Stryker names new chief financial officer

Stryker has announced the appointment of WIlliam Jellison as its new chief financial officer (CFO) and vice-president, handling the company's finance and IT activities.

Mr Jellison joins the medical technology firm from Dentsply, the world's largest manufacturer of professional dental products, where he spent 15 years in positions of escalating responsibility, including that of CFO.

He will leverage his extensive industry experience in helping Stryker to manage its corporate accounting, reporting, tax, treasury and internal audit functions.

Dean Bergy, the company's interim and corporate secretary, will help support Mr Jellison in his new role during a transitional period through the second quarter of 2013, following the new CFO's introduction on April 22nd.

Kevin Lobo, president and chief executive officer at Stryker, said: "Bill's accomplished career in managing the financial activities of growing multinational organisations will complement our leadership team in achieving our strategic goals."

This comes after the firm announced an accelerated share repurchase programme worth $250 million (163.28 million pounds) last month.