Stryker Poaches a CFO From Dentsply

For six long months, orthopedics specialist Stryker (NYSE: SYK  ) has been without a permanent chief financial officer. No longer.

On Monday, the company announced that it has hired away Dentsply (NASDAQ: XRAY  ) CFO William Jellison to become its new CFO. On April 22, therefore, current Stryker interim CFO Dean Bergy will give up his chair, and Jellison will take over responsibility for Stryker's finance, corporate accounting, reporting, tax, treasury and internal audit functions. Bergy will help with the transition, and also retain his titles of company VP and corporate secretary.

Stryker has not yet disclosed Jellison's compensation package.

Meanwhile, over at Dentsply, the company moved quickly to replace its exiting executive. Dentsply Chief Operating Officer Chris Clark will take over as CFO. In turn, company executive vice president Jim Mosch will be promoted to the COO post.

Dentsply shareholders have little cause to rue their loss. The company's shares rose 1% in Monday trading after news of Jellison's departure, closing at $41.13. Stryker shares, too, fared well, gaining 0.6% to close at $65.38.


 
 
 

Read/Post Comments (0) | Recommend This Article (3)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2352312, ~/Articles/ArticleHandler.aspx, 8/21/2014 1:38:54 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement