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Lobo named chairman of Stryker's board of directors

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Stryker announced that Kevin A. Lobo has been appointed chairman of the company’s board of directors. The appointment, which is effective immediately, is in addition to his responsibilities as president and chief executive officer of the company.

Lobo joined Stryker in April 2011 and served as group president of Stryker Orthopaedics prior to his appointment to his current roles in October 2012.

William U. Parfet, Stryker's non-executive chairman, assumes the role of 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 stated in a company press release. “We believe the company is well positioned to build on our history while continuing to adapt to the changing needs of the health care market place.”