UPDATE 2-Stryker says CFO resigning, MedSurg chief retires

(Adds detail on organizational changes, analyst comment, share price)

CHICAGO, Nov 10 (Reuters) - Stryker Corp (SYK.N: Quote, Profile, Research) said on Monday Chief Financial Officer Dean Bergy would resign to pursue a long-term interest in charitable organizations and the head of its medical and surgical products business would retire.

The Kalamazoo, Michigan-based orthopedic device maker, which announced a series of management appointments, said Bergy would remain Stryker's CFO through the first quarter of 2009 and then serve as an adviser to the new CFO, Curt Hartman, during a transition period.

Hartman, global president of the instruments division and an 18-year veteran of the company, will be promoted to the new post of vice president of finance on Dec. 1 before also assuming the CFO role.

Si Johnson, group president of the company's MedSurg business, will retire after 29 years with Stryker and will serve in an advisory role to Chief Executive Stephen MacMillan through 2009.

The company promoted Lonny Carpenter to the role of group president of the instruments and medical divisions, which together generated about 20 percent of Stryker's 2007 revenue.

Stryker also named Tim Scannell to the post of group president for spine and endoscopy and Andrew Fox-Smith to group president for international. Tony McKinney was promoted to vice president and chief accounting officer.

William Blair & Co analyst Ben Andrew said Stryker has a deep talent pool, and he expected a seamless transition.

"These changes have been planned for at least a year internally, we believe, and should not in any way be taken as indicative of a problem at the company," Andrew said in a note to clients.

Shares of Stryker were down six cents to $50.84 in early afternoon trading, amid broadly lower stock prices on the New York Stock Exchange. (Reporting by Susan Kelly; Editing by Steve Orlofsky and Tim Dobbyn)