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Will Stryker name permanent CEO this week?

Tue, 09/04/2012 - 4:45pm
Mass Device

With Curt Hartman entering his 7th month as interim CEO, some analysts are hoping medical device company Stryker will use its upcoming analyst meeting this week to name a permanent top man.

Stryker Corp.

Is this the week that Stryker (NYSE:SYK) sheds the interim tag from Curt Hartman's CEO title?

The Kalamazoo, Mich.-based medical device company will host its annual analyst day this week, where officials are expected to reaffirm the company's 2012 outlook, as well as offer Wall Street a peek at trends in the orthopedic world. However, some analysts think it's also the appropriate venue to announce a permanent chief executive.

"The analyst day seems to us like a good time to announce a permanent CEO," Leerink Swann analyst Richard Newitter wrote in a note to investors. "Curt Hartman (sitting CFO) has been acting as interim CEO while the board of directors conducts a search for a permanent successor. Both internal and external candidates are under consideration, including Mr. Hartman, and we think there is a strong possibility the board could ultimately appoint Curt Hartman to permanently fill SYK's top management seat."

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