Stryker names board chair
The new chairman of the board at Stryker Corp. is a familiar face.
The Kalamazoo-based maker of medical equipment and devices said this week that its president and chief executive officer, Kevin Lobo, has been appointed chairman, effective July 22.
Lobo joined Stryker in 2011 as group president of Stryker Orthopaedics and was named president and CEO in 2012.
Stryker said that William U. Parfet, outgoing non-executive chairman of the board, will again serve as lead independent director.
"On behalf of the entire board, we are excited about the outlook for Stryker and the leadership demonstrated by Kevin with our employees, customers and shareholders, which is the driving force behind today's announcement," Parfet said. "We believe the company is well positioned to build on our history, while continuing to adapt to the changing needs of the health care marketplace.”