We called it the Freshness Index. I thought we were being overlyconservative as a company with our cash. So, the orthopedics groups decidednot to invest in that. Work At Stryker? Get the full list, To view Strykers complete esg history, request access, Youre viewing 5 of 7 exits. We used to be way too nice tothese companies. Tim has led teams to excellent performance over time and has been a champion of growth and talent throughout his career, said Mr. Lobo. I say the term call point very intentionally because its different than what youll hear other CEOs or companies say. "The Stryker program is healthy," offers Col. William Venable, Army project manager for the Stryker Brigade Combat Team. Patients care a lot now. It ended up being avery good bet. 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. We started doingacquisitions. But not for anything elective. Most of the products we sell are acuteintervention products. You must click the activation link in order to complete your subscription. patients annually. Its painful,being in the center and having to go to eachdivision president and get them to buy intosomething, it takes longer. No credit card required. 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. (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. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. How do we become indispensableto them? We have a divisionthats laser-focused on that call point. This was seven years ago, buybacks werein vogue. 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). Webmaster| 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. Its 13 yearsold. Preston Wells, Vice President, Investor Relations at 269-385-2600 or preston.wells@stryker.com, For media inquiries please contact: Read our editorial policy to learn more about our process. 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. Get contact details including emails and phone numbers 11/08/2012. Comprehensive performance, salary and tenure analysis for the CEO, board and leadership team. Stryker employs 38,134 employees. Kalamazoo, MI 49002 You cant listen with both ears. The hardest part is hiringpeople in the corporate staff. Stryker Announces Changes to Executive Leadership. 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. They want to know,Hey, is it being done with robotic surgery,and whats the implant?. Of all the deals weve done, that was the most controversial. Enterprise. SYK Verify your identity, personalize the content you receive, or create and administer your account. Stryker works closely with a range of partner companies and organisations throughout the design, manufacture, and sale of its products. 130M But thats howit works. 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?. last updated: Key Partners. Mon, 07-Nov-2022 8:18. Everyonein the center at Stryker is at the surface ofthe divisions, theyre the center of gravityof our company. If I tell themwhat to do, and Im not selling them on whyto do it, theyre not gonna embrace it. Thats the way were structured. You have to listen with one ear to theinvestors. NowI just put another product in their bag,focused on the call point. Dr. Homer Stryker, company founder, is born in Athens, Michigan. Sure. STRYKER CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. By doing whats right we earn trust, grow our business and achieve our mission. At Stryker, we promise to treat your data with respect and will not share your information with any third party. million verified professionals across 35 million companies. 2023 PitchBook. He embodies our mission and values, and we are grateful for his leadership and impressive results. Alan received an MBA and a bachelors degree in electrical engineering from the University of Maine. They sold to private equity, and we bought it from private equity. Ask him how he's done itas we did at our recent Healthcare CEO Summitand the answer is . -Promote vehicle upgrades and additional protections through suggestive . We were not great at it early. You buy thetechnology, and you stick it into your ownR&D team. - Optimizing current cleaning and packaging capabilities of the Stryker Mahwah location. 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. 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). Vice President, Chief Human Resources Officer, RobFletcher Andtheyre out the door. 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 Thats something that Stryker used to track. View all jobs in Redmond at Stryker. Hey, you wanna keep thesame name? 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. CEO Kevin Lobo shares a detailed breakdown of how they do it. Dan Bigman is Editor and Chief Content Officer of Chief Executive Group, publishers of Chief Executive, Corporate Board Member. Theres always thenext deal coming. I believe focus drives growth. This site is governed solely by applicable U.S. laws and governmental regulations. I understand business motivations, IT operations and do analysis of related processes, data and networks that link the E2E value stream. So when customers are changing, we seethings early. 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. - Designing a more efficient method of performing the procedures. At Stryker, quality is first in everything we do. These cookies do not store any personal information. I refused to buy back the stock because itsnot a long-term value creator. All these deals, frankly, havejust strengthened our category position justas much as a new product would. 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. Our team helps the organization achieve success by providing the right product to the right customer at the right time. And Lobo has builta culture capable of repeated success indeal-making. They sit in the same building. So it is irrelevant for certain portions ofour business. We are a growing and evolving organization focused on achieving our mission of making healthcare better. STRYKER CORPannual reports of executive compensation and pay are most commonly found in the Def 14a documents. Vice President, Chief Information Officer and Chief Information Security Officer, Dana McMahon Stryker is 34% female and 66% male company-wide. The most common ethnicity among Stryker executive officers is White. - Creating an overall flow analysis of the facility rendering the process into Arena software. 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. This story first appeared as the cover story of the March/April 2020 issue of Chief Executive. 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 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. Even my customers were very upset, it was a disruptive idea. Mr. Boehnlein has global responsibilities for Finance activities, including Corporate Accounting, Reporting, Tax, Treasury and Internal Audit.Mr. 10% of the management team is Black or African American. 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. Our process is not efficient. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. We were loudlycriticized and even our own customersdidnt support us initially, but now werecoming up on 800 robots in the market. We find a way to massagethem. When a hospitalcustomer is thinking, Who shouldI be partnering with for neurosurgery ororthopedic surgery? We want to be the obviouschoice. Wed like to share more about how we work and what drives our day-to-day business. But it will accelerate, and were alreadytalking to our teams about how we starttelling our story. Every company has their ownmagic, and thats ours. Stryker CEO and key executive team Stryker's Chair and CEO is Kevin A. Lobo. Stryker excels at identifying emerging opportunitiesacross a broad spectrum of medtech categories. Two of our competitors launched newknees three or four years ago, and weretaking market share from them with an olderknee. Vice President, Finance and Treasurer, AndrsCedrn But underneaththat, we have this umbrella calledStryker, which has a common look and feel. Its thesense of purpose. And its very unifying forthe organization. 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. Total Equityaggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Group President, MedSurg and Neurotechnology, SpencerStiles 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. Absolutely. Get Contact Info for All Departments. 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. Sales, marketing, R&D, business development, theyre all in the same building. 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. Twothings happen: When the board goes to thevisit, I dont have to ask them to put theStryker signage up. We used to just feed them with moneyand investment and leave them alone. So, if someone outbids us,well lose the deal if they outbid us by a lot. Itwont work. Were in its infancy right now. This website uses cookies to improve your experience while you navigate through the website.
