Smith & Nephew CEO Bohuon to retire | Personnel Moves – Oct. 10, 2017

Smith & Nephew (NYSE:SNN) said today that its current CEO Olivier Bohuon has announced his intention to retire by the end of 2018 and that the company has begun a search for a new chief exec. Bohuon joined the company in 2011, and has overseen a significant rise in share value with the company since taking the corner office. “Since I joined the company in 2011, we have transformed Smith & Nephew into a more focused, efficient and innovative business and I am proud of the value we have created for all of our stakeholders. Looking ahead to the next long-term phase of growth, I have decided to announce my retirement plans now, providing ample time to identify a successor and ensure a smooth transition. I am committed to leading the company in the meantime, as we remain resolutely focused on delivering a solid performance in 2017, while positioning the company for further success in the future,” CEO Bohuon said in a prepared statement. “On behalf of the board, I want to thank Olivier for his professional and personal commitment and dedication to Smith & Nephew during his tenure as our CEO. Under Olivier’s leadership Smith & Nephew has undergone important and necessary change and is now a stronger company. As Smith & Nephew enters its next chapter, the Board is determined to build on this to deliver accelerating growth, improved efficiency and further value for shareholders,” board chair Roberto Quarta said in a press release. T...
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News Invacare Mainstay Medical Nuvasive prometrika royalphilips Smith & Nephew transmed7 Source Type: news