Lonnie M. Smith is the Former CEO and current Chairman of Intuitive Surgical, a company that has changed the way surgery is performed through robotic systems. He has a long history with the company, starting his journey in 1996 before...
Lonnie M. Smith is the Former CEO and current Chairman of Intuitive Surgical, a company that has changed the way surgery is performed through robotic systems. He has a long history with the company, starting his journey in 1996 before becoming CEO in 2000, a position he held until 2010. His leadership helped the company grow significantly, which can be seen in the development and widespread use of the da Vinci Surgical System. This system has been installed in over 8,600 hospitals around the world, showcasing the company's impact in the medical field. Smith's compensation over the years followed the company's success. In 2008, he received about $4.4 million, mostly from a huge bonus linked to the company's excellent performance. After transitioning to the Chairman role, his salary was cut down to $200,000 as part of a plan to focus on long-term strategies rather than short-term gains. Lonnie also has a strong personal investment in the company, owning around 300,000 shares, which shows his belief in Intuitive Surgical’s future. In retirement, he stays active with the Intuitive Foundation, focusing on technology and education, emphasizing his commitment beyond just corporate gains. His career reflects a blend of innovation, leadership, and a deep understanding of the medical technology space.