Salary.com compiles information for executive pay based on the SEC reports. Here is the compensation of top executives from orthopedic and spine devices companies in 2019 and 2020. The asterisk denotes 2019 data, the most recent data available.
1. Alex Gorsky, chair and CEO of Johnson & Johnson: $23.1 million
2. Kevin Lobo, chair and CEO of Stryker: $15 million*
3. Bryan Hanson, CEO of Zimmer Biomet: $11.2 million*
4. Robert Palmisano, president, CEO and executive director of Wright Medical Group: $7.3 million*
5. Geoffrey Martha, CEO of Medtronic: $6.3 million
6. J. Christopher Barry, CEO of NuVasive: $5.4 million
Mr. Hanson gave up 100 percent of his salary in April 2020 to curb the financial effect of COVID-19 on the company, as revenue dropped. Mr. Lobo also took a 50 percent pay cut in April 2020 amid the pandemic.
More articles on spine devices:
Spine device company rebrands, moves office
4 recent FDA clearances in spine: Robots, an artificial disc & more
Orthofix board chair to step down after 7 years
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
