Kevin A. Lobo has been the CEO of Stryker Corporation since October 2012, bringing with him over 25 years of experience in the medical technology field. Before joining Stryker, he held significant roles at Johnson & Johnson, including running a...

Number of Employees

52K

Year

2023

Total Compensation

$5.70M

Salary

$1.39M

Board Justification

The compensation philosophy emphasizes alignment with shareholder interests and performance-based pay, with a significant portion of total compensation tied to performance metrics.

Bonus

$3.78M

Board Justification

The bonus payout for Mr. Lobo for 2023 was 180% of target, reflecting performance that exceeded target goals for all measures in the bonus plans.

Other

$532.65K

Board Justification

This includes 401(k) matching contributions, discretionary contributions, and perquisites such as costs associated with an executive physical examination and personal use of aircraft.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock was reported as vested in 2023; only stock grants were mentioned.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 included adjusted operating income, adjusted operating income margin, constant currency sales, and free cash flow excluding recall payments.

SEC Filing

From March 26, 2024

Kevin A. Lobo

CEO of Stryker

S

Education

N/A

Field of Expertise

Business & Management

Born

August 1, 1965 - 59 years ago

Is Founder?

No

Current Tenure

12 years 3 months (Oct 2012 - Present)

Previous Experience

President of Johnson & Johnson's Ethicon Endo-Surgery subsidiary, held finance positions at KPMG, Unilever Canada, and Kraft Canada.