Stryker Names Spencer Stiles as CEO; Kevin Lobo to Become Executive Chair

Key Facts

1Kevin Lobo will transition from CEO of Stryker to Executive Chair of the Board effective January 1, 2027.

2Spencer Stiles, current President and COO, has been appointed to succeed Lobo as CEO and join the Board of Directors.

Kevin Lobo will transition from CEO of Stryker to Executive Chair of the Board effective January 1, 2027. GlobeNewswire reported that the company has appointed Spencer Stiles, the current President and COO, to succeed Lobo as CEO and join the Board of Directors as part of a planned succession process to ensure leadership continuity.

SYK closed at $285.22 on October 5, 2026, with the stock reaching a session high of $286.09 and a low of $275.00. These organizational changes follow a period where the company's annual net sales grew from $8.7 billion in 2012 to more than $26 billion in 2026 during Lobo's tenure.