Stryker (NYSE:SYK) this week announced that its president and COO Timothy Scannell will retire.
Scannell will transition from his role as president and COO starting October 1, 2021, and become an advisor to CEO Kevin Lobo. Lobo will become president of the Kalamazoo, Mich.-based company on the same date.
Scannell’s official retirement date from the company will be March 31, 2023.
Group presidents J. Andrew Pierce and Spencer Stiles will take on Scannell’s responsibilities, effective October 1, 2021. Pierce, medsurg and neurotechnology group president, and Stiles, orthopedics and spine group president, have served as group presidents since August 2018.
Scannell was appointed president and COO in July 2018. He has been with the company since 1990 and has held numerous leadership roles in sales and marketing since then. He had risen through the company to the role of group president for the medsurg and neurotechnology divisions before becoming company president and COO.