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.
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."