$SYK (STRYKER) — 8-K: Stryker CEO Kevin Lobo to transition to Executive Chair; Spencer Stiles named CEO effective January 1, 2027

Stryker announced that Kevin Lobo will transition to Executive Chair of the Board and Spencer Stiles, currently President and Chief Operating Officer, will become CEO and join the Board effective January 1, 2027. Lobo has served as CEO since October 2012 and Chair since July 2014; during his 14-year tenure as CEO, annual net sales tripled from $8.7 billion in 2012 to more than $26 billion in 2026, with more than 60 acquisitions completed including Mako. Stiles joined Stryker's Endoscopy business in 1999 and became President and COO in January 2026, previously serving as Group President, Orthopaedics.

Stryker announced that Kevin Lobo will transition to Executive Chair of the Board and Spencer Stiles, currently President and Chief Operating Officer, will become CEO and join the Board effective Janu