Our team helps the organization achieve success by providing the right product to the right customer at the right time. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. 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. Kevin Lobo (57 yo) 10.33yrs. 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. Thats exactly right. Vice President, Investor Relations Fine, you can keep your name. All proxy statements are public filings made available to the general public by the SEC. Stryker is a leading medical technology company with over 40,000 employees. Get the full list, Youre viewing 5 of 80 investments and acquisitions. Webmaster| 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. Rob Fletcher is a Chief Legal Officer at Stryker and is based in Greater Boston. 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. Of all the deals weve done, that was the most controversial. No onesgonna say, [Make] sure that rod is aStryker rod, because theyre under anesthetic. 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. This site is governed solely by applicable U.S. laws and governmental regulations. Everyonein the center at Stryker is at the surface ofthe divisions, theyre the center of gravityof our company. When I became CEO, Stryker was a very sporadic acquirer. And that is hard to find. Read our editorial policy to learn more about our process. By call point. Frankly, investors thought it was inefficient. These cookies will be stored in your browser only with your consent. No credit card required. Absolutely. And we had this balance sheet that was very strong. Orthopedic Frame Company, Ivy Sports Medicine. 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. How do we become indispensableto them? We have to carve out a few resourcesthat are virtually full-time on deals becausetheres so many of them. How does that play out on the ground? Average management tenure. What I say is that people in the corporatecenters of Stryker or shared services, includingme, are in the sell business, not thetell business. The company is 33.7% female and 44.1% ethnic minorities. we impact more than Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. 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. Philip M. Lister. Whatever deal model they put together,it doesnt go on a shelf, it goes into theirbonus plan for the next two years. He has worked as Controller Electronics & Safety at APTIV PLC; Director of Finance Global Powertrain at Federal Mogul; and Vice President, Corporate Controller (Principal Accounting Officer) at Stryker. Dan Bigman is Editor and Chief Content Officer of Chief Executive Group, publishers of Chief Executive, Corporate Board Member. Executive Vice President and Chief Financial Officer. 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. The move came shortly after the companyclosed on a $500 million deal to purchaseMobius Imaging and its robotics-orientedsister company, GYS Tech. It is an undeniable trendin the future. S "The Stryker program is healthy," offers Col. William Venable, Army project manager for the Stryker Brigade Combat Team. Inthe military, its about the mission. Sales, marketing, R&D, business development, theyre all in the same building. We also use third-party cookies that help us analyze and understand how you use this website. ooking Stryker employs 38,134 employees. I believe focus drives growth. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Stryker employs 38,134 employees. When you buy technology without all thepeople, its easy to integrate. 130M Search over 700 Vice President, Chief Legal Officer, VijuMenon Those peopleneed the lowest ego, because nobody careswhat your title is at Stryker. We are a growing and evolving organization focused on achieving our mission of making healthcare better. Chief Executive Officer. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Stryker serves an international customer base spanning more than 100 countries, serving healthcare professionals, medical facilities, and specialist equipment and device distributors. He is the current chair of AdvaMed (Med-Tech trade association) and is a member of the Business Roundtable and Business Council. How experienced are the management team and are they aligned to shareholders interests? 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. We dont want tocompletely change the culture because eachdivision is unique and were buying themfor a reason. 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? Give it to us. Stryker excels at identifying emerging opportunitiesacross a broad spectrum of medtech categories. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices. Lorem ipsum dolor sit, amet consectetur adipisicing elit. Oct 2021 - Jan 20231 year 4 months. 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. Streamline Healthcare Solutions, LLC Jobs Near Me, Electrical Engineer Internship jobs at Stryker, Information Technology Internship jobs at Stryker, Manager/Finance Accounting jobs at Stryker, Senior Quality Assurance Engineer jobs at Stryker. Stryker is one of the worlds leading medical technology companies and, together with its customers, is driven to make healthcare better. Wedont do that anymore. Coronavirus Tips Working and Protection, For its 2021 fiscal year, STRYKER CORP, listed the following executives on its annual proxy statement to the SEC. Knee replacement is a great example. Develop and improve features of our offerings. Its an EMTproduct, not a heart product. Necessary cookies are absolutely essential for the website to function properly. Stryker has 43,000 employees, of which 52 are in a leadership position. Theres always thenext deal coming. 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. Vice President, Chief Human Resources Officer, RobFletcher The product portfolio includes hip and knee replacements, endoscopy systems, operating room equipment, embolic coils, hospital beds and gurneys, and spinal devices. Stryker's key executives include Kevin A. Lobo and 27 others. Learn more about jobs at Stryker. Vice President, Chief Accounting Officer, JeanneBlondia If the call point is a neurosurgeon, how dowe bring everything we can to the neurosurgeon? We screen forhumility. But not for anything elective. View supply chain jobs at Stryker. Its an emergency medical technology.. Littlethings like that really helped. In our mission statement, it said, Togetherwith our customers, we are driven tomake healthcare better. We are driven,those words were very, very thoughtfullychosen. If you dont have the patienceand the fortitude to sell something, go worksomewhere else. Stryker raised a total of $400 M in funding over 1 rounds, and is a public traded company. Mr. Boehnlein has global responsibilities for Finance activities, including Corporate Accounting, Reporting, Tax, Treasury and Internal Audit.Mr. Theyre going to want to know more. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. The hard ones are when you buy a companythat brings across a lot of people andhave to figure out, okay, now what? million verified professionals across 35 million companies. It is mandatory to procure user consent prior to running these cookies on your website. Call-point driven. 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. 2023 PitchBook. So its been wildlysuccessful, but it wasnt that obvious. We spend 6.5 percent of our revenue on R&D but dont have anycentral R&D at all, he says. Its an umbrella. If you choose to logout it will log you out from all the applications. Theycare about the legacy. If R&D says no, they say, Well, lets govisit them. Then they get on a plane. Provide specific products and services to you, such as portfolio management or data aggregation. 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 This website uses cookies to improve your experience while you navigate through the website. And almost one out of every three kneesis going in with a robot. How we use your information depends on the product and service that you use and your relationship with us. If youregonna be put in as division president, youbetter be spending a good percentage ofyour time looking at deals. Executive Compensation in Private Companies Report, Flex Focuses On Autonomation For Best Returns From Digitalizing, AP Automation: Medicine For A Looming Recession. 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. Stryker has 43,000 employees, of which 52 are in a leadership position. Its justbought versus made.. Our knee business, we havethe oldest knee on the market. 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. But one of the tricks I do, a very subtleway of forcing change, is to take the boardof directors to visit within a year. STRYKER CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. He received his bachelors and masters degrees in accounting from Mississippi State University. If the call point is a nurse, wewrap the products around that OR nurse. -Core team contributor to 250K in monthly store revenue. Duis aute irure dolor in reprehenderit in, Youre viewing 5 of 41 competitors. Thesethings matter for people. But now were startingto see in certain organizations, lets put ina Stryker sales leader. I would call andsay, Whats this company theyre buying?[Theyd say], We dont know who they are. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Definitely. I killedthe metric because its a useless metricfor some of our businesses. I would say were in the very early stagesof consumerism. Up to 5 Executive Team. If theyre a really good innovativecompany, the last thing I want to do iskill their innovation. Personalize which data points you want to see and create visualizations instantly. Now, investors are like, Why are you wasting your money? WhenMedtronic had it, it was growing 2 percent,3 percentthats why they sold it. We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. Having a great balance sheet 10 years ago or 20 years agoAA or AAAwas a badge of honor. Copyright 2023 Morningstar, Inc. All rights reserved. -Promote vehicle upgrades and additional protections through suggestive . Stryker is one of the world's leading medical technology companies and, together with our customers, we are driven to make healthcare better. Sure. High drive, low ego is rare. Enter employee name to find & verify emails, phones, social links, etc. 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. Looking for a particular Stryker employee's phone or email? Get the full list, Youre viewing 5 of 14 subsidiaries. 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. So we think of things in terms of callpoint. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. 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. Its 13 yearsold. Get Contact Info for All Departments. Group President, MedSurg and Neurotechnology, SpencerStiles Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. If you experience any issues with this process, please contact us for further assistance. Win whats next. symbol for our common stock traded on the New York Stock Exchange. Were good at growing. Wehave a common playbook. United States. Medical Devices & Equipment, Manufacturing, 2825 Airview Blvd, Kalamazoo, Michigan, 49002, United States. Develop, Deliver and Sustain the Army's Premier Wheeled Combat Vehicles to Sustain our Soldiers' Combat Advantage. 4.5yrs. VP, Chief Information Officer & Chief Information Security Officer. CEO. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. We were not great at it early. 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.
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