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The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . Weve had to tweak our model. At my previous company,occasionally we would hear about a competitorbuying a company. I would say were in the very early stagesof consumerism. He received his bachelors and masters degrees in accounting from Mississippi State University. ooking 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. This website uses cookies to improve your experience while you navigate through the website. If itlooks interesting, they call the BD people in. Vice President, Investor Relations Chief Executive recently had the opportunityto talk with Lobo about his approach todeal-making. The data presented on this page does not represent the view of Stryker and its employees or that of Zippia. But lets go find out., In my years at Stryker as CEO, never once have they said, We dont know. Our businesses always know who they are, they know the owner, we dont like it because its too expensive, or we have intellectual property problems or an internal project that we think is gonna be better than that. Our process is not efficient. United States. Its really by design that wherever we play we want to be absolute leaders in thefield, Lobo explains of Strykers tuck-inapproach to deal-making. Its thesense of purpose. Why? IT Department. Vice President, Internal Audit, Alan Douville 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. Stryker may also be known as or be related to Stryker and Stryker Corporation. I have customer focus, I have innovation, Ihave globalization, and then cost transformation. 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 Our knee business, we havethe oldest knee on the market. At Stryker, quality is first in everything we do. Kalamazoo, MI 49002 269-385-2600. Littlethings like that really helped. I say the term call point very intentionally because its different than what youll hear other CEOs or companies say. 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. I killedthe metric because its a useless metricfor some of our businesses. Its an emergency medical technology.. Twothings happen: When the board goes to thevisit, I dont have to ask them to put theStryker signage up. Disclaimer| Buthigh drive, high humility is hard to find. Go work for a centralizedcompany. Mr. Boehnlein has global responsibilities for Finance activities, including Corporate Accounting, Reporting, Tax, Treasury and Internal Audit.Mr. STRYKER CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Provide specific products and services to you, such as portfolio management or data aggregation. Theycare about the legacy. We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. You have to have high humility. Were very tough on holding themaccountable to the metrics of the model. we impact more than Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Get the full list, To view Strykers complete esg history, request access, Youre viewing 5 of 7 exits. William works or has worked as MEMBER at American Institute of Certified Public Accountant. Tim has led teams to excellent performance over time and has been a champion of growth and talent throughout his career, said Mr. Lobo. Privacy Policy| How do we become indispensableto them? Initially, we were buying products. Duis aute irure dolor in reprehenderit in, Youre viewing 5 of 41 competitors. Frankly, investors thought it was inefficient. All proxy statements are public filings made available to the general public by the SEC. But people thatwho dont have that high humility, low ego,they get chewed up and spit out really fast. That wasnt the case sixyears ago. Karim joined Convatec in September 2019. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Necessary cookies are absolutely essential for the website to function properly. 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 staff at Stryker come from unusually diverse demographic backgrounds. 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. 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. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Stryker's key executives include Kevin A. Lobo and 27 others. Howdo we become really excellent in that callpoint and solve their problems in the callpoint? 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. 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. patients annually. 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. Stryker has 43,000 employees, of which 52 are in a leadership position. Our Code is our compassit empowers us to move forward the right way. Preston Wells, Vice President, Investor Relations at 269-385-2600 or preston.wells@stryker.com, For media inquiries please contact: This was very disruptive. Develop, Deliver and Sustain the Army's Premier Wheeled Combat Vehicles to Sustain our Soldiers' Combat Advantage. If the call point is a neurosurgeon, how dowe bring everything we can to the neurosurgeon? Get the full list, Youre viewing 5 of 14 subsidiaries. Its the first time in the historyof orthopedics that the oldest knee is thefastest-growing knee. Executive Vice President and Chief Financial Officer. Vice President, Chief Human Resources Officer, RobFletcher Orthopaedics includes the Company's Reconstructive, Trauma and Extremities . You must click the activation link in order to complete your subscription. Stryker is one of the world's leading medical technology companies and, together with our customers, we are driven to make healthcare better. Senior Division IP Counsel, Director, Business Development (Mergers & Acquisitions), Vice President and Senior Division Counsel - Spine. Wewere not a great marketing companyseven or eight years ago. Prior to that, he was a partner and certified public accountant at Arthur Andersen. Total Equityaggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Vice President, Finance and Treasurer, AndrsCedrn Stryker employs 38,134 employees. Sales, marketing, R&D, business development, theyre all in the same building. Of all the deals weve done, that was the most controversial. Copyright 2023 Morningstar, Inc. All rights reserved. Group President, MedSurg and Neurotechnology, SpencerStiles They know the board ofdirectors is coming so they do it themselves. Looking for a particular Stryker employee's phone or email? 16% of Stryker management is Hispanic or Latino. 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?. Its a structural advantage. After submitting your request, you will receive an activation email to the requested email address. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Stryker CEO and key executive team Stryker's Chair and CEO is Kevin A. Lobo. STRYKER CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. Enter employee name to find & verify emails, phones, social links, etc. Download. In 2016, Stryker acquired Physio-Control International Inc., which provides heathcare products, data management and support services. 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. 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. Oct 2021 - Jan 20231 year 4 months. Stryker employees rate their Executive Team in the Top 5% of similar size companies on Comparably with 10,000+ Employees. What I say is that people in the corporatecenters of Stryker or shared services, includingme, are in the sell business, not thetell business. We have a knee calledTriathlon, we have the Big Wheel bed. Mon, 07-Nov-2022 8:18. free lookups / month. If you dont have the patienceand the fortitude to sell something, go worksomewhere else. We do customer focus structurally. I thought we were being overlyconservative as a company with our cash. 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. 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. 10% of the management team is Black or African American. Based on our data team's research, Kevin A. Lobo is the Stryker's CEO. Learn more about jobs at Stryker. orward- It was my first big deal as CEO. We used to be way too nice tothese companies. Chief Executive Officer. Download. Get contact details including emails and phone numbers Vice President, Chief Legal Officer, VijuMenon None of the information on this page has been provided or approved by Stryker. Vice President, Corporate Secretary, IreneCorbe Inthe military, its about the mission. Theyre going to want to know more. 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. A team of dedicated professionals delivering reliable world-class wheeled combat vehicles to the Warfighter. That things been growing doubledigits for us since we bought it. The acquisitional tear shows no sign ofabating. Executive Team. By providing your email address below, you are providing consent to Stryker to send you the requested Investor Email Alert updates. Hutchinson . It ended up being avery good bet. - Designing a more efficient method of performing the procedures. Theyre disciplined. Stryker Corporation, 2825 Airview Boulevard Stryker is one of the worlds leading medical technology companies and, together with our customers, we are driven to make healthcare better. Its changed over time. Kevin was born in India, grew up in Canada, and has lived and worked in four countries and four industries. 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. 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. "It's a good time to be in the Stryker business. 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? If you experience any issues with this process, please contact us for further assistance. 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. During his eight-year tenure, he helped transform Genus into a technology pioneer with leading global franchises in dairy, beef and pork genetics. We created amarketing council, which was voluntary,every division could send whoever theywanted. Medical Devices & Equipment, Manufacturing, 2825 Airview Blvd, Kalamazoo, Michigan, 49002, United States. 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. We are a growing and evolving organization focused on achieving our mission of making healthcare better. Gear advertisements and other marketing efforts towards your interests. iSalute,   Capability Transition & Product Integration. He is also active with community boards. last updated: 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). Its an EMTproduct, not a heart product. Alan led the companys worldwide SAP consolidation program, driving the company to a single global ERP instance. . We started doingacquisitions. The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . tatements. Theres always thenext deal coming. Now, investors are like, Why are you wasting your money? You also have the option to opt-out of these cookies. Get Contact Info for All Departments. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. The most common ethnicity among Stryker executive officers is White. YinBecker We disclaim any intention or obligation to publicly update or revise any forward-looking statement to reflect any change in our expectations or in events, conditions or circumstances on which those expectations may be based, or that affect the likelihood that actual results will differ from those contained in the forward-looking statements. 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. Theyre asleep. 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. Wed like to share more about how we work and what drives our day-to-day business. Orthopedic Frame Company, Ivy Sports Medicine. I refused to buy back the stock because itsnot a long-term value creator. 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. Team Leader Analyst Developer, Senior Project NJIT (Former Employee) - Mahwah, NJ - April 27, 2014. When a hospitalcustomer is thinking, Who shouldI be partnering with for neurosurgery ororthopedic surgery? We want to be the obviouschoice. 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. The hardest part is hiringpeople in the corporate staff. 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. David Stryker. How we use your information depends on the product and service that you use and your relationship with us. So, if someone outbids us,well lose the deal if they outbid us by a lot. So I said, We need to get more aggressiveon M&A. We know how toinnovate and create new cycles of this innovation. People are going to care muchmore. We were not great at it early. 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. The simplest way of describing it is customerfocus, that first pillar of the strategy. We have to carve out a few resourcesthat are virtually full-time on deals becausetheres so many of them. But it will accelerate, and were alreadytalking to our teams about how we starttelling our story. Vice President, Investor Relations, BillBerry Get the full list, Youre viewing 5 of 80 investments and acquisitions. The employee data is based on information from people who have self-reported their past or current employments at Stryker. Weve had great success with men andwomen coming out of the military. Sure. Stryker is a leading medical technology company driven to make healthcare better. I get those three answers every time. 11/08/2012. STRYKER CORPannual reports of executive compensation and pay are most commonly found in the Def 14a documents. Member Since: February 2021. Stryker serves an international customer base spanning more than 100 countries, serving healthcare professionals, medical facilities, and specialist equipment and device distributors. In November, Stryker announcedplans to acquire Wright Medical, whichdevelops medical devices for the extremitiesand biologics markets, for $4.7 billion. They have the drive for results,that is what we look for in Stryker. This is a profile preview from the PitchBook Platform. The company is 33.7% female and 44.1% ethnic minorities. Were the fastest-growingimplant company in the market, have beenfor the last four or five years. The Stryker executive team is 40% female and 60% male. Terms of Service apply. 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. To explore Strykers full profile, request access. 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. Lorem ipsum dolor sit amet consectetur adipisicing elit. 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. It gives us new ideas. But that was more of abet that we made. 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. 10% of the management team is Black or African American. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. When you buy technology without all thepeople, its easy to integrate. Theyre organized. Call-point driven. You guys wanna dress this way or whateverdo this, thats fine.. If I tell themwhat to do, and Im not selling them on whyto do it, theyre not gonna embrace it. {{ userNotificationState.getAlertCount('bell') }}. Its actuallyvery easy. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Average management tenure. Its a trait that we look for. 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. We find a way to massagethem. They sold to private equity, and we bought it from private equity. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Accessibility/Section 508| Thats something that Stryker used to track. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Download. Thats exactly right. Executive Compensation in Private Companies Report, Flex Focuses On Autonomation For Best Returns From Digitalizing, AP Automation: Medicine For A Looming Recession. This story first appeared as the cover story of the March/April 2020 issue of Chief Executive. So its been wildlysuccessful, but it wasnt that obvious. Ill give youan example. Its an umbrella. This category only includes cookies that ensures basic functionalities and security features of the website. Wehave a common playbook. By call point. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. 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. Webmaster| Maintaining independence and editorial freedom is essential to our mission of empowering investor success. For R&D engineerswho arent leading large teams to have a bitof an ego is okay. Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. Its gonnabe a better outcome. Ask him how he's done itas we did at our recent Healthcare CEO Summitand the answer is . Itsvery entrepreneurial that way. 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. Here's a list of some of the top trending technologies and APIs used by Stryker. If youregonna be put in as division president, youbetter be spending a good percentage ofyour time looking at deals. Mako is the brand for roboticin orthopedics. If you have a caraccident and your leg has to be repaired,consumerism isnt going to help. CEO. "The Stryker program is healthy," offers Col. William Venable, Army project manager for the Stryker Brigade Combat Team. Prior to this, Karim worked for over 15 . 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. During his tenure, hes done55 deals across a spectrum of products andcompaniesrobotics, surgical devices,pharmaceuticalseach and every one strategicallychosen to strengthen a categoryposition. Fine, you can keep your name. It was counterintuitive. View all jobs in Redmond at Stryker. These cookies will be stored in your browser only with your consent. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. symbol for our common stock traded on the New York Stock Exchange. 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. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui off, si ut aliquip ex ea commodo consequat. We use that term very intentionally. They want to know,Hey, is it being done with robotic surgery,and whats the implant?. The hard ones are when you buy a companythat brings across a lot of people andhave to figure out, okay, now what? They usually have distributors,so you get rid of the distributors. Work At Stryker? No credit card required. - Optimizing current cleaning and packaging capabilities of the Stryker Mahwah location. Definitely. Rob attended Boston College Law School between 1993 and 1996 and The Ohio State University between 1988 and 1992. So, someone selling to Stryker knows theiremployees will be taken care of and thatwere gonna grow the business, invest inthe business. 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.