Zimmer Biomet is the product of the 2015 merger of medical giants, Zimmer and Biomet. The Indiana-based company is one of the world’s largest medical device companies, and it continues to grow annually in sales and development. The company acquired a new CEO in 2017, Bryan C. Hanson, and he has maintained that position since. He also serves as President and Director for the corporation. Through Hanson’s direction, Zimmer Biomet has expanded its orthopedic division to be the global leaders in the billion-dollar industry. Hanson’s got his hands full with Zimmer Biomet, and here are 10 more things about the CEO that you probably didn’t know.
Hanson attended and graduated from Florida State University with a degree in Finance and is recognized as one of the most successful alumni from the university. After getting his degree, he completed the Kellogg School of Management Finance for Executives at Northwestern University in 2010. In addition, Hanson also completed the Harvard Executive Education in Leadership program in 2013. These programs offer academic graduate-level business courses that are designed for leaders, executives, and managers. He might not have gotten an MBA, but his background and experience in the medical field is extensive enough to qualify his appointment as CEO.
Before Hanson became the CEO of Zimmer Biomet, he served as Executive Vice President at Medtronic. Hanson also carried the role of Group President of Medtronic’s Minimally Invasive Therapies Group from 2015 until 2017. He basically directed what was a $9 billion dollar business at the time. Medtronic is one of the world’s leading medical technology companies. The company offers solutions and services for various medical facilities including hospitals, clinics, medical offices, and more.
In addition to his medical experience, Hanson also served as President of Medtronic’s Covidien group from 2013 to 2014. Medtronic purchased Covidien in 2015, but Hanson worked with Covidien for a while before the company transitioned into Medtronic. Before Hanson served as President of the entire Covidien division, he was Group President of Covidien’s Surgical Solutions from 2011 to 2013. Before that, he served as President of the company’s Energy-based Devices Business. At one point, he was also President of Covidien’s Patient Care Division, Vice President of International Marketing, and Vice President of Vascular Therapies Division. His roles at Covidien were so extensive and impressive; Hanson transitioned into Medtronic with a lot of ease.
4. Fresh Air Fund
The family unit is important for Hanson, and he shows this more than just through his devotion to his own children. His entire family is involved in an organization called the Fresh Air Fund. The organization was established to help children have unique and memorable summer experiences when they wouldn’t have been able to otherwise. Hanson and his family has dedicated roughly ten years of his life to the organization’s Volunteer Host Family Program, where they host a children from low-income families for an entire summer.
In addition to his involvement with the Fresh Air Fund, Hanson also serves on the board of Americares. Americares is a disaster relief organization. They provide immediate medical response for people in crisis. They’re also a global health organization that helps provide medical supplies and humanitarian aid to various countries that have experienced natural disasters or other emergencies. Americares has also helped alleviate health problems in impoverished areas.
Among the many benefits of having a good salary is the ability to give back, and Hanson and his family gives a fair share of their resources and time to help others. But on the subject of his salary, he gets just a little over a million dollars from Medtronics annually. However, Hanson does get stock options along with his salary, and he does get almost $4 million every year in stock awards. In addition, he also gets over $2.5 million in cash compensation. According to this article from Bloomberg, Hanson’s annual compensation adds up to roughly $9.7 million every year.
7. Net worth
Given the amount of money Hanson makes every year, you can expect him to have a hefty net worth. In fact, his net worth is at $20.5 million as of March of this year. He has owned and sold Zimmer Biomet stock over the last four years, which has added up to over $6 million. The largest trade he’s ever made was on February 2018. He bought an incredible number of 25,077 units of Zimmer Biomet stock. That amounted to a little over $3 million. He currently owns at least 40,087 units of his company’s stock.
Bryan Hanson is currently only 52 years old. When he was appointed as CEO of the giant company Medtronic, he was only about 50 years old. He has had over 20 years of experience in the medical technology industry, which means that he started advancing his career when he was already in his 30s. Bryan Hanson is considered to be one of the industry’s top veterans, and his knowledge in the field is priceless. His skill in management has also always been regarded positively.
Before everything happened in Hanson’s career, he actually started off in medical sales. In this interview, Hanson recalls carrying a bag around Birmingham, Alabama to sell medical devices for a company called Kendall. He worked with the company for over 20 years—a dedication that we see consistently with the companies that he works for.
Hanson has always been proud of his family. He has been married to his wife Amanda for about 22 years now, and they have three children together. Hanson says that his family has always been supportive of him, despite the fact that he’s had to move his wife and children seven times within all those years of being together. He believes that the support at home is what’s driving him to move forward in life and at work.
Written by Allen Lee
Read more posts by Allen Lee