The information shown here is a reporting of information included in the company's proxy statement. 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. Vice President, Chief Compliance Officer, Jody Powell Theyre asleep. Its teamfirst, me second. Medical Devices & Equipment, Manufacturing, 2825 Airview Blvd, Kalamazoo, Michigan, 49002, United States. Terms of Service apply. Accessibility/Section 508| 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. The questionis, can you make the business model workand the economics work? This site is governed solely by applicable U.S. laws and governmental regulations. IT Department. A hands-on global IT leader who identify & execute strategic opportunities, resulting in wider business outcome, impact and value.<br><br>I bring combination of people, process, and technology experience to drive success. This story first appeared as the cover story of the March/April 2020 issue of Chief Executive. symbol for our common stock traded on the New York Stock Exchange. Senior Division IP Counsel, Director, Business Development (Mergers & Acquisitions), Vice President and Senior Division Counsel - Spine. 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. All theother business development people28 peoplesit in each of ourdivisions.. We know how toinnovate and create new cycles of this innovation. The hard ones are when you buy a companythat brings across a lot of people andhave to figure out, okay, now what? Executive Team. Privacy Policy and The acquisitional tear shows no sign ofabating. Win whats next. The result? A team of dedicated professionals delivering reliable world-class wheeled combat vehicles to the Warfighter. All rights reserved | Chief Executive Group | Privacy Policy. This site is protected by reCAPTCHA and the Google Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. These products and services are usually sold through license agreements or subscriptions. Kevin was born in India, grew up in Canada, and has lived and worked in four countries and four industries. Looking for a particular Stryker employee's phone or email? Thats something that Stryker used to track. 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?. Mako is the brand for roboticin orthopedics. 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. The company is 33.7% female and 44.1% ethnic minorities. You also have the option to opt-out of these cookies. 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 People are going to care muchmore. The staff at Stryker come from unusually diverse demographic backgrounds. Everyonein the center at Stryker is at the surface ofthe divisions, theyre the center of gravityof our company. 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. You can sign up for additional alert options at any time. These cookies do not store any personal information. Itwont work. We were not great at it early. Based on our data team's research, Kevin A. Lobo is the Stryker's CEO. Alan received an MBA and a bachelors degree in electrical engineering from the University of Maine. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. More information is available atwww.stryker.com. Littlethings like that really helped. 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. 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. Those peopleneed the lowest ego, because nobody careswhat your title is at Stryker. 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. At Stryker, we promise to treat your data with respect and will not share your information with any third party. 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. Mr. Boehnlein has global responsibilities for Finance activities, including Corporate Accounting, Reporting, Tax, Treasury and Internal Audit.Mr. CEO Kevin Lobo shares a detailed breakdown of how they do it. It ended up being avery good bet. Learn more about jobs at Stryker. Basically, within ayear, we want all the signage to be Stryker. Inthe military, its about the mission. I have customer focus, I have innovation, Ihave globalization, and then cost transformation. Our knee business, we havethe oldest knee on the market. Itsvery entrepreneurial that way. We started doingacquisitions. 10% of the management team is Black or African American. Its an emergency medical technology.. Stryker has 5 employees across 55 locations and $18.45 b in annual revenue in FY 2022. Gear advertisements and other marketing efforts towards your interests. Ask him how he's done itas we did at our recent Healthcare CEO Summitand the answer is . I believe focus drives growth. We always had a habit of putting in aStryker finance people and a Stryker HRperson, typically. Lorem ipsum dolor sit, amet consectetur adipisicing elit. This is a profile preview from the PitchBook Platform. 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. Preston Wells, Vice President, Investor Relations at 269-385-2600 or preston.wells@stryker.com, For media inquiries please contact: Ill give youan example. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Get Contact Info for All Departments. So it is irrelevant for certain portions ofour business. If R&D says no, they say, Well, lets govisit them. Then they get on a plane. For its 2021 fiscal year, STRYKER CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. How does that play out on the ground? I wanna use the money foracquisitions. Shareholders were screamingat me, they wanted me to buy back stock. But thats howit works. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices. 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. Initially, we were buying products. 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. Download. Pierce: President: Viju Menon Ph.D: President: You're viewing 5 of 72 executive team members. Theyre disciplined. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. He embodies our mission and values, and we are grateful for his leadership and impressive results. 11/08/2012. 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. 02/23/2022 Kalamazoo, MI, Feb. 23, 2022 (GLOBE NEWSWIRE) -- Stryker (NYSE: SYK) announced today that it has completed the previously announced acquisition of Vocera Communications, Inc. (NYSE: VCRA), a leader in digital care coordination and communication. Even my customers were very upset, it was a disruptive idea. NowI just put another product in their bag,focused on the call point. Its a trait that we look for. last updated: And iftheyre missing their numbers, they feel thepain. Group President, MedSurg and Neurotechnology, SpencerStiles He has worked as Associate at Katz Teller; Worldwide Vice President, Litigation at Johnson & Johnson; and Vice President - Law at Ethicon Endo-Surgery, Inc.. Vice President, Finance and Treasurer, AndrsCedrn If you experience any issues with this process, please contact us for further assistance. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Of all the deals weve done, that was the most controversial. Twothings happen: When the board goes to thevisit, I dont have to ask them to put theStryker signage up. Group President, Orthopaedics and Spine, JasonBeach Kalamazoo, MI 49002 They sold to private equity, and we bought it from private equity. YinBecker Get the full list, Youre viewing 5 of 13 board members. All these deals, frankly, havejust strengthened our category position justas much as a new product would. Stryker employees rate their Executive Team in the Top 5% of similar size companies on Comparably with 10,000+ Employees. Vice President, Chief Corporate Affairs Officer, GlennBoehnlein Every single business has their own sales,their own marketing, their own R&D, theirown business development. You must click the activation link in order to complete your subscription. Enter employee name to find & verify emails, phones, social links, etc. Our Code is our compassit empowers us to move forward the right way. Vice President, Investor Relations, BillBerry 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. 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. Fine, you can keep your name. Call-point driven. 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. Most of the deals we do are simple tuck-in products, theyre obvious. Vice President, Chief Information Officer and Chief Information Security Officer, Dana McMahon Now, people gettheir computers right away on day one. Its changed over time. Executive Compensation in Private Companies Report, Flex Focuses On Autonomation For Best Returns From Digitalizing, AP Automation: Medicine For A Looming Recession. Sales, marketing, R&D, business development, theyre all in the same building. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Lets sprinkle in alittle bit more Stryker. 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. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. 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. Search, find and apply to job opportunities at Stryker, one of the world's leading medical technology companies. Hey, you wanna keep thesame name? It gives them a lot of motivation. We created amarketing council, which was voluntary,every division could send whoever theywanted. VP, Chief Information Officer & Chief Information Security Officer. That wasnt the case sixyears ago. 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. In our mission statement, it said, Togetherwith our customers, we are driven tomake healthcare better. We are driven,those words were very, very thoughtfullychosen. (269) 385-2600 Stryker Profile and History 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. Wevebecome a much more sophisticated marketingcompany, better price discipline,better price management, better segmentationof customers. Up to 5 Learn more atchiefexecutivegroup.com. So I said, We need to get more aggressiveon M&A. It would do one or two deals a year, maybe. 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. Diageo is the worlds leading premium drinks business with an outstanding collection of beverage alcohol brands across spirits, wine and beer categories, with revenues of $20 billion.Alan is a member of Beta Gamma Sigma Fraternity Business Management Forum. Yin Becker, Vice President, Chief Corporate Affairs Officer at 269-385-2600 or yin.becker@stryker.com, Jason Beach 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. 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. The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . Its painful,being in the center and having to go to eachdivision president and get them to buy intosomething, it takes longer. Theproducts have their own name. 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 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. Our stock went down 5 percent the daywe announced the deal. They have to convince themselves theycan make the numbers work, because onething we are is very tough on the dealmodel. Prior to this, Karim worked for over 15 . Definitely. David Stryker. Member Since: February 2021. I have to sell the divisions onwhy they should do anything. All proxy statements are public filings made available to the general public by the SEC. 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,. Executive Vice President and Chief Financial Officer. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement.
