Australia's Polynovo jumps as co names Johnson & Johnson's senior leader as CEO
29/07/2022 06:59
** Shares of medical device maker Polynovo Ltd PNV.AX jump
nearly 8% to A$1.63, on course for their best day since July 22,
if gains hold
** Co says it appointed Johnson & Johnson's JNJ.N senior
leader Swami Raote as its next CEO urn:newsml:reuters.com:*:nASM000LBE
** Appointment comes eight months after co started looking
for a replacement for former CEO Paul Brennan
** Brennan had resigned in November, citing "increasing
differences with the board" about his management style
** Johnson & Johnson's retired veteran Swami Raote will take
over from interim chief Max Johnston
** Stock down nearly a percent YTD, as of last close
(Reporting by Riya Sharma in Bengaluru)
((Riya.Sharma@thomsonreuters.com;))