By Stephen Simpson:Management matters in every industry, and there's no question that Stryker (SYK) has benefited from a long run of quality CEOs. In a fairly shocking announcement Wednesday night, Stryker announced that CEO Stephen MacMillan was resigning (effective immediately) for unspecified family reasons. Not only had MacMillan been a very good CEO for Stryker, but the company now finds itself looking for a new top kick at a time when it is still trying to work itself out of a slump in orthopedics and execute on some reasonably ambitious quality improvement and cost-cutting targets for 2012.
No Smoke, No Fire
There weren't any rumors of dissatisfaction or conflict in MacMillan's performance or strategic direction for Stryker. Talking after the announcement, Stryker representatives indicated that this issue had developed a few months ago and there was no rancor between the parties with respect to MacMilan's departure. To that end, then, this may
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