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. Senior Division IP Counsel, Director, Business Development (Mergers & Acquisitions), Vice President and Senior Division Counsel - Spine. Lets sprinkle in alittle bit more Stryker. Its an EMTproduct, not a heart product. Executive Summary. 16% of Stryker management is Hispanic or Latino. 10% of the management team is Black or African American. Stryker is 34% female and 66% male company-wide. CEO. But it will accelerate, and were alreadytalking to our teams about how we starttelling our story. Here's a list of some of the top trending technologies and APIs used by Stryker. Vice President, Chief Corporate Affairs Officer, GlennBoehnlein Stryker has 5 employees across 55 locations and $18.45 b in annual revenue in FY 2022. Medical Devices & Equipment, Manufacturing, 2825 Airview Blvd, Kalamazoo, Michigan, 49002, United States. If you have a caraccident and your leg has to be repaired,consumerism isnt going to help. View supply chain jobs at Stryker. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui off, si ut aliquip ex ea commodo consequat. Theyre organized. We wish Tim and his family the very best in his retirement., Caution Concerning F This website uses cookies to improve your experience while you navigate through the website. Get the full list We used to be way too nice tothese companies. symbol for our common stock traded on the New York Stock Exchange. 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. Get the full list, To view Strykers complete esg history, request access, Youre viewing 5 of 7 exits. Vice President, Internal Audit, Alan Douville The more you do, you getbetter at it, you build muscle, you buildknow-how. What I say is that people in the corporatecenters of Stryker or shared services, includingme, are in the sell business, not thetell business. They can do allthis on their own inside the walls of theirbuilding. Prior to that, he was a partner and certified public accountant at Arthur Andersen. 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. These responsibilities include oversight of regional businesses, corporate strategy, and business development. But theyre not asking anybody at corporate. Executive Vice President, General Counsel and Secretary. Its the first time in the historyof orthopedics that the oldest knee is thefastest-growing knee. Were in its infancy right now. The acquisitional tear shows no sign ofabating. Rob Fletcher is a Chief Legal Officer at Stryker and is based in Greater Boston. Preston Wells, Vice President, Investor Relations at 269-385-2600 or preston.wells@stryker.com, For media inquiries please contact: Vice President, Chief Accounting Officer, JeanneBlondia 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. Go work for a centralizedcompany. 2023 PitchBook. Stryker Management. But thats howit works. 269-385-2600. 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 excels at identifying emerging opportunitiesacross a broad spectrum of medtech categories. Oct 2021 - Jan 20231 year 4 months. Total Equityaggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Buthigh drive, high humility is hard to find. 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. Its a need that we have, we fill the gap. 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. Why? 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. "It's a good time to be in the Stryker business. And so those are things were starting todo even getting, you know, more patient advocacy. The staff at Stryker come from unusually diverse demographic backgrounds. If you open the back of an ambulance,the two most expensive items in the back ofthat ambulance are the powered cottheStrykerand the defibrillator. During his eight-year tenure, he helped transform Genus into a technology pioneer with leading global franchises in dairy, beef and pork genetics. And that is hard to find. When a hospitalcustomer is thinking, Who shouldI be partnering with for neurosurgery ororthopedic surgery? We want to be the obviouschoice. Search over 700 If the call point is a nurse, wewrap the products around that OR nurse. Its a trait that we look for. These cookies will be stored in your browser only with your consent. Learn more atchiefexecutivegroup.com. Wed like to share more about how we work and what drives our day-to-day business. So, someone selling to Stryker knows theiremployees will be taken care of and thatwere gonna grow the business, invest inthe business. 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. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Its an emergency medical technology.. 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?. 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 was born in India, grew up in Canada, and has lived and worked in four countries and four industries. (business & personal). We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. See insights on Stryker including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Thesethings matter for people. The move came shortly after the companyclosed on a $500 million deal to purchaseMobius Imaging and its robotics-orientedsister company, GYS Tech. Kalamazoo, MI 49002 We screen forhumility. Thats the way were structured. 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. This story first appeared as the cover story of the March/April 2020 issue of Chief Executive. We were not great at it early. 4.5yrs. You guys wanna dress this way or whateverdo this, thats fine.. United States. Lorem ipsum dolor sit amet consectetur adipisicing elit. When you buy technology without all thepeople, its easy to integrate. He is the current chair of AdvaMed (Med-Tech trade association) and is a member of the Business Roundtable and Business Council. They have to convince themselves theycan make the numbers work, because onething we are is very tough on the dealmodel. 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. I refused. 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. 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. 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. Yeah. They sit in the same building. 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 All rights reserved. People who dont have high drivedont do well at Stryker. Its changed over time. Group President, Orthopaedics and Spine, JasonBeach Learn more about jobs at Stryker. It gives them a lot of motivation. YinBecker Weve had great success with men andwomen coming out of the military. Vice President, Chief Legal Officer, VijuMenon Someof the companies we buy, the owners ofthose companies dont have humility. Disclaimer| We have a knee calledTriathlon, we have the Big Wheel bed. The diversity in Stryker employees extends to employee political beliefs. Those peopleneed the lowest ego, because nobody careswhat your title is at Stryker. We do customer focus structurally. Executive Team. L Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. Average management tenure. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Sign up for a free account. Our team helps the organization achieve success by providing the right product to the right customer at the right time. 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. William works or has worked as MEMBER at American Institute of Certified Public Accountant. STRYKER CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. 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). We find a way to massagethem. Verify your identity, personalize the content you receive, or create and administer your account. It is mandatory to procure user consent prior to running these cookies on your website. . Terms of Service apply. SYK I took a lot of heat fromthat. Its gonnabe a better outcome. Hey, you wanna keep thesame name? Fine, you can keep your name. Stryker employs 38,134 employees. Its a structural advantage. David Stryker. Get Contact Info for All Departments. 10% of the management team is Black or African American. The hardest part is hiringpeople in the corporate staff. Stryker may also be known as or be related to Stryker and Stryker Corporation. Here are further demographic highlights of the leadership team: The Stryker executive team is 40% female and 60% male. last updated: You have to have high humility. He embodies our mission and values, and we are grateful for his leadership and impressive results. Copyright 2023 Morningstar, Inc. All rights reserved. They know the board ofdirectors is coming so they do it themselves. And if we pass onsomething, they know that they can comeback the next week with another deal. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Win whats next. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Inthe military, its about the mission. We always had a habit of putting in aStryker finance people and a Stryker HRperson, typically. But its a great question. Privacy Policy| STRYKER CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. But people thatwho dont have that high humility, low ego,they get chewed up and spit out really fast. And Lobo has builta culture capable of repeated success indeal-making. Weve had to tweak our model. If I tell themwhat to do, and Im not selling them on whyto do it, theyre not gonna embrace it. But opting out of some of these cookies may have an effect on your browsing experience. Stryker is a leading medical technology company driven to make healthcare better. 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. High drive, low ego is rare. But whats changing is were buildingtremendous marketing capabilities. This is a profile preview from the PitchBook Platform. So I said, We need to get more aggressiveon M&A. 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. 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.