An executive’s pending retirement has prompted organizational changes for an area maker of medical devices and equipment.
Kalamazoo-based Stryker Corp. announced that David Floyd, group president of orthopedics, plans to retire on June 30, 2019.
Until then, he will continue in his role, along with advising the CEO and assisting the new leaders with the transition.
“We are grateful for David’s leadership and his many contributions to Stryker’s success,” said Kevin Lobo, chair and CEO.
“His businesses consistently outgrew the market, and David spearheaded several key acquisitions, including Mako. I wish David and his family all the very best in retirement.”
Floyd joined Stryker in 2012 after 25 years in the medical technology industry.
New president and COO
Effective Aug. 1, Timothy Scannell will become president and COO overseeing all regions and business divisions — which include orthopedics; medical surgical, or medsurg; and instruments, neurotechnology and spine.
In his new role, Scannell will be tasked with driving “growth and operating leverage” across the divisions while promoting “globalization and collaboration” across commercial units.
“Over his 28 years at Stryker, Tim has built an excellent track record of high performance and people development,” Lobo said. “I look forward to working closely with him and the rest of the Stryker leadership team to take Stryker to new heights.”
Scannell began his career with Stryker’s endoscopy business in 1990, serving in sales and marketing leadership roles. He then took on roles of increasing responsibility spanning many of the company’s businesses.
He has served as a group president for nearly a decade, most recently overseeing medsurg and neurotechnology.
New group presidents
Within the new commercial leadership structure, Stryker will have two new group presidents.
J. Andrew Pierce has been appointed group president of medsurg, and Spencer Stiles has been appointed group president of instruments, neurotechnology and spine.
Stryker said Pierce and Stiles have delivered “strong performance over time” in their Stryker careers and will now be accountable for leading multiple businesses.
Stryker offers a diverse array of medical products and services that “help improve patient and hospital outcomes.”
Its products are used in more than 100 countries around the world.
The company reported 2017 revenue of about $12.4 billion.