Stryker Corporation announced that Glenn S. Boehnlein, the company's Vice President and Chief Financial Officer, will retire effective April 1, 2025. He will remain with the company as an Advisor to the CEO until March 31, 2026, receiving an annual base salary of $800,000 and eligibility for incentive bonuses.

Preston W. Wells, currently Vice President, Group Chief Financial Officer for Orthopaedics, has been appointed as the new Chief Financial Officer, effective April 1, 2025. Wells, who has been with Stryker since 2015, previously held leadership roles in investor relations, financial planning, and analysis. His new compensation package includes an annual base salary of $725,000, an 85% target bonus, and a long-term incentive award valued at $3 million.