Stryker announces retirement of President and COO Timothy Scannell, leadership changes

STRYKER CORP

President and COO Timothy J. Scannell to retire on March 31, 2023; will serve as Advisor to CEO from Oct 1, 2021.
J. Andrew Pierce, Group President MedSurg & Neuro, and Spencer S. Stiles, Group President Ortho & Spine, to assume Scannell's responsibilities.
Kevin A. Lobo, Chair & CEO, will additionally become President of Stryker effective Oct 1, 2021.
Scannell entered a letter agreement with base salary of $825,000 and bonus eligibility through retirement.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Timothy J. Scannell

President and Chief Operating Officer

SYK · STRYKER CORP

Effective: 2023-03-31
Filed: August 18, 2021, 7:59 PM ET

Timothy J. Scannell, President and Chief Operating Officer of the Company, has notified the Company of his intent to retire on March 31, 2023.

Role change

Kevin A. Lobo

President

SYK · STRYKER CORP

Effective: 2021-10-01
Filed: August 18, 2021, 7:59 PM ET

Effective October 1, 2021, Kevin A. Lobo, the Chair and Chief Executive Officer of the Company, will also become President of the Company.

Role change

Timothy J. Scannell

Advisor to the Chief Executive Officer

SYK · STRYKER CORP

Effective: 2021-10-01
Filed: August 18, 2021, 7:59 PM ET

Effective October 1, 2021, Mr. Scannell will transition from his current role of President and Chief Operating Officer to the position of Advisor to the Chief Executive Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Timothy J. Scannell departed as President and Chief Operating Officer at STRYKER CORP.

Action: retire
Role: President and Chief Operating Officer

Exact text from the filing

Timothy J. Scannell, President and Chief Operating Officer of the Company, has notified the Company of his intent to retire on March 31, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Kevin A. Lobo was appointed as President at STRYKER CORP.

Action: appointed
Role: President

Exact text from the filing

Effective October 1, 2021, Kevin A. Lobo, the Chair and Chief Executive Officer of the Company, will also become President of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Timothy J. Scannell changed role as Advisor to the Chief Executive Officer at STRYKER CORP.

Action: transitioned
Role: Advisor to the Chief Executive Officer

Exact text from the filing

Effective October 1, 2021, Mr. Scannell will transition from his current role of President and Chief Operating Officer to the position of Advisor to the Chief Executive Officer of the Company.

View on SEC.gov

STRYKER CORP filing history →

Source: SEC EDGAR

accession 0000310764-21-000123

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.