Summary
Stryker Corporation's 8-K filing from September 7, 2016, announced changes to its Board of Directors' leadership and committee assignments. The most significant development is the designation of Allan C. Golston as the Lead Independent Director. Mr. Golston, a director since 2011 and Chair of the Audit Committee, brings extensive experience, including his role as President of the United States Program for the Bill & Melinda Gates Foundation. This appointment signals a strengthening of independent oversight and governance within the company.
Key Highlights
- 1Allan C. Golston appointed Lead Independent Director, effective September 7, 2016.
- 2Mr. Golston has been a Stryker Board member since 2011 and currently serves as Chair of the Audit Committee.
- 3Roch Doliveux appointed Chair of the Compensation Committee.
- 4Mr. Doliveux has been a Board member since 2010 and a member of the Compensation Committee since 2011.
- 5Srikant M. Datar appointed to the Compensation Committee and the Governance and Nominating Committee.
- 6Mr. Datar is no longer serving on the Audit Committee.
- 7The Audit Committee continues to comprise three independent outside directors.