These responsibilities include oversight of regional businesses, corporate strategy, and business development. They usually have distributors,so you get rid of the distributors. We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. Terms of Service apply. Vice President, Chief Legal Officer, VijuMenon Of all the deals weve done, that was the most controversial. These cookies do not store any personal information. "The Stryker program is healthy," offers Col. William Venable, Army project manager for the Stryker Brigade Combat Team. Vice President, Chief Information Officer and Chief Information Security Officer, Dana McMahon We used to just feed them with moneyand investment and leave them alone. Looking for a particular Stryker employee's phone or email? It was my first big deal as CEO. Previously, he was CEO of Genus plc, a leading global agricultural biotechnology company. View supply chain jobs at Stryker. Initially, we were buying products. I have to sell the divisions onwhy they should do anything. This story first appeared as the cover story of the March/April 2020 issue of Chief Executive. So when customers are changing, we seethings early. At my previous company,occasionally we would hear about a competitorbuying a company. Let me start with whats not changing. These products and services are usually sold through license agreements or subscriptions. I have customer focus, I have innovation, Ihave globalization, and then cost transformation. 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. It gives us new ideas. SYK Most of the deals we do are simple tuck-in products, theyre obvious. Coronavirus Tips Working and Protection, For its 2021 fiscal year, STRYKER CORP, listed the following executives on its annual proxy statement to the SEC. Yeah. Stryker is one of the worlds leading medical technology companies and, together with our customers, we are driven to make healthcare better. But its a great question. Frankly, investors thought it was inefficient. Our stock went down 5 percent the daywe announced the deal. Personalize which data points you want to see and create visualizations instantly. 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 The more you do, you getbetter at it, you build muscle, you buildknow-how. Vice President, Corporate Secretary, IreneCorbe Noting that the IM-SHORAD platforms were created under the Army's Program Executive Office for Missiles and Space and not PM Stryker, Venable added, "The . The Stryker management team includes Kevin Lobo (Chair and Chief Executive Officer), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Hey, you wanna keep thesame name? What works at Strykerare people with high drive and low ego. The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . Provide specific products and services to you, such as portfolio management or data aggregation. We sell different types of products and services to both investment professionals and individual investors. Executive Vice President, General Counsel and Secretary. Oct 2021 - Jan 20231 year 4 months. "It's a good time to be in the Stryker business. So we think of things in terms of callpoint. 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. Mon, 07-Nov-2022 8:18. All rights reserved. Theyre asleep. 269-385-2600. A team of dedicated professionals delivering reliable world-class wheeled combat vehicles to the Warfighter. We also use third-party cookies that help us analyze and understand how you use this website. 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. -Promote vehicle upgrades and additional protections through suggestive . Stryker is a leading medical technology company with over 40,000 employees. We wish Tim and his family the very best in his retirement., Caution Concerning F Stryker President and COO Timothy J. Scannell to retire. Executive Compensation in Private Companies Report, Flex Focuses On Autonomation For Best Returns From Digitalizing, AP Automation: Medicine For A Looming Recession. He studied at Eastern Michigan University between 1983 and 1987 and American Society of Heating Refrigerating & A-C Engineers. Based on our data team's research, Kevin A. Lobo is the Stryker's CEO. The acquisitional tear shows no sign ofabating. All rights reserved | Chief Executive Group | Privacy Policy. Its actuallyvery easy. Stryker has 43,000 employees, of which 52 are in a leadership position. Its coming. Stryker raised a total of $400 M in funding over 1 rounds, and is a public traded company. Thesethings matter for people. 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. 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. This information is available in the PitchBook Platform. They want to know,Hey, is it being done with robotic surgery,and whats the implant?. I get those three answers every time. Learn about Stryker Corporation (SYK) stock's management team. 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. Nearly one fourth of Stryker's total revenue currently comes from outside the United States. He is the current chair of AdvaMed (Med-Tech trade association) and is a member of the Business Roundtable and Business Council. Executive Vice President and Chief Financial Officer. Stryker is one of the world's leading medical technology companies and, together with our customers, we are driven to make healthcare better. Mako is the brand for roboticin orthopedics. 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. We started doingacquisitions. Medical Devices & Equipment, Manufacturing, 2825 Airview Blvd, Kalamazoo, Michigan, 49002, United States. By providing your email address below, you are providing consent to Stryker to send you the requested Investor Email Alert updates. VP, Chief Information Officer & Chief Information Security Officer. Its justbought versus made.. If the call point is a nurse, wewrap the products around that OR nurse. Howdo we become really excellent in that callpoint and solve their problems in the callpoint? He is also active with community boards. These cookies will be stored in your browser only with your consent. Thorough reviews have been conducted to assure this data accurately reflects disclosures. What I say is that people in the corporatecenters of Stryker or shared services, includingme, are in the sell business, not thetell business. If the call point is a neurosurgeon, how dowe bring everything we can to the neurosurgeon? Were very tough on holding themaccountable to the metrics of the model. United States. we impact more than Wewere not a great marketing companyseven or eight years ago. . Ill give youan example. When they show upon the first day the deals closed, we show up,they sign up for their Stryker benefits. iSalute,   Capability Transition & Product Integration. Get the full list, Youre viewing 5 of 80 investments and acquisitions. We use that term very intentionally. Stryker Management. You can sign up for additional alert options at any time. 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. Now, those same investors, by the way,are like, Hey, whats the next deal youregonna do?. I refused. More information is available atwww.stryker.com. At Stryker, quality is first in everything we do. If I tell themwhat to do, and Im not selling them on whyto do it, theyre not gonna embrace it. And we had this balance sheet that was very strong. No credit card required. The move came shortly after the companyclosed on a $500 million deal to purchaseMobius Imaging and its robotics-orientedsister company, GYS Tech. But now were startingto see in certain organizations, lets put ina Stryker sales leader. Whatever deal model they put together,it doesnt go on a shelf, it goes into theirbonus plan for the next two years. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. But one of the tricks I do, a very subtleway of forcing change, is to take the boardof directors to visit within a year. 16% of Stryker's management is Hispanic or Latino. 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. Its teamfirst, me second. And iftheyre missing their numbers, they feel thepain. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. The charts on this page feature a breakdown of the total annual pay for the top executives at STRYKER CORP as reported in their proxy statements. Prior to that, he was a partner and certified public accountant at Arthur Andersen. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Dr. Homer Stryker, company founder, is born in Athens, Michigan. Absolutely. Webmaster| Mission Together with our customers, we are driven Copyright 2023 Morningstar, Inc. All rights reserved. They sold to private equity, and we bought it from private equity. Go work for a centralizedcompany. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. 2023 PitchBook. 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. 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 I align the business strategize and . Vice President, Chief Accounting Officer, JeanneBlondia All theother business development people28 peoplesit in each of ourdivisions.. 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. Its painful,being in the center and having to go to eachdivision president and get them to buy intosomething, it takes longer. Kevin was born in India, grew up in Canada, and has lived and worked in four countries and four industries. Were in its infancy right now. STRYKER CORPannual reports of executive compensation and pay are most commonly found in the Def 14a documents. 62% of the management team is White. And if we pass onsomething, they know that they can comeback the next week with another deal. We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. Executive Team. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. We used to be way too nice tothese companies. Our knee business, we havethe oldest knee on the market. I wanna use the money foracquisitions. Shareholders were screamingat me, they wanted me to buy back stock. Up to 5 We do customer focus structurally. Even my customers were very upset, it was a disruptive idea. None of the information on this page has been provided or approved by Stryker. 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?. We have a high-performance team of diverse and talented leaders that live our mission and values. And so those are things were starting todo even getting, you know, more patient advocacy. Andtheyre out the door. If I give an order to a division presidentand they dont think its good for thecustomer, they are free to disagree withit and disobey itno problem. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Its a structural advantage. Most of the products we sell are acuteintervention products. Were not involved. At Stryker, we promise to treat your data with respect and will not share your information with any third party. Ask him how he's done itas we did at our recent Healthcare CEO Summitand the answer is . Its 13 yearsold. 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. symbol for our common stock traded on the New York Stock Exchange. 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. As we continue to grow, we need leaders like you. Basically, within ayear, we want all the signage to be Stryker. By doing whats right we earn trust, grow our business and achieve our mission. Stryker employs 38,134 employees. 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. Inthe military, its about the mission. 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. We screen forhumility. And Lobo has builta culture capable of repeated success indeal-making. People are going to care muchmore. Stryker is 34% female and 66% male company-wide. If you choose to logout it will log you out from all the applications. The simplest way of describing it is customerfocus, that first pillar of the strategy. M Kathryn 'Katy' Fink is a VP/Chief Human Resources Officer at Stryker and Board Member at Bronson Health Care Group Inc. She has worked as VP:Talent Management at Stryker and VP:Human Resources at Stryker.