Last checked at 19 May 2017 10:57
News Release
London, 19 May 2017
For immediate release
Smiths Group plc Directorate Changes
Smiths Group ("Smiths" or "Group") today announces that Chris O'Shea, Chief Financial Officer, is stepping down from the Smiths Board to pursue his career outside the Group. With immediate effect, Bill Seeger, Non-Executive Director and Chair of the Audit Committee, assumes the role of Interim Chief Financial Officer.
Chris will continue to be available, as necessary, for a period of up to 6 months to ensure a smooth handover. Mark Seligman, Non-Executive Director, becomes Chair of the Audit Committee.
Bill Seeger joined Smiths in May 2014 as a Non-Executive Director and has chaired the Audit Committee for almost three years. He was previously Finance Director of GKN plc.
The Board has now commenced a search for Chris O'Shea's successor.
Andy Reynolds Smith, Chief Executive Officer, said: "I want to express my thanks to Chris for his support and contribution to the strengthening of the Smiths platform for future growth. I wish him every success in the future."
Smiths current trading and outlook remain in line with previous guidance.
There is no further information required to be disclosed pursuant to LR 9.6.13.
ENDS
Contact details
Marion Le Bot, Smiths Group
+44 (0)20 7004 1672
+44 (0)75 8315 4386
marion.lebot@smiths.com
Media enquiries
Andrew Lorenz, FTI Consulting
+44 (0)203 727 1323
+44 (0)777 564 1807
smiths@fticonsulting.com
Deborah Scott, FTI Consulting
+44 (0)203 727 1459
+44 (0)797 953 7449
smiths@fticonsulting.com
Smiths Group is a global technology company listed on the London Stock Exchange (SMIN) and operates a sponsored level one ADR programme (SMGZY). A world leader in the practical application of advanced technologies, Smiths Group delivers products and services for the threat & contraband detection, medical devices, energy and communications markets worldwide. Smiths Group employs more than 22,000 people in over 50 countries. For more information visit www.smiths.com.
Disclaimer
This announcement contains certain statements that are forward-looking statements. They appear in a number of places throughout this announcement and include statements regarding our intentions, beliefs or current expectations and those of our officers, directors and employees concerning, amongst other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the business we operate. By their nature, these statements involve uncertainty since future events and circumstances can cause results and developments to differ materially from those anticipated. The forward-looking statements reflect knowledge and information available at the date of preparation of this announcement and, unless otherwise required by applicable law, Smiths undertakes no obligation to update or revise these forward-looking statements. Nothing in this document should be construed as a profit forecast.
No statement in this announcement is intended to be a profit forecast and no statement in this announcement should be interpreted to mean that earnings per Smiths ordinary share for the current or future financial years would necessarily match or exceed the historical published earnings per Smiths ordinary share. Prices and values of, and income from, shares may go down as well as up and an investor may not get back the amount invested. It should be noted that past performance is no guide to future performance. Persons needing advice should consult an independent financial adviser.