REG - Smith & Nephew Plc - Directorate Change

Smith & NephewAnnouncement

03/08/2023 07:15

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RNS Number : 1366I  Smith & Nephew Plc  03 August 2023

 

Chief Financial Officer to step down in Q2 2024

3 August 2023

 

Smith+Nephew (LSE: SN, NYSE: SNN), the global medical technology company,
announces that Anne-Françoise Nesmes has informed the Board of her intention
to step down as Chief Financial Officer during the second quarter of 2024, on
a date to be agreed. The Board has initiated an external search for her
successor.

Deepak Nath, Chief Executive Officer, said: "I would like to thank
Anne-Françoise for her leadership and significant contribution to
Smith+Nephew. She was instrumental in helping the Group navigate the financial
challenges of the pandemic and in laying the foundation for our transformation
under the 12-point plan. On a personal note, I have been very grateful for her
support and counsel which I know will continue over the coming months. When
the time comes, she will leave Smith+Nephew with our best wishes."

Roberto Quarta, Chair of the Board, said: "On behalf of the Board I would like
to thank Anne-Françoise for her important contribution at Smith+Nephew and
for the early communication of her intention to step-down, which will support
an orderly succession. She has been a highly valued member of the Board and a
strong and dynamic leader of the business, and we wish her well for the
future."

Anne-Françoise Nesmes, said: "It has been a privilege to work alongside
Deepak and the leadership team and I have every confidence that Smith+Nephew
is on a path to stronger performance. Given our progress, I feel now is the
right moment to reflect and consider my next professional challenge. I would
like to thank my colleagues for their strong support and dedication, and
remain fully committed to continuing our work together until I leave next
year."

Further announcements regarding Anne-Françoise's leaving date and the
appointment of her successor will be made in due course.

This announcement includes inside information as defined in Article 7 of the
UK Market Abuse Regulation. The person responsible for arranging the release
of this announcement on behalf of the Company is Helen Barraclough, Company
Secretary.

 

Enquiries

 

 Investors / Analysts

 Andrew Swift                      +44 (0) 1923 477433

Smith+Nephew

 Media

 Charles Reynolds                  +44 (0) 1923 477314

Smith+Nephew

 Susan Gilchrist / Ayesha Bharmal  +44 (0) 20 7404 5959

Brunswick

 

About Smith+Nephew

 

Smith+Nephew is a portfolio medical technology company that exists to restore
people's bodies and their self-belief by using technology to take the limits
off living. We call this purpose 'Life Unlimited'. Our 19,000 employees
deliver this mission every day, making a difference to patients' lives
through the excellence of our product portfolio, and the invention and
application of new technologies across our three global franchises of
Orthopaedics, Advanced Wound Management and Sports Medicine & ENT.

 

Founded in Hull, UK, in 1856, we now operate in more than 100 countries, and
generated annual sales of $5.2 billion in 2022. Smith+Nephew is a constituent
of the FTSE100 (LSE:SN, NYSE:SNN). The terms 'Group' and 'Smith+Nephew' are
used to refer to Smith & Nephew plc and its consolidated subsidiaries,
unless the context requires otherwise.

 

For more information about Smith+Nephew, please visit www.smith-nephew.com
(http://www.smith-nephew.com) and follow us on LinkedIn
(http://www.linkedin.com/company/smith-%26-nephew) , Instagram
(https://www.instagram.com/smithnephewmeded/) or Facebook
(http://www.facebook.com/smithnephewplc) .

 

Forward-looking Statements

This document may contain forward-looking statements that may or may not prove
accurate. For example, statements regarding expected revenue growth and
trading profit margins, market trends and our product pipeline are
forward-looking statements. Phrases such as "aim", "plan", "intend",
"anticipate", "well-placed", "believe", "estimate", "expect", "target",
"consider" and similar expressions are generally intended to identify
forward-looking statements. Forward-looking statements involve known and
unknown risks, uncertainties and other important factors that could cause
actual results to differ materially from what is expressed or implied by the
statements. For Smith+Nephew, these factors include: risks related to the
impact of Covid, such as the depth and longevity of its impact, government
actions and other restrictive measures taken in response, material delays and
cancellations of elective procedures, reduced procedure capacity at medical
facilities, restricted access for sales representatives to medical facilities,
or our ability to execute business continuity plans as a result of Covid;
economic and financial conditions in the markets we serve, especially those
affecting healthcare providers, payers and customers (including, without
limitation, as a result of Covid); price levels for established and innovative
medical devices; developments in medical technology; regulatory approvals,
reimbursement decisions or other government actions; product defects or
recalls or other problems with quality management systems or failure to comply
with related regulations; litigation relating to patent or other claims; legal
and financial compliance risks and related investigative, remedial or
enforcement actions; disruption to our supply chain or operations or those of
our suppliers (including, without limitation, as a result of Covid);
competition for qualified personnel; strategic actions, including acquisitions
and disposals, our success in performing due diligence, valuing and
integrating acquired businesses; disruption that may result from transactions
or other changes we make in our business plans or organisation to adapt to
market developments; relationships with healthcare professionals; reliance on
information technology and cybersecurity; disruptions due to natural
disasters, weather and climate change related events; changes in customer and
other stakeholder sustainability expectations; changes in taxation
regulations; effects of foreign exchange volatility; and numerous other
matters that affect us or our markets, including those of a political,
economic, business, competitive or reputational nature. Please refer to the
documents that Smith+Nephew has filed with the U.S. Securities and Exchange
Commission under the U.S. Securities Exchange Act of 1934, as amended,
including Smith+Nephew's most recent annual report on Form 20-F, which is
available on the SEC's website at www. sec.gov, for a discussion of certain of
these factors. Any forward-looking statement is based on information available
to Smith+Nephew as of the date of the statement. All written or oral
forward-looking statements attributable to Smith+Nephew are qualified by this
caution. Smith+Nephew does not undertake any obligation to update or revise
any forward-looking statement to reflect any change in circumstances or in
Smith+Nephew's expectations.

(◊) Trademark of Smith+Nephew. Certain marks registered in US Patent and
Trademark Office.

 

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