Smith & Nephew taps ex-Roche chief Diggelman for CEO

Smith & Nephew (NYSE:SNN) today named former Roche (PINK:RHHBY) chief Roland Diggelmann to replace Namal Nawana next month.
Nawana, named to succeed Olivier Bohuon last year, is stepping down effective Nov. 1 “to pursue other opportunities outside of the U.K.,” the London-based healthcare giant said. Nawana is slated to stay on until Dec. 31 to assist in the transition.
“On behalf of the board, I am delighted to welcome Roland Diggelmann as Smith & Nephew’s incoming CEO. I am certain that Roland’s leadership qualities, combined with his excellent track record of delivering results in an innovation-led business, his deep expertise in the medical devices industry, and his knowledge of Smith & Nephew, make him the right person to build on the Company’s success into the future,” chairman Roberto Quarta said in prepared remarks. “During his time with Smith & Nephew, Namal has substantially transformed the business with a new strategy, purpose and culture, and renewed commitment to innovation, returning it to an improved growth trajectory. I would like to thank Namal for his leadership and many contributions to the Company, our employees, customers and stakeholders.”
“I am honored to have been asked to lead Smith & Nephew at an exciting time for the business. As non-executive director I have seen first-hand the strength of the group’s people and its portfolio of leading technologies. I look forward to playing my part in shaping the future of the company and driving the next stage of growth,” Diggelmann added.
Namal said:
“There is clear momentum behind our strategy laid out last year, underlined by the company’s performance generated by our team during 2019. I am proud to be leaving Smith & Nephew in a strong position for the next phase of its development,” Nawana said.
Original Article : (https://www.massdevice.com/smith-nephew-taps-ex-roche-chief-diggelman-for-ceo/)