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. Patients care a lot now. Prior to this, Karim worked for over 15 . PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Vice President, Internal Audit, Alan Douville 2023 PitchBook. Privacy Policy and November 4, 1894 Executive Vice President, General Counsel and Secretary. YinBecker We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. 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. symbol for our common stock traded on the New York Stock Exchange. But its a great question. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Based on our data team's research, Kevin A. Lobo is the Stryker's CEO. Get Contact Info for All Departments. IT Department. Vice President, Investor Relations "It's a good time to be in the Stryker business. NowI just put another product in their bag,focused on the call point. 10% of the management team is Black or African American. By call point. STRYKER CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Our management | Stryker About Medical and Surgical Equipment Our management We have a high-performance team of diverse and talented leaders that live our mission and values. 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. Ask him how he's done itas we did at our recent Healthcare CEO Summitand the answer is . Whatever deal model they put together,it doesnt go on a shelf, it goes into theirbonus plan for the next two years. But to lead teams, you cant have bigego. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Develop, Deliver and Sustain the Army's Premier Wheeled Combat Vehicles to Sustain our Soldiers' Combat Advantage. Necessary cookies are absolutely essential for the website to function properly. We started doingacquisitions. Absolutely. Tim has led teams to excellent performance over time and has been a champion of growth and talent throughout his career, said Mr. Lobo. Alan leads the global IT team across all aspects of application, infrastructure, security and network services as well as supporting all +30,000 employees with projects, support and technical services. This category only includes cookies that ensures basic functionalities and security features of the website. Preston Wells, Vice President, Investor Relations at 269-385-2600 or preston.wells@stryker.com, For media inquiries please contact: Theycare about the legacy. 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 But that was more of abet that we made. The simplest way of describing it is customerfocus, that first pillar of the strategy. The staff at Stryker come from unusually diverse demographic backgrounds. 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. They have to convince themselves theycan make the numbers work, because onething we are is very tough on the dealmodel. We spend 6.5 percent of our revenue on R&D but dont have anycentral R&D at all, he says. 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. Andtheyre out the door. View supply chain jobs at Stryker. Industry Healthcare, Technology + 2 more Location Weston, FL + 11 more Size 10,000+ employees Perks and Benefits Health & Wellness and more Working at Stryker With more than 43,000 employees globally, Stryker is on a mission to make healthcare better. Get the full list, Youre viewing 5 of 80 investments and acquisitions. million verified professionals across 35 million companies. 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. Its thesense of purpose. Every company has their ownmagic, and thats ours. High drive, low ego is rare. The most common ethnicity among Stryker executive officers is White. tatements. I believe focus drives growth. patients annually. last updated: And almost one out of every three kneesis going in with a robot. Pierce: President: Viju Menon Ph.D: President: You're viewing 5 of 72 executive team members. They usually have distributors,so you get rid of the distributors. Its the first time in the historyof orthopedics that the oldest knee is thefastest-growing knee. - Optimizing current cleaning and packaging capabilities of the Stryker Mahwah location. VP, Chief Information Officer & Chief Information Security Officer. Howdo we become really excellent in that callpoint and solve their problems in the callpoint? Privacy Policy| Were not goodat cutting costs. Wevebecome a much more sophisticated marketingcompany, better price discipline,better price management, better segmentationof customers. Twothings happen: When the board goes to thevisit, I dont have to ask them to put theStryker signage up. Webmaster| Stryker employs 38,134 employees. But theyre not asking anybody at corporate. Kevin Lobo (57 yo) 10.33yrs. 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. United States. 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. Average management tenure. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Wewere not a great marketing companyseven or eight years ago. And iftheyre missing their numbers, they feel thepain. He has worked as Associate at Katz Teller; Worldwide Vice President, Litigation at Johnson & Johnson; and Vice President - Law at Ethicon Endo-Surgery, Inc.. As we continue to grow, we need leaders like you. We startedgetting busy on deals. We dont want tocompletely change the culture because eachdivision is unique and were buying themfor a reason. 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. Gear advertisements and other marketing efforts towards your interests. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Stryker is 34% female and 66% male company-wide. Search, find and apply to job opportunities at Stryker, one of the world's leading medical technology companies. Yeah. 130M If theyre a really good innovativecompany, the last thing I want to do iskill their innovation. for our people, our customers and their patients, our shareholders and our communities. Sales, marketing, R&D, business development, theyre all in the same building. Stryker excels at identifying emerging opportunitiesacross a broad spectrum of medtech categories. Weve had to tweak our model. People are going to care muchmore. 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. Frankly, investors thought it was inefficient. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Our Code is our compassit empowers us to move forward the right way. 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? Stryker CEO and key executive team Stryker's Chair and CEO is Kevin A. Lobo. We created amarketing council, which was voluntary,every division could send whoever theywanted. They sit in the same building. Stryker may also be known as or be related to Stryker and Stryker Corporation. How do we become indispensableto them? Stryker's key executives include Kevin A. Lobo and 27 others. The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . But thats howit works. Previously, he was CEO of Genus plc, a leading global agricultural biotechnology company. Why? And if we pass onsomething, they know that they can comeback the next week with another deal. It is mandatory to procure user consent prior to running these cookies on your website. Alan led the companys worldwide SAP consolidation program, driving the company to a single global ERP instance. If I tell themwhat to do, and Im not selling them on whyto do it, theyre not gonna embrace it. free lookups / month. You also have the option to opt-out of these cookies. 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. Enterprise. Provide specific products and services to you, such as portfolio management or data aggregation. Knee replacement is a great example. 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. Karim joined Convatec in September 2019. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The diversity in Stryker employees extends to employee political beliefs. Personalize which data points you want to see and create visualizations instantly. I refused to buy back the stock because itsnot a long-term value creator. The Stryker executive team is 40% female and 60% male. For its 2021 fiscal year, STRYKER CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Mr. Boehnlein has global responsibilities for Finance activities, including Corporate Accounting, Reporting, Tax, Treasury and Internal Audit.Mr. Stryker is one of the worlds leading medical technology companies and, together with its customers, is driven to make healthcare better. They can do allthis on their own inside the walls of theirbuilding. They sold to private equity, and we bought it from private equity. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. We also use third-party cookies that help us analyze and understand how you use this website. Go work for a centralizedcompany. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. CEO. It was counterintuitive. 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. Its a trait that we look for. How does that play out on the ground? We are a growing and evolving organization focused on achieving our mission of making healthcare better. He is the current chair of AdvaMed (Med-Tech trade association) and is a member of the Business Roundtable and Business Council. Theyre asleep. Were good at growing. WhatIve learned is you need to rip the Band-Aidoff quickly. They know the board ofdirectors is coming so they do it themselves. It was my first big deal as CEO. Frankly, its just as powerful inside the companyas it is with our customers. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The acquisitional tear shows no sign ofabating. 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. 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. All rights reserved. Were very tough on holding themaccountable to the metrics of the model. During his tenure, hes done55 deals across a spectrum of products andcompaniesrobotics, surgical devices,pharmaceuticalseach and every one strategicallychosen to strengthen a categoryposition. Stryker is a leading medical technology company with over 40,000 employees. You can sign up for additional alert options at any time. Get the full list Those peopleneed the lowest ego, because nobody careswhat your title is at Stryker. 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. . We wish Tim and his family the very best in his retirement., Caution Concerning F 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. Wehave a common playbook. As a new personcoming into orthopedics, I said, Theseimplants are all good now. And its very unifying forthe organization. Stryker employees rate their Executive Team in the Top 5% of similar size companies on Comparably with 10,000+ Employees. Vice President, Chief Accounting Officer, JeanneBlondia Mon, 07-Nov-2022 8:18. Its justbought versus made.. Our process is not efficient. We want the mission values on your wall. Our team helps the organization achieve success by providing the right product to the right customer at the right time. Theres always thenext deal coming. Philip M. Lister. 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. Its changed over time. Kevin was born in India, grew up in Canada, and has lived and worked in four countries and four industries. Medical Devices & Equipment, Manufacturing, 2825 Airview Blvd, Kalamazoo, Michigan, 49002, United States. In the medtech industry in which Kalamazoo, Michigan-based Stryker plays, he says, innovation can only be derived if youre very,very closely collaborating with customers We dont want to inventanything without iteration with our clinical customers. For Lobo,that translates to a decentralized structure that that pushes power andacquisition strategizing down through the organization and as close tothe customer as possible. For investor inquiries please contact: Our stock went down 5 percent the daywe announced the deal. Theyre going to want to know more. But one of the tricks I do, a very subtleway of forcing change, is to take the boardof directors to visit within a year. Even my customers were very upset, it was a disruptive idea. They have thiswhole sense of accountable businesses,and theyre very close to their customers. Stryker has 5 employees across 55 locations and $18.45 b in annual revenue in FY 2022. We have to carve out a few resourcesthat are virtually full-time on deals becausetheres so many of them. Get Contact Info for All Departments. 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. View all jobs in Redmond at Stryker. Call-point driven. We are driven to make healthcare better for our customers by providing innovative products and services that meet regulatory requirements through our effective quality system. 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. I thought we were being overlyconservative as a company with our cash. Download. Excerpts of that conversation,edited for clarity and length, follow. Executive Team. 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 provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. Vice President, Investor Relations, BillBerry 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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,. 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. . Hey, you wanna keep thesame name? View all jobs in Redmond at Stryker. Stryker Management. We do customer focus structurally. The information shown here is a reporting of information included in the company's proxy statement. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices. We have a high-performance team of diverse and talented leaders that live our mission and values. At Stryker, we promise to treat your data with respect and will not share your information with any third party. Ill give youan example. Group President, MedSurg and Neurotechnology, SpencerStiles Get the full list, Youre viewing 5 of 13 board members. At Stryker, quality is first in everything we do. We were loudlycriticized and even our own customersdidnt support us initially, but now werecoming up on 800 robots in the market. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data. Its coming. Senior Division IP Counsel, Director, Business Development (Mergers & Acquisitions), Vice President and Senior Division Counsel - Spine. Thats something that Stryker used to track. Team Leader Analyst Developer, Senior Project NJIT (Former Employee) - Mahwah, NJ - April 27, 2014. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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). Stryker has 43,000 employees, of which 52 are in a leadership position. 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. Thats exactly right. 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. 11/08/2012. Stryker Announces Changes to Executive Leadership. Every single business has their own sales,their own marketing, their own R&D, theirown business development. Stryker serves an international customer base spanning more than 100 countries, serving healthcare professionals, medical facilities, and specialist equipment and device distributors. We used to be way too nice tothese companies. Get the full list, To view Strykers complete esg history, request access, Youre viewing 5 of 7 exits. I killedthe metric because its a useless metricfor some of our businesses. Its a structural advantage. Executive Team. During his eight-year tenure, he helped transform Genus into a technology pioneer with leading global franchises in dairy, beef and pork genetics. If the call point is a neurosurgeon, how dowe bring everything we can to the neurosurgeon? Learn about Stryker Corporation (SYK) stock's management team. Looking for a particular Stryker employee's phone or email? We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Fine, you can keep your name. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. The product portfolio includes hip and knee replacements, endoscopy systems, operating room equipment, embolic coils, hospital beds and gurneys, and spinal devices. Vice President, Chief Legal Officer, VijuMenon You cant listen with both ears. White is the most common ethnicity company-wide. This report is not for commercial use. It ended up being avery good bet. So, someone selling to Stryker knows theiremployees will be taken care of and thatwere gonna grow the business, invest inthe business. 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. 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. Itsvery entrepreneurial that way. In 2016, Stryker acquired Physio-Control International Inc., which provides heathcare products, data management and support services. I would call andsay, Whats this company theyre buying?[Theyd say], We dont know who they are. He studied at Eastern Michigan University between 1983 and 1987 and American Society of Heating Refrigerating & A-C Engineers. Its an emergency medical technology.. At my previous company,occasionally we would hear about a competitorbuying a company. Enter employee name to find & verify emails, phones, social links, etc. Looking for a particular Stryker employee's phone or email? Stryker has 43,000 employees, of which 52 are in a leadership position. He is also active with community boards. We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. Definitely. You may also find the annual proxy statement by going directly to the company's website. 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. 62% of the management team is White. No onesgonna say, [Make] sure that rod is aStryker rod, because theyre under anesthetic. He embodies our mission and values, and we are grateful for his leadership and impressive results. Orthopaedics includes the Company's Reconstructive, Trauma and Extremities . Orthopedic Frame Company, Ivy Sports Medicine. 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. More information is available atwww.stryker.com. If you open the back of an ambulance,the two most expensive items in the back ofthat ambulance are the powered cottheStrykerand the defibrillator. But it will accelerate, and were alreadytalking to our teams about how we starttelling our story. These products and services are usually sold through license agreements or subscriptions. Vice President, Chief Information Officer and Chief Information Security Officer, Dana McMahon Chief Executive Officer. 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. 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. SYK Littlethings like that really helped. Wedont do that anymore. -Promote vehicle upgrades and additional protections through suggestive . You guys wanna dress this way or whateverdo this, thats fine.. Vice President, Chief Financial Officer, KatyFink These responsibilities include oversight of regional businesses, corporate strategy, and business development. It would do one or two deals a year, maybe. Now, people gettheir computers right away on day one. 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. 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 youregonna be put in as division president, youbetter be spending a good percentage ofyour time looking at deals. Lets sprinkle in alittle bit more Stryker. Here's a list of some of the top trending technologies and APIs used by Stryker. When I became CEO, Stryker was a very sporadic acquirer. Verify your identity, personalize the content you receive, or create and administer your account. If you have a caraccident and your leg has to be repaired,consumerism isnt going to help. You must click the activation link in order to complete your subscription. Its an expectation. 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. The IT department and the HR department are more confident in their Executive Team, while the Finance department and the Product department think there is room for improvement. Lorem ipsum dolor sit amet consectetur adipisicing elit.
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