16% of Stryker management is Hispanic or Latino. Its justbought versus made.. - Optimizing current cleaning and packaging capabilities of the Stryker Mahwah location. We provide a platform for our authors to report on investments fairly, accurately, and from the investors point of view. They know the board ofdirectors is coming so they do it themselves. Its teamfirst, me second. If you choose to logout it will log you out from all the applications. Go work for a centralizedcompany. Group President, Orthopaedics and Spine, JasonBeach Orthopedic Frame Company, Ivy Sports Medicine. 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. Mako is the brand for roboticin orthopedics. Hey, you wanna keep thesame name? This is a profile preview from the PitchBook Platform. Learn about Stryker Corporation (SYK) stock's management team. Stryker is a leading medical technology company with over 40,000 employees. VP, Chief Information Officer & Chief Information Security Officer. Wedont do that anymore. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Get the full list, To view Strykers complete patent history, request access, Youre viewing 5 of 72 executive team members. Chief Executive recently had the opportunityto talk with Lobo about his approach todeal-making. Enter employee name to find & verify emails, phones, social links, etc. symbol for our common stock traded on the New York Stock Exchange. Theproducts have their own name. Here's a list of some of the top trending technologies and APIs used by Stryker. We used to be way too nice tothese companies. But now were startingto see in certain organizations, lets put ina Stryker sales leader. 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. During his tenure, hes done55 deals across a spectrum of products andcompaniesrobotics, surgical devices,pharmaceuticalseach and every one strategicallychosen to strengthen a categoryposition. After submitting your request, you will receive an activation email to the requested email address. The more you do, you getbetter at it, you build muscle, you buildknow-how. It gives them a lot of motivation. 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. Im not saying theyre bad, itsjust not us. 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? The data presented on this page does not represent the view of Stryker and its employees or that of Zippia. Patients care a lot now. They can do allthis on their own inside the walls of theirbuilding. Looking for a particular Stryker employee's phone or email? Inthe military, its about the mission. And we had this balance sheet that was very strong. 269-385-2600. Chief Executive Officer. I understand business motivations, IT operations and do analysis of related processes, data and networks that link the E2E value stream. I have customer focus, I have innovation, Ihave globalization, and then cost transformation. These responsibilities include oversight of regional businesses, corporate strategy, and business development. How we use your information depends on the product and service that you use and your relationship with us. What I say is that people in the corporatecenters of Stryker or shared services, includingme, are in the sell business, not thetell business. He received his bachelors and masters degrees in accounting from Mississippi State University. Every company has their ownmagic, and thats ours. Ask him how he's done itas we did at our recent Healthcare CEO Summitand the answer is . orward- 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. View supply chain jobs at Stryker. Personalize which data points you want to see and create visualizations instantly. The move came shortly after the companyclosed on a $500 million deal to purchaseMobius Imaging and its robotics-orientedsister company, GYS Tech. William works or has worked as MEMBER at American Institute of Certified Public Accountant. Download. 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. Thats something that Stryker used to track. The product portfolio includes hip and knee replacements, endoscopy systems, operating room equipment, embolic coils, hospital beds and gurneys, and spinal devices. It was my first big deal as CEO. Its painful,being in the center and having to go to eachdivision president and get them to buy intosomething, it takes longer. Most of the products we sell are acuteintervention products. It is mandatory to procure user consent prior to running these cookies on your website. Theyre disciplined. Stryker has 5 employees across 55 locations and $18.45 b in annual revenue in FY 2022. Thats exactly right. Theyre asleep. Search over 700 Every single business has their own sales,their own marketing, their own R&D, theirown business development. 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. I took a lot of heat fromthat. So, someone selling to Stryker knows theiremployees will be taken care of and thatwere gonna grow the business, invest inthe business. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. Total Equityaggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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 Our stock went down 5 percent the daywe announced the deal. Our knee business, we havethe oldest knee on the market. They want to know,Hey, is it being done with robotic surgery,and whats the implant?. View all jobs in Redmond at Stryker. This website uses cookies to improve your experience while you navigate through the website. Let me start with whats not changing. Pierce: President: Viju Menon Ph.D: President: You're viewing 5 of 72 executive team members. 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?. But people thatwho dont have that high humility, low ego,they get chewed up and spit out really fast. You can sign up for additional alert options at any time. Its a structural advantage. Executive Team. So, the orthopedics groups decidednot to invest in that. Lets sprinkle in alittle bit more Stryker. 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. 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,. Frankly, its just as powerful inside the companyas it is with our customers. WhenMedtronic had it, it was growing 2 percent,3 percentthats why they sold it. It ended up being avery good bet. Key Partners. 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. 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. 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. I have to sell the divisions onwhy they should do anything. 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. If I tell themwhat to do, and Im not selling them on whyto do it, theyre not gonna embrace it. Philip M. Lister. If you experience any issues with this process, please contact us for further assistance. This site is governed solely by applicable U.S. laws and governmental regulations. 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. The employee data is based on information from people who have self-reported their past or current employments at Stryker. Our Code is our compassit empowers us to move forward the right way. Lorem ipsum dolor sit amet consectetur adipisicing elit. The result? 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. Member Since: February 2021. Of all the deals weve done, that was the most controversial. patients annually. Stryker employs 43,000 employees. Develop and improve features of our offerings. We created a common curriculum,a common language around what wecall big-picture marketing training. I wanna use the money foracquisitions. Shareholders were screamingat me, they wanted me to buy back stock. 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. But that was more of abet that we made. The company offers innovative products and services in Orthopaedics, Medical and Surgical, and Neurotechnology and Spine that help improve patient and hospital outcomes. David Stryker. S We are a growing and evolving organization focused on achieving our mission of making healthcare better. 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. During his eight-year tenure, he helped transform Genus into a technology pioneer with leading global franchises in dairy, beef and pork genetics. This site is protected by reCAPTCHA and the Google He studied at Eastern Michigan University between 1983 and 1987 and American Society of Heating Refrigerating & A-C Engineers. Lorem ipsum dolor sit, amet consectetur adipisicing elit. Twothings happen: When the board goes to thevisit, I dont have to ask them to put theStryker signage up. Stryker has 43,000 employees, of which 52 are in a leadership position. Average management tenure. Now, people gettheir computers right away on day one. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). 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. Learn more about jobs at Stryker. Howdo we become really excellent in that callpoint and solve their problems in the callpoint? For its 2021 fiscal year, STRYKER CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. This was seven years ago, buybacks werein vogue. Executive Compensation in Private Companies Report, Flex Focuses On Autonomation For Best Returns From Digitalizing, AP Automation: Medicine For A Looming Recession. Wed like to share more about how we work and what drives our day-to-day business. I would call andsay, Whats this company theyre buying?[Theyd say], We dont know who they are. You must click the activation link in order to complete your subscription. Its actuallyvery easy. A team of dedicated professionals delivering reliable world-class wheeled combat vehicles to the Warfighter. I thought we were being overlyconservative as a company with our cash. We also use third-party cookies that help us analyze and understand how you use this website. Vice President, Corporate Secretary, IreneCorbe 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. CEO Kevin Lobo shares a detailed breakdown of how they do it. Get the full list, Youre viewing 5 of 80 investments and acquisitions. Vice President, Chief Accounting Officer, JeanneBlondia See insights on Stryker including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. The questionis, can you make the business model workand the economics work? Orthopaedics includes the Company's Reconstructive, Trauma and Extremities . 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 . Its a trait that we look for. Stryker has 43,000 employees, of which 52 are in a leadership position. Stryker is a leading medical technology company driven to make healthcare better. Get Contact Info for All Departments Stryker Org Chart Kevin Lobo Chair and CEO 8 6 Product & Eng (3.7k) Alan Douville 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. 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. How do we become indispensableto them? All rights reserved | Chief Executive Group | Privacy Policy. Vice President, Investor Relations Coronavirus Tips Working and Protection, For its 2021 fiscal year, STRYKER CORP, listed the following executives on its annual proxy statement to the SEC. 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. Vice President, Chief Legal Officer, VijuMenon Mission Together with our customers, we are driven Karim joined Convatec in September 2019. We have a knee calledTriathlon, we have the Big Wheel bed. 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. 130M How does that play out on the ground? 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 screen forhumility. Rob attended Boston College Law School between 1993 and 1996 and The Ohio State University between 1988 and 1992. We always had a habit of putting in aStryker finance people and a Stryker HRperson, typically. 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. Public Fundamental Data provided by Morningstar, Inc. Stryker designs, manufactures, and markets an array of medical equipment, instruments, consumable supplies, and implanta, pariatur. Verify your identity, personalize the content you receive, or create and administer your account. We know how toinnovate and create new cycles of this innovation. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. 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. High drive, low ego is rare. Those peopleneed the lowest ego, because nobody careswhat your title is at Stryker. I killedthe metric because its a useless metricfor some of our businesses. Were not involved. 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. 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. It would do one or two deals a year, maybe. Were not goodat cutting costs. 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. Duis aute irure dolor in reprehenderit in, Youre viewing 5 of 41 competitors. Privacy Policy and And iftheyre missing their numbers, they feel thepain. Stryker remains one of the three largest competitors in reconstructive orthopedic implants and holds the leadership position in operating room equipment. I refused to buy back the stock because itsnot a long-term value creator. Thesethings matter for people. Team Leader Analyst Developer, Senior Project NJIT (Former Employee) - Mahwah, NJ - April 27, 2014. No credit card required. And even though we do a lot of deals,we only have two people in corporate business development. Prior to this, Karim worked for over 15 . We wish Tim and his family the very best in his retirement., Caution Concerning F . In our mission statement, it said, Togetherwith our customers, we are driven tomake healthcare better. We are driven,those words were very, very thoughtfullychosen. Stryker may also be known as or be related to Stryker and Stryker Corporation. When you buy technology without all thepeople, its easy to integrate. Mon, 07-Nov-2022 8:18. The acquisitional tear shows no sign ofabating. We used to just feed them with moneyand investment and leave them alone. Its coming. If you open the back of an ambulance,the two most expensive items in the back ofthat ambulance are the powered cottheStrykerand the defibrillator. We offer innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and hospital outcomes. 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. Download. 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. 10% of the management team is Black or African American. Webmaster| "The Stryker program is healthy," offers Col. William Venable, Army project manager for the Stryker Brigade Combat Team. By call point. Now, investors are like, Why are you wasting your money? 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. 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. At my previous company,occasionally we would hear about a competitorbuying a company. We were not great at it early. And so those are things were starting todo even getting, you know, more patient advocacy. If the call point is a neurosurgeon, how dowe bring everything we can to the neurosurgeon? Wewere not a great marketing companyseven or eight years ago. 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. Theyre going to want to know more. 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. M attended Kenyon College and Rutgers University School of Management. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. You have to have high humility. Vice President, Finance and Treasurer, AndrsCedrn L They have the drive for results,that is what we look for in Stryker. tatements. They have to convince themselves theycan make the numbers work, because onething we are is very tough on the dealmodel. Theycare about the legacy. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Download. Previously, he was CEO of Genus plc, a leading global agricultural biotechnology company. 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. "It's a good time to be in the Stryker business. The Stryker management team includes Kevin Lobo (Chair and CEO), Dylan Crotty (President, Instruments), and Timothy Scannell (Board Member) . Theyre organized. Initially, we were buying products. You guys wanna dress this way or whateverdo this, thats fine.. PitchBooks comparison feature gives you a side-by-side look at key metrics for similar companies. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. People are going to care muchmore. Everyonein the center at Stryker is at the surface ofthe divisions, theyre the center of gravityof our company. Kevin Lobo (57 yo) 10.33yrs. We find a way to massagethem. Its changed over time. Our team helps the organization achieve success by providing the right product to the right customer at the right time. 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. I would say were in the very early stagesof consumerism. Basically, within ayear, we want all the signage to be Stryker. 10% of the management team is Black or African American. They sold to private equity, and we bought it from private equity. These cookies will be stored in your browser only with your consent. Stryker is one of the worlds leading medical technology companies and, together with its customers, is driven to make healthcare better. All rights reserved. We try allkinds of crazy things inside the call points. The Stryker executive team is 40% female and 60% male. Absolutely. Vice President, Chief Information Officer and Chief Information Security Officer, Dana McMahon Its a need that we have, we fill the gap. This was very disruptive. And if we pass onsomething, they know that they can comeback the next week with another deal. It createsa lot more power. You buy thetechnology, and you stick it into your ownR&D team. But to lead teams, you cant have bigego. 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. For investor inquiries please contact: Whatever deal model they put together,it doesnt go on a shelf, it goes into theirbonus plan for the next two years. And Lobo has builta culture capable of repeated success indeal-making. He is also active with community boards. Read our editorial policy to learn more about our process. White is the most common ethnicity company-wide. Stryker raised a total of $400 M in funding over 1 rounds, and is a public traded company. Its thesense of purpose. As a new personcoming into orthopedics, I said, Theseimplants are all good now. -Core team contributor to 250K in monthly store revenue. 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. 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. Stryker employs 38,134 employees. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. Tim has led teams to excellent performance over time and has been a champion of growth and talent throughout his career, said Mr. Lobo. Necessary cookies are absolutely essential for the website to function properly. YinBecker They usually have distributors,so you get rid of the distributors. Excerpts of that conversation,edited for clarity and length, follow. Its 13 yearsold. Stryker Corporation is an American multinational medical technologies corporation based in Kalamazoo, Michigan. 62% of the management team is White. Itwont work. million verified professionals across 35 million companies. Provide specific products and services to you, such as portfolio management or data aggregation. for our people, our customers and their patients, our shareholders and our communities. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. Get the full list Thorough reviews have been conducted to assure this data accurately reflects disclosures. Get contact details including emails and phone numbers If theyre a really good innovativecompany, the last thing I want to do iskill their innovation. They have thiswhole sense of accountable businesses,and theyre very close to their customers. Oct 2021 - Jan 20231 year 4 months. Its an umbrella. Weve had great success with men andwomen coming out of the military. Based on our data team's research, Kevin A. Lobo is the Stryker's CEO. But thats howit works. Executive Vice President, General Counsel and Secretary. 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. 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 . View all jobs in Redmond at Stryker. Andtheyre out the door. 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. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We called it the Freshness Index. We spend 6.5 percent of our revenue on R&D but dont have anycentral R&D at all, he says. I get those three answers every time. None of the information on this page has been provided or approved by Stryker. STRYKER CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Ms. Owen served as Vice President and Advisor to the Chief Executive Officer of Stryker Corporation [NYSE: SYK], from June 2020 to March 2021 and served as Vice President of Strategy and Investor Relations at Stryker from 2007 to 2020, where she was responsible for overseeing the strategic planning and business development processes, as well as investor relations.