of making healthcare better. Stryker excels at identifying emerging opportunitiesacross a broad spectrum of medtech categories. But not for anything elective. The company offers innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. None of the information on this page has been provided or approved by Stryker. At Stryker, quality is first in everything we do. What I say is that people in the corporatecenters of Stryker or shared services, includingme, are in the sell business, not thetell business. Necessary cookies are absolutely essential for the website to function properly. Theyre disciplined. You can sign up for additional alert options at any time. Philip M. Lister. I wanna use the money foracquisitions. Shareholders were screamingat me, they wanted me to buy back stock. 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. If you have a caraccident and your leg has to be repaired,consumerism isnt going to help. When they show upon the first day the deals closed, we show up,they sign up for their Stryker benefits. for our people, our customers and their patients, our shareholders and our communities. Executive Team. Yeah. tatements. Develop and improve features of our offerings. Stryker has 43,000 employees, of which 52 are in a leadership position. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. Stryker Corporation, 2825 Airview Boulevard Looking for a particular Stryker employee's phone or email? . We have to carve out a few resourcesthat are virtually full-time on deals becausetheres so many of them. 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. Stryker has 43,000 employees, of which 52 are in a leadership position. Executive Vice President, General Counsel and Secretary. Were the fastest-growingimplant company in the market, have beenfor the last four or five years. 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. This story first appeared as the cover story of the March/April 2020 issue of Chief Executive. How experienced are the management team and are they aligned to shareholders interests? They know the board ofdirectors is coming so they do it themselves. 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. 10% of the management team is Black or African American. 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. 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. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Kevin was born in India, grew up in Canada, and has lived and worked in four countries and four industries. Public Fundamental Data provided by Morningstar, Inc. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implanta, pariatur. Vice President, Corporate Secretary, IreneCorbe Download. 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. Average management tenure. The questionis, can you make the business model workand the economics work? Vice President, Chief Compliance Officer, Jody Powell CEO. - Optimizing current cleaning and packaging capabilities of the Stryker Mahwah location. The hard ones are when you buy a companythat brings across a lot of people andhave to figure out, okay, now what? 16% of Stryker management is Hispanic or Latino. Theres always thenext deal coming. Chief Executive recently had the opportunityto talk with Lobo about his approach todeal-making. Executive Compensation in Private Companies Report, Flex Focuses On Autonomation For Best Returns From Digitalizing, AP Automation: Medicine For A Looming Recession. 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. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. He has worked as Associate at Katz Teller; Worldwide Vice President, Litigation at Johnson & Johnson; and Vice President - Law at Ethicon Endo-Surgery, Inc.. Most of the deals we do are simple tuck-in products, theyre obvious. What works at Strykerare people with high drive and low ego. If the call point is a neurosurgeon, how dowe bring everything we can to the neurosurgeon? STRYKER CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. Thats something that Stryker used to track. Its an emergency medical technology.. Search, find and apply to job opportunities at Stryker, one of the world's leading medical technology companies. Get the full list, Youre viewing 5 of 13 board members. Get the full list Wed like to share more about how we work and what drives our day-to-day business. I would call andsay, Whats this company theyre buying?[Theyd say], We dont know who they are. Vice President, Chief Human Resources Officer, RobFletcher Even my customers were very upset, it was a disruptive idea. Here's a list of some of the top trending technologies and APIs used by Stryker. If I tell themwhat to do, and Im not selling them on whyto do it, theyre not gonna embrace it. Theyre organized. Duis aute irure dolor in reprehenderit in, Youre viewing 5 of 41 competitors. 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. 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. VP, Chief Information Officer & Chief Information Security Officer. 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). Download. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Frankly, its just as powerful inside the companyas it is with our customers. It is mandatory to procure user consent prior to running these cookies on your website. But opting out of some of these cookies may have an effect on your browsing experience. We spend 6.5 percent of our revenue on R&D but dont have anycentral R&D at all, he says. orward- By providing your email address below, you are providing consent to Stryker to send you the requested Investor Email Alert updates. All rights reserved. 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. L In 2016, Stryker acquired Physio-Control International Inc., which provides heathcare products, data management and support services. The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . But to lead teams, you cant have bigego. Now, investors are like, Why are you wasting your money? Were good at growing. Were not goodat cutting costs. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Such factors include, but are not limited to: the impact on our operations and financial results of the COVID-19 pandemic and any related policies and actions by governments or other third parties; unexpected liabilities, costs, charges or expenses in connection with the acquisition of Wright Medical Group N.V. (Wright); the effects of the Wright transaction on the parties' relationships with employees, customers, other business partners or governmental entities; weakening of economic conditions that could adversely affect the level of demand for our products; pricing pressures generally, including cost-containment measures that could adversely affect the price of or demand for our products; changes in foreign exchange markets; legislative and regulatory actions; unanticipated issues arising in connection with clinical studies and otherwise that affect U.S. Food and Drug Administration approval of new products, including Wright products; potential supply disruptions; changes in reimbursement levels from third-party payors; a significant increase in product liability claims; the ultimate total cost with respect to recall-related matters; the impact of investigative and legal proceedings and compliance risks; resolution of tax audits; the impact of the federal legislation to reform the United States healthcare system; costs to comply with medical device regulations; changes in financial markets; changes in the competitive environment; our ability to integrate and realize the anticipated benefits of acquisitions in full or at all or within the expected timeframes, including the acquisition of Wright; and our ability to realize anticipated cost savings. Dr. Homer Stryker, company founder, is born in Athens, Michigan. We always had a habit of putting in aStryker finance people and a Stryker HRperson, typically. ooking You have to have high humility. We used to be way too nice tothese companies. But it will accelerate, and were alreadytalking to our teams about how we starttelling our story. Executive Team. At Stryker, we promise to treat your data with respect and will not share your information with any third party. STRYKER CORPannual reports of executive compensation and pay are most commonly found in the Def 14a documents. During his eight-year tenure, he helped transform Genus into a technology pioneer with leading global franchises in dairy, beef and pork genetics. You have to listen with one ear to theinvestors. Nearly one fourth of Stryker's total revenue currently comes from outside the United States. Vice President, Chief Financial Officer, KatyFink M attended Kenyon College and Rutgers University School of Management. 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. Senior Division IP Counsel, Director, Business Development (Mergers & Acquisitions), Vice President and Senior Division Counsel - Spine. Sign up for a free account. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Patients care a lot now. Ill give youan example. During his tenure, hes done55 deals across a spectrum of products andcompaniesrobotics, surgical devices,pharmaceuticalseach and every one strategicallychosen to strengthen a categoryposition. Executive Team. Personalize which data points you want to see and create visualizations instantly. Total Equityaggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. It gives them a lot of motivation. Let me start with whats not changing. He received his bachelors and masters degrees in accounting from Mississippi State University. Definitely. In November, Stryker announcedplans to acquire Wright Medical, whichdevelops medical devices for the extremitiesand biologics markets, for $4.7 billion. Basically, within ayear, we want all the signage to be Stryker. 269-385-2600. The simplest way of describing it is customerfocus, that first pillar of the strategy. He is also active with community boards. This site is governed solely by applicable U.S. laws and governmental regulations. Mr. Scannell began his career with Strykers Endoscopy business in 1990 where he served in sales and marketing leadership roles before progressing to roles of greater responsibility, culminating in his appointment to President and Chief Operating Officer in 2018. Lets sprinkle in alittle bit more Stryker. 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. This category only includes cookies that ensures basic functionalities and security features of the website. Its a need that we have, we fill the gap. 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. Group President, Orthopaedics and Spine, JasonBeach 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. Weve had great success with men andwomen coming out of the military. Were very tough on holding themaccountable to the metrics of the model. 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. Wedont do that anymore. Our process is not efficient. The employee data is based on information from people who have self-reported their past or current employments at Stryker. This was very disruptive. Preston Wells, Vice President, Investor Relations at 269-385-2600 or preston.wells@stryker.com, For media inquiries please contact: Stryker has 5 employees across 55 locations and $18.45 b in annual revenue in FY 2022. You also have the option to opt-out of these cookies. Vice President, Investor Relations, BillBerry WhenMedtronic had it, it was growing 2 percent,3 percentthats why they sold it. 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. The information shown here is a reporting of information included in the company's proxy statement. Vice President, Internal Audit, Alan Douville Its gonnabe a better outcome. All proxy statements are public filings made available to the general public by the SEC. 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. If R&D says no, they say, Well, lets govisit them. Then they get on a plane. (business & personal). We do customer focus structurally. We try allkinds of crazy things inside the call points. If itlooks interesting, they call the BD people in. 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. Stryker serves an international customer base spanning more than 100 countries, serving healthcare professionals, medical facilities, and specialist equipment and device distributors. We have a high-performance team of diverse and talented leaders that live our mission and values. 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. S Prior to this, Karim worked for over 15 . Its 13 yearsold. Im not saying theyre bad, itsjust not us. I believe focus drives growth. Its justbought versus made.. No credit card required. The diversity in Stryker employees extends to employee political beliefs. 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. We wish Tim and his family the very best in his retirement., Caution Concerning F We used to just feed them with moneyand investment and leave them alone. Absolutely. So I said, We need to get more aggressiveon M&A. I align the business strategize and . In our mission statement, it said, Togetherwith our customers, we are driven tomake healthcare better. We are driven,those words were very, very thoughtfullychosen. 62% of the management team is White. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. STRYKER CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. And that is hard to find. Yin Becker, Vice President, Chief Corporate Affairs Officer at 269-385-2600 or yin.becker@stryker.com, Jason Beach

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