Stryker announces retirement of vice president, chief financial officer

Stryker Corporation recently announced the retirement of William R. Jellison from his role as vice president, chief financial officer, according to a company press release.

Having recently joined the board of PolyOne Corporation, Jellison plans to pursue his interests of becoming more involved with board roles and devoting more time to his family. He will remain as chief financial officer (CFO) through the first quarter of 2016 until Glenn S. Boehnlein assumes the role effective April 1, 2016. Currently the group CFO for MedSurg & Neurotechnology, Boehnlein joined Stryker in 2003 as vice president of finance and information technology for the endoscopy division of Stryker.

“I want to thank Bill for his leadership since joining Stryker as he helped advance a series of key priorities, including implementing a layered hedging program, executing on a number of acquisitions and facilitating the establishment of our European regional headquarters,” Kevin A. Lobo, chairman and chief executive officer of Stryker, said in the release. “These accomplishments have meaningfully contributed to our success and were achieved while enabling our internal talent pool to develop, including Glenn who has been promoted to CFO. I am confident in Glenn’s ability to lead our finance organization and partner with the broader organization to help Stryker continue to deliver sales growth at the high end of med tech while consistently achieving leveraged earnings gains.”

Reference:

http://phx.corporate-ir.net/phoenix.zhtml?c=118965&p=irol-newsArticle&ID=2132427