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Stryker announces intention to nominate a new director, Rachel Ruggeri

Key Takeaway: Stryker Corporation announced its intention to nominate Rachel Ruggeri for election to its Board of Directors during the 2024 Annual Meeting of Shareholders, set for May 9, 2024. Ruggeri, who has over 25 years of experience in global finance, currently serves as the Chief Financial Officer at Starbucks. Her extensive expertise in financial strategies and retail operations is anticipated to contribute positively to Stryker's leadership. The company's CEO expressed enthusiasm about the potential addition of Ruggeri to the Board, highlighting her valuable insights from a prominent global consumer company.
Price reaction · baseline $287.87 (2023-12-06 close) · hit after-hours · clean, no other SYK news in the window
day 0 close · peak
+0.5%

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POSITIVE FACTORS

  • Rachel Ruggeri brings over 25 years of leadership experience.
  • Her background in global finance will enhance Stryker's board.
  • The CEO expresses strong support for her nomination.

Full Press Release Details

Kalamazoo, Michigan, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Stryker (NYSE:SYK) announced today that its Board of Directors intends to nominate Rachel Ruggeri for election to the Company’s Board of Directors at Stryker’s 2024 Annual Meeting of Shareholders, which is expected to be held on May 9, 2024.
Ms. Rachel Ruggeri has over 25 years of global finance leadership experience and serves as the executive vice president and chief financial officer at Starbucks, where she is responsible for the global finance function for the Company, including developing and executing financial strategies. Prior to becoming Starbucks’ chief financial officer, Ms. Ruggeri served as the senior vice president of Global Retail, with responsibility for the retail portfolio including company-operated and licensed/franchised stores across the globe. Ms. Ruggeri also held a variety of finance leadership positions within Starbucks’ North America and US businesses and led its Corporate Finance and Planning function.
Ms. Ruggeri began her career in 1992 as a college instructor and then held finance roles of increasing responsibilities for companies in a variety of sectors prior to joining Starbucks in 2001. She holds a BA from the University of Puget Sound and an MBA from Washington State University.
“We are very pleased about the potential to add Rachel to our Board,” said Kevin Lobo, Chair and Chief Executive Officer. “Rachel will bring strong leadership experience and valuable insights from a highly respected global consumer company.”
Stryker is one of the world’s leading medical technology companies and, together with its customers, is driven to make healthcare better. The company offers innovative products and services in Medical and Surgical, Neurotechnology, Orthopaedics and Spine that help improve patient and healthcare outcomes. Alongside its customers around the world, Stryker impacts more than 130 million patients annually. More information is available at www.stryker.com.
For investor inquiries please contact:
Jason Beach, Vice President, Investor Relations at 269-385-2600 or jason.beach@stryker.com
For media inquiries please contact:

Frequently Asked Questions

Who is nominated for Stryker's Board of Directors?

Rachel Ruggeri is nominated for election to Stryker’s Board at the 2024 meeting.

What is Rachel Ruggeri's current role?

She serves as executive vice president and CFO at Starbucks, overseeing global finance.

When is Stryker's 2024 Annual Meeting of Shareholders?

The meeting is expected to be held on May 9, 2024.

What is Stryker known for?

Stryker is a leading medical technology company improving healthcare outcomes.

How long has Rachel Ruggeri been in finance leadership?

She has over 25 years of global finance leadership experience.

Last updated: Dec 7, 2023