Leadership & Pay ·
Stryker names Spencer Stiles CEO effective Jan 1; Kevin Lobo becomes Executive Chair
SYKStryker Corp
Stryker announced that Spencer Stiles will succeed Kevin Lobo as Chief Executive Officer, effective January 1, 2027. Stiles, currently President and COO, will also join the Board of Directors, prompting an increase in board size from 10 to 11 members. Lobo will transition to Executive Chair of the Board on the same date, retaining his base salary and bonus target but forfeiting eligibility for new stock awards. The company outlined Stiles's compensation package, including a $1.32 million annual base salary, a 150% bonus target, and a recommended $14.2 million long-term incentive award comprising stock options and performance stock units to be granted in February 2027. Stryker is a global leader in medical technologies offering products and services in MedSurg, Neurotechnology, and Orthopaedics.