Smith & Nephew (LSE: SN, NYSE: SNN), the global medical technology business, announces that Marc Owen is to join its Board as Non-Executive Director on 1 October 2017. He will also join the Audit Committee.
Marc Owen retired from Fortune 500 healthcare business McKesson Corp in March 2017 where he had served on the Executive Committee since 2001, holding a number of senior roles including Chairman of the Management Board of integrated pharmaceuticals services provider Celesio AG and President of the McKesson Speciality Health business. Marc Owen also worked for McKinsey for 12 years, specialising in healthcare and technology, and began his career as a barrister in London.
Roberto Quarta, Chairman of Smith & Nephew, commented:
“Marc Owen has proven himself as a leader with strategic vision who has built significant international healthcare businesses. Attracting such a strong candidate reflects well on the prospects for Smith & Nephew and ensures the Board maintains our deep commercial healthcare expertise when, as previously announced, Joe Papa retires at the Annual General Meeting next year.”
Marc Owen is a British citizen and is 57 years old.
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. Marc Owen’s fees will be $129,780 per annum of which $9,780 will be paid in the form of Smith & Nephew shares in-line with current Non-Executive Directors.
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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.
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