Stryker Changes Executive Leadership

In short

Stryker Corporation has announced the appointment of David K. Floyd to the role of Group President, Orthopaedics, effective November 15, 2012. Orthopaedics includes the Company’s Reconstructive, Trauma and Extremities, Joint Preservation, Orthobiologics and Performance Solutions businesses. Mr. Floyd will report to Kevin A. Lobo, President and Chief Executive Officer of Stryker.

Background

Coming just over a month since Kevin Lobo was named new President/CEO, top level management changes are perhaps predictable as any new incumbent is likely to want to shake things up a little. And in any case, he needed to fill the hole left when he moved upstairs.

Mr. Floyd joins Stryker after 25 years in the medical technology and orthopaedics industry where he held a number of senior level leadership roles at DePuy, a division of Johnson and Johnson, Abbott Spine, AxioMed Spine, Centerpulse Orthopaedics and most recently as Chief Executive Officer for OrthoWorx.

Stryker also announced management realignment, effective January 1, 2013. Mr. Floyd will also take on responsibility for Stryker’s Spine division, and Timothy J. Scannell will assume responsibility for Stryker’s Neurotechnology businesses, including the Neurovascular division and Craniomaxillofacial business. As Group President of MedSurg and Neurotechnology, Mr. Scannell will continue to report to Mr. Lobo and maintain responsibilities for the Instruments, Medical, Endoscopy, and Sustainability Solutions divisions.

Mr. Scannell began his career with Stryker in 1990 and held various leadership positions within the Endoscopy, Biotech, and Spine divisions before being named Group President in 2008. He currently serves as Group President of MedSurg and Spine.

Company comments

“David brings a strong medical device and orthopaedic perspective to Stryker through his successful leadership roles in a broad range of enterprises, including a venture backed startup, middle market med tech and large cap multinationals. He is a proven leader who has demonstrated the ability to drive profitable growth through innovation and we are delighted to have David join our executive team at Stryker,” said Mr. Lobo. Mr. Floyd has successfully managed global businesses through unprecedented industry change while maintaining strong company, regulatory and customer relationships.

“This realignment will best leverage our leadership talent to drive growth in our Reconstructive, MedSurg and Neurotechnology and Spine segments,” said Mr. Lobo.

Source: Stryker Corporation