Retiring Stryker chairman John W. Brown said the company is not likely to achieve the 20 percent annual earnings growth it used to see, at least not in the near future, according to a report by West Michigan Business.
Mr. Brown, age 75, said a 20 percent level is “inappropriate” today and would be difficult considering the economic climate.
In 2008, earnings increased by 12.8 percent and Stryker is forecasting a 2-6 percent growth for 2009.
Mr. Brown was Stryker’s CEO from 1977 through 2004 and recently announced he would exit the chairmanship at year’s end.
Read West Michigan Business’ report on retiring Stryker chairman John Brown.
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