Stryker announces leadership succession
Key Highlights
- ➤Spencer Stiles appointed CEO effective January 1, 2027
- ➤Kevin Lobo transitions to Executive Chair effective January 1, 2027
- ➤Stryker annual net sales exceeded $26 billion in 2026, up from $8.7 billion in 2012
- ➤Stryker completed more than 60 acquisitions during Lobo’s tenure as CEO
Expert Statements
Kevin Lobo, Executive Chair-designate of Stryker’s Board of Directors
“Serving as CEO of Stryker has been an incredible honor, and I am proud of all that our teams have accomplished together on behalf of our customers and the patients they serve.”
Kevin Lobo, Executive Chair-designate of Stryker’s Board of Directors
“The Board and I have worked closely on a succession plan, and with our strong foundation in place, now is the right time for this leadership transition.”
Kevin Lobo, Executive Chair-designate of Stryker’s Board of Directors
“Having worked alongside Spencer for many years, I have seen firsthand the qualities that define his leadership: his ability to set a clear direction, inspire people and translate strategy into strong execution.”
Kevin Lobo, Executive Chair-designate of Stryker’s Board of Directors
“He understands what makes Stryker unique and has the judgment, experience and commitment to our mission and values to build on our momentum and lead the company forward.”
Kevin Lobo, Executive Chair-designate of Stryker’s Board of Directors
“I look forward to working with Spencer to ensure a smooth transition and to continuing to support Stryker as Executive Chair of the Board.”
Spencer Stiles, President, Chief Operating Officer and CEO-designate of Stryker
“I am honored to be named Stryker’s next CEO and grateful to the Board and Kevin for their trust in me.”
Spencer Stiles, President, Chief Operating Officer and CEO-designate of Stryker
“I have a deep appreciation for our people, our culture and the customer relationships that drive our innovation and growth.”
Spencer Stiles, President, Chief Operating Officer and CEO-designate of Stryker
“Kevin has built an extraordinary legacy and a strong foundation for the future, which I am excited to build upon as we continue executing our strategy, driving growth and advancing our mission to make healthcare better.”
Sheri McCoy, Lead Independent Director of Stryker’s Board of Directors
“This announcement is the culmination of a comprehensive, long-term succession planning process.”
Sheri McCoy, Lead Independent Director of Stryker’s Board of Directors
“Spencer is a proven leader with strategic perspective and the ability to unite teams around shared priorities.”
Sheri McCoy, Lead Independent Director of Stryker’s Board of Directors
“The Board is confident that he is the right leader to build upon Stryker’s momentum and guide the company’s next chapter.”
Sheri McCoy, Lead Independent Director of Stryker’s Board of Directors
“On behalf of the Board, I also want to recognize Kevin for his exceptional leadership and service over his tenure as CEO.”
Sheri McCoy, Lead Independent Director of Stryker’s Board of Directors
“Kevin has positioned Stryker to enter this transition from a place of strength.”
Sheri McCoy, Lead Independent Director of Stryker’s Board of Directors
“With a mission-driven culture, clear strategic direction and a strong leadership team, Stryker is poised to capture the significant opportunities ahead.”
Sheri McCoy, Lead Independent Director of Stryker’s Board of Directors
“We are fortunate that we will continue to benefit from his experience and perspectives as Executive Chair.”
Portage, Michigan, Oct. 06, 2026 (GLOBE NEWSWIRE) -- * Kevin Lobo to transition to Executive Chair of the Board of Directors * Current President and COO Spencer Stiles appointed Chief Executive Officer * Leadership transition effective January 1, 2027
Stryker (NYSE:SYK), a global leader in medical technologies, today announced that as part of a planned succession process, Kevin Lobo will transition to the role of Executive Chair of the Board of Directors, effective January 1, 2027. Spencer Stiles, currently President and Chief Operating Officer of Stryker, will succeed Lobo as Chief Executive Officer and will also be appointed as a member of the company’s Board at that time.
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