People In Brief
This article was originally published in The Gray Sheet
Executive Summary
St. Jude Medical brings John Brown on board: Stryker's former CEO John Brown joins St. Jude's board of directors. Brown, who remains on Stryker's board, served as CEO of the orthopedic firm for 28 years before retiring earlier this year. During Brown's reign, Stryker grew from a family-owned company with $22.7 mil. in annual sales in 1978 to a Fortune 500 company with $4.3 bil. in annual sales in 2004. St. Jude's expanded defibrillator product line propelled ICD sales 92% during the quarter to $244 mil. (1"The Gray Sheet" July 25, 2005, p. 18)...