Smith & Nephew Plc Directorate Change (9838J)
July 04 2017 - 3:05AM
UK Regulatory
TIDMSN.
RNS Number : 9838J
Smith & Nephew Plc
04 July 2017
Appointment of Angie Risley as Non-Executive Director and
Chairman Elect of the Remuneration Committee
4 July 2017
Smith & Nephew (LSE: SN, NYSE: SNN), the global medical
technology business, announces that Angie Risley is to join its
Board as Non-Executive Director and Chairman Elect of the
Remuneration Committee on 18 September 2017. It is intended that
Angie Risley will assume the role of Chairman of the Remuneration
Committee at the Annual General Meeting to be held in 2018 on the
retirement of Joseph Papa from the Board.
Roberto Quarta, Chairman of Smith & Nephew, commented:
"Angie Risley is a well-regarded FTSE 100 Human Resources
Director and a proven Non-Executive Director and Remuneration
Committee Chairman with experience of a wide range of different
sectors, including a regulated environment. I am certain that she
will be a great addition to our Board and provide effective
leadership to our Remuneration Committee when Joe Papa steps down
next year."
Angie Risley is currently Group HR Director of J Sainsbury plc
and has previously held similar senior roles at Whitbread PLC and
Lloyds Banking Group plc. She is also a Non-Executive Director of
Sainsbury's Bank Board. She is currently Chairman of the
Remuneration Committee of Serco Plc where she will shortly be
stepping down. Previously, she has held similar positions at Arriva
plc and Biffa plc.
No disclosure obligations arise under paragraphs (1) to (6) of
LR 9.6.13 R of the UK Listing Authority's Listing Rules in respect
of this appointment. Ms Risley's fees will be GBP63,000 cash plus
GBP5,135 in Smith & Nephew shares per annum, in-line with
current Non-Executive Directors.
- ends -
Enquiries
Investors
Ingeborg Oie +44 (0) 20
Smith & Nephew 7401 7646
Media
Charles Reynolds +44 (0) 1923
Smith & Nephew 477314
Ben Atwell / Matthew Cole +44 (0) 20
FTI Strategic Consulting 3727 1000
About Smith & Nephew
Smith & Nephew is a global medical technology business
dedicated to helping healthcare professionals improve people's
lives. With leadership positions in Orthopaedic Reconstruction,
Advanced Wound Management, Sports Medicine and Trauma &
Extremities, Smith & Nephew has around 15,000 employees and a
presence in more than 100 countries. Annual sales in 2016 were
almost $4.7 billion. Smith & Nephew is a member of the FTSE 100
(LSE:SN, NYSE:SNN).
For more information about Smith & Nephew, please visit our
website www.smith-nephew.com, follow @SmithNephewplc on Twitter or
visit SmithNephewplc on Facebook.com.
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 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:
economic and financial conditions in the markets we serve,
especially those affecting health care providers, payers and
customers; 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 compliance risks and
related investigative, remedial or enforcement actions; disruption
to our supply chain or operations or those of our suppliers;
competition for qualified personnel; strategic actions, including
acquisitions and dispositions, 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; 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, 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 US
Patent and Trademark Office.
This information is provided by RNS
The company news service from the London Stock Exchange
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