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. It is mandatory to procure user consent prior to running these cookies on your website. When you buy technology without all thepeople, its easy to integrate. And so those are things were starting todo even getting, you know, more patient advocacy. The hard ones are when you buy a companythat brings across a lot of people andhave to figure out, okay, now what? But its notabout the implant now, its about how wellthe knee is balanced and how much softtissue were disrupting. If we can do a lessinvasive procedure, the surgeon can havebetter information with a 3D plan, so theycan make it more personalized. This site is protected by reCAPTCHA and the Google 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. But one of the tricks I do, a very subtleway of forcing change, is to take the boardof directors to visit within a year. We created a common curriculum,a common language around what wecall big-picture marketing training. 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. All rights reserved | Chief Executive Group | Privacy Policy. Public Fundamental Data provided by Morningstar, Inc. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implanta, pariatur. 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. Executive Team. If youregonna be put in as division president, youbetter be spending a good percentage ofyour time looking at deals. Get the full list Mission Together with our customers, we are driven We dont want tocompletely change the culture because eachdivision is unique and were buying themfor a reason. This category only includes cookies that ensures basic functionalities and security features of the website. Whatever deal model they put together,it doesnt go on a shelf, it goes into theirbonus plan for the next two years. This story first appeared as the cover story of the March/April 2020 issue of Chief Executive. Of all the deals weve done, that was the most controversial. Orthopedic Frame Company, Ivy Sports Medicine. For R&D engineerswho arent leading large teams to have a bitof an ego is okay. 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. 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. Theyre disciplined. Average management tenure. 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 . If itlooks interesting, they call the BD people in. Lorem ipsum dolor sit amet consectetur adipisicing elit. I would say were in the very early stagesof consumerism. Its painful,being in the center and having to go to eachdivision president and get them to buy intosomething, it takes longer. Total Equityaggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Stryker has 5 employees across 55 locations and $18.45 b in annual revenue in FY 2022. The most common ethnicity among Stryker executive officers is White. All these deals, frankly, havejust strengthened our category position justas much as a new product would. By call point. If R&D says no, they say, Well, lets govisit them. Then they get on a plane. 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. orward- Most of the products we sell are acuteintervention products. 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 It was my first big deal as CEO. Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. Vice President, Internal Audit, Alan Douville But that was more of abet that we made. Enter employee name to find & verify emails, phones, social links, etc. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Its an umbrella. - Designing a more efficient method of performing the procedures. Learn about Stryker Corporation (SYK) stock's management team. It gives them a lot of motivation. You must click the activation link in order to complete your subscription. for our people, our customers and their patients, our shareholders and our communities. Give it to us. Get the full list, Youre viewing 5 of 14 subsidiaries. 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. This is a profile preview from the PitchBook Platform. Patients care a lot now. But underneaththat, we have this umbrella calledStryker, which has a common look and feel. They can do allthis on their own inside the walls of theirbuilding. The employee data is based on information from people who have self-reported their past or current employments at Stryker. 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. Ask him how he's done itas we did at our recent Healthcare CEO Summitand the answer is . Twothings happen: When the board goes to thevisit, I dont have to ask them to put theStryker signage up. But not for anything elective. -Core team contributor to 250K in monthly store revenue. 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. 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, someone selling to Stryker knows theiremployees will be taken care of and thatwere gonna grow the business, invest inthe business. Theyre organized. Key Partners. 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. We want the mission values on your wall. WhatIve learned is you need to rip the Band-Aidoff quickly. How we use your information depends on the product and service that you use and your relationship with us. YinBecker The data presented on this page does not represent the view of Stryker and its employees or that of Zippia. Work At Stryker? Why? Its gonnabe a better outcome. Theycare about the legacy. S Nearly one fourth of Stryker's total revenue currently comes from outside the United States. Most of the deals we do are simple tuck-in products, theyre obvious. Excerpts of that conversation,edited for clarity and length, follow. Now, investors are like, Why are you wasting your money? Stryker employs 38,134 employees. Its coming. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. When a hospitalcustomer is thinking, Who shouldI be partnering with for neurosurgery ororthopedic surgery? We want to be the obviouschoice. And its very unifying forthe organization. It gives us new ideas. 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. 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. 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. 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. Stryker employs 43,000 employees. Its changed over time. He is the current chair of AdvaMed (Med-Tech trade association) and is a member of the Business Roundtable and Business Council.