Stryker (NYSE:SYK) said yesterday that it’s eliminating the role of international president held by Ramesh Subrahmanian as it reorganizes its overseas business.
After Subrahmanian’s departure, effective Dec. 31, he’s slated to stay on until March 31, 2016, as an advisor, Stryker said in a regulatory filing.
International sales were down across the board during Stryker’s 2nd quarter, slumping -9.8% to $716 million for the 3 months ended June 30. Due to the strong dollar, however, constant-currency growth was 4.1%, with orthopedic implant constant-currency sales up 3.0% to $ 1.04 billion, compared with Q2 2014.
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