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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 The company offers innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. Alan led the companys worldwide SAP consolidation program, driving the company to a single global ERP instance. Enterprise. Its a need that we have, we fill the gap. They can do allthis on their own inside the walls of theirbuilding. Were not goodat cutting costs. They have to convince themselves theycan make the numbers work, because onething we are is very tough on the dealmodel. But theyre not asking anybody at corporate. Sure. At Stryker, we promise to treat your data with respect and will not share your information with any third party. 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). Work At Stryker? Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. Were very tough on holding themaccountable to the metrics of the model. 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. Personalize which data points you want to see and create visualizations instantly. Dr. Homer Stryker, company founder, is born in Athens, Michigan. In 2016, Stryker acquired Physio-Control International Inc., which provides heathcare products, data management and support services. for our people, our customers and their patients, our shareholders and our communities. Vice President, Finance and Treasurer, AndrsCedrn Learn about Stryker Corporation (SYK) stock's management team. We always had a habit of putting in aStryker finance people and a Stryker HRperson, typically. Chief Executive Officer. 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. You may also find the annual proxy statement by going directly to the company's website. Team Leader Analyst Developer, Senior Project NJIT (Former Employee) - Mahwah, NJ - April 27, 2014. The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . Our brand is very strong at treatingpeople we acquire well and growing thebusinesses that we acquire. We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. But thats howit works. 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. Ill give youan example. 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. Its 13 yearsold. Ask him how he's done itas we did at our recent Healthcare CEO Summitand the answer is . Fine, you can keep your name. Coronavirus Tips Working and Protection, For its 2021 fiscal year, STRYKER CORP, listed the following executives on its annual proxy statement to the SEC. 10% of the management team is Black or African American. Stryker works closely with a range of partner companies and organisations throughout the design, manufacture, and sale of its products. Stryker is a leading medical technology company with over 40,000 employees. 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. Theres always thenext deal coming. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implantable devices. But underneaththat, we have this umbrella calledStryker, which has a common look and feel. 62% of the management team is White. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. 269-385-2600. 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. WhenMedtronic had it, it was growing 2 percent,3 percentthats why they sold it. I get those three answers every time. L Littlethings like that really helped. Average management tenure. In our mission statement, it said, Togetherwith our customers, we are driven tomake healthcare better. We are driven,those words were very, very thoughtfullychosen. 10% of the management team is Black or African American. Learn more atchiefexecutivegroup.com. Weve had great success with men andwomen coming out of the military. We were loudlycriticized and even our own customersdidnt support us initially, but now werecoming up on 800 robots in the market. You have to listen with one ear to theinvestors. For R&D engineerswho arent leading large teams to have a bitof an ego is okay. Mission Together with our customers, we are driven During his eight-year tenure, he helped transform Genus into a technology pioneer with leading global franchises in dairy, beef and pork genetics. 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. This was very disruptive. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Read our editorial policy to learn more about our process. {{ userNotificationState.getAlertCount('bell') }}. Wevebecome a much more sophisticated marketingcompany, better price discipline,better price management, better segmentationof customers. (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. Stryker has 5 employees across 55 locations and $18.45 b in annual revenue in FY 2022. At my previous company,occasionally we would hear about a competitorbuying a company. Initially, we were buying products. WhatIve learned is you need to rip the Band-Aidoff quickly. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. Kevin Lobo (57 yo) 10.33yrs. Stryker Corporation, 2825 Airview Boulevard PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. 4.5yrs. Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. Gear advertisements and other marketing efforts towards your interests. tatements. In November, Stryker announcedplans to acquire Wright Medical, whichdevelops medical devices for the extremitiesand biologics markets, for $4.7 billion. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. Stryker President and COO Timothy J. Scannell to retire. Excerpts of that conversation,edited for clarity and length, follow. Theyre going to want to know more. These products and services are usually sold through license agreements or subscriptions. Stryker has 43,000 employees, of which 52 are in a leadership position. That wasnt the case sixyears ago. You buy thetechnology, and you stick it into your ownR&D team. They have thiswhole sense of accountable businesses,and theyre very close to their customers. This is a profile preview from the PitchBook Platform. Stryker employees rate their Executive Team in the Top 5% of similar size companies on Comparably with 10,000+ Employees. Up to 5 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Vice President, Chief Legal Officer, VijuMenon If you dont have the patienceand the fortitude to sell something, go worksomewhere else. 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. free lookups / month. But to lead teams, you cant have bigego. A team of dedicated professionals delivering reliable world-class wheeled combat vehicles to the Warfighter. We try allkinds of crazy things inside the call points. Stryker has 43,000 employees, of which 52 are in a leadership position. 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. Mr. Boehnlein has global responsibilities for Finance activities, including Corporate Accounting, Reporting, Tax, Treasury and Internal Audit.Mr. Looking for a particular Stryker employee's phone or email? Theproducts have their own name. 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. We spend 6.5 percent of our revenue on R&D but dont have anycentral R&D at all, he says. 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. But opting out of some of these cookies may have an effect on your browsing experience. 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,. He has worked as Associate at Katz Teller; Worldwide Vice President, Litigation at Johnson & Johnson; and Vice President - Law at Ethicon Endo-Surgery, Inc.. And so those are things were starting todo even getting, you know, more patient advocacy. All proxy statements are public filings made available to the general public by the SEC. What I say is that people in the corporatecenters of Stryker or shared services, includingme, are in the sell business, not thetell business. It ended up being avery good bet. View supply chain jobs at Stryker. Thorough reviews have been conducted to assure this data accurately reflects disclosures. He received his bachelors and masters degrees in accounting from Mississippi State University. Buthigh drive, high humility is hard to find. So, someone selling to Stryker knows theiremployees will be taken care of and thatwere gonna grow the business, invest inthe business. Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. It gives them a lot of motivation. Thesethings matter for people. 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. By providing your email address below, you are providing consent to Stryker to send you the requested Investor Email Alert updates. symbol for our common stock traded on the New York Stock Exchange. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. When they show upon the first day the deals closed, we show up,they sign up for their Stryker benefits. But its a great question. Lorem ipsum dolor sit amet consectetur adipisicing elit. Prior to this, Karim worked for over 15 . But whats changing is were buildingtremendous marketing capabilities. 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. Go work for a centralizedcompany. Definitely. If itlooks interesting, they call the BD people in. So, if someone outbids us,well lose the deal if they outbid us by a lot. 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. We created amarketing council, which was voluntary,every division could send whoever theywanted. For its 2021 fiscal year, STRYKER CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. Previously, he was CEO of Genus plc, a leading global agricultural biotechnology company. 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. Provide specific products and services to you, such as portfolio management or data aggregation. Preston Wells, Vice President, Investor Relations at 269-385-2600 or preston.wells@stryker.com, For media inquiries please contact: 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. Mon, 07-Nov-2022 8:18. He is the current chair of AdvaMed (Med-Tech trade association) and is a member of the Business Roundtable and Business Council. After submitting your request, you will receive an activation email to the requested email address. Privacy Policy| They have the drive for results,that is what we look for in Stryker. 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 are a growing and evolving organization focused on achieving our mission of making healthcare better. Stryker Management. Download. million verified professionals across 35 million companies. Executive Summary. 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. It gives us new ideas. As we continue to grow, we need leaders like you. Most of the products we sell are acuteintervention products. STRYKER CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Mr. Pierce and Mr. Stiles will continue to serve on the Stryker Leadership Team and will report directly to Kevin A. Lobo, Chair & Chief Executive Officer. You also have the option to opt-out of these cookies. I understand business motivations, IT operations and do analysis of related processes, data and networks that link the E2E value stream. You can sign up for additional alert options at any time. The result? High drive, low ego is rare. Andtheyre out the door. Stryker is 34% female and 66% male company-wide. Whatever deal model they put together,it doesnt go on a shelf, it goes into theirbonus plan for the next two years. Here are further demographic highlights of the leadership team: The Stryker executive team is 40% female and 60% male. Frankly, its just as powerful inside the companyas it is with our customers. Yeah. Lorem ipsum dolor sit, amet consectetur adipisicing elit. We screen forhumility. Wewere not a great marketing companyseven or eight years ago. All these deals, frankly, havejust strengthened our category position justas much as a new product would. Vice President, Internal Audit, Alan Douville Its an EMTproduct, not a heart product. I have to sell the divisions onwhy they should do anything. Tim has led teams to excellent performance over time and has been a champion of growth and talent throughout his career, said Mr. Lobo. Looking for a particular Stryker employee's phone or email? 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. I have customer focus, I have innovation, Ihave globalization, and then cost transformation. Enter employee name to find & verify emails, phones, social links, etc. 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. For investor inquiries please contact: STRYKER CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Group President, MedSurg and Neurotechnology, SpencerStiles 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. And that is hard to find. I wanna use the money foracquisitions. Shareholders were screamingat me, they wanted me to buy back stock. Oct 2021 - Jan 20231 year 4 months. The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . The Stryker executive team is 40% female and 60% male. The more you do, you getbetter at it, you build muscle, you buildknow-how. 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. The Program Executive Office for Ground Combat Systems - Stryker Brigade Combat Team, won both the Secretary of the Army and Secretary of Defense team awards for Environmental Excellence in . William works or has worked as MEMBER at American Institute of Certified Public Accountant. Howdo we become really excellent in that callpoint and solve their problems in the callpoint? 16% of Stryker's management is Hispanic or Latino. Vice President, Corporate Secretary, IreneCorbe To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Copyright 2023 Morningstar, Inc. All rights reserved. Were in its infancy right now. Here's a list of some of the top trending technologies and APIs used by Stryker. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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.