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Stryker announces the retirement of Glenn S. Boehnlein and the promotion of Preston Wells to Vice President, Chief Financial Officer Portage, Michigan

Key Takeaway: Stryker Corporation has announced the retirement of Glenn S. Boehnlein and the promotion of Preston Wells as the new Vice President and Chief Financial Officer. CEO Kevin A. Lobo praised Boehnlein for his leadership in Finance and IT, while expressing confidence in Wells's ability to drive the company's continued success. Wells brings extensive experience in finance and has held various leadership roles within Stryker, contributing to its strategic initiatives.

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POSITIVE FACTORS

  • Promotion of Preston Wells indicates strong internal talent development.
  • Leadership change is viewed positively by the CEO, Kevin A. Lobo.
  • Wells' extensive experience in finance provides stability for Stryker.

Full Press Release Details

Stryker announces the retirement of Glenn S. Boehnlein and the promotion of Preston Wells to Vice President, Chief Financial Officer
I want to thank Glenn for his performance drive, strong business partnership, and excellent leadership of the Finance and IT organizations. Glenn is a growth champion who invested in developing talent, including Preston Wells, who has been promoted to Chief Financial Officer, stated Kevin A. Lobo, Chair and Chief Executive Officer, Stryker. I am confident in Preston s ability to help Stryker continue to deliver strong results.
Wells has held various finance roles at Stryker. In his current role, he collaborates with the Joint Replacement, Trauma & Extremities, Spine, and Digital, Robotics, and Enabling Technologies teams to deliver market leading growth, while providing financial and strategic leadership across the Orthopaedics Group. Previously, Wells led Investor Relations, Enterprise Financial Planning & Analysis, and the sales finance and sales operations teams that supported Stryker s Spine business.
Before Stryker, Wells had 17 years of senior accounting and financial management experience, holding finance leadership roles at Dialight Corporation and Johnson & Johnson. He graduated from Bucknell University with a bachelor s in accounting and earned an MBA in Supply Chain Management from Lehigh University.
Stryker is a global leader in medical technologies and, together with our customers, we are driven to make healthcare better. We offer innovative products and services in MedSurg, Neurotechnology and Orthopaedics that help improve patient and healthcare outcomes. Alongside our customers around the world, we impact more than 150 million patients annually. More information is available at www.stryker.com .
For investor inquiries please contact:
Jason Beach, Vice President, Finance and Investor Relations at 269-385-2600 or jason.beach@stryker.com
For media inquiries please contact:
Yin Becker, Vice President, Chief Corporate Affairs Officer at 269-385-2600 or yin.becker@stryker.com

Frequently Asked Questions

Who has been promoted to CFO at Stryker?

Preston Wells has been promoted to Chief Financial Officer at Stryker.

What role did Glenn S. Boehnlein serve at Stryker?

Glenn S. Boehnlein was the Chief Financial Officer before his retirement.

What did Kevin A. Lobo say about Glenn's leadership?

Kevin A. Lobo praised Glenn for his performance, partnership, and leadership.

What is Preston Wells's background in finance?

Preston Wells has extensive finance experience, including various roles at Stryker.

Where did Preston Wells earn his degrees?

Wells graduated from Bucknell University and earned an MBA from Lehigh University.

Last updated: Jan 28, 2025