Smith & Nephew chief executive Olivier Bohuon to retire next year

Caitlin Morrison
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Smith & Nephew makes surgical devices (Source: Smith & Nephew)

The chief executive of medical equipment giant Smith & Nephew has announced plans to retire by the end of next year.

Olivier Bohuon, 58, will leave after seven years at the company. The board has begun the search for his successor.

Smith & Nephew announced in February 2016 that Bohuon had been diagnosed with a "highly treatable" cancer. He remained in his post while receiving treatment.

"Since I joined the company in 2011, we have transformed Smith & Nephew into a more focused, efficient and innovative business and I am proud of the value we have created for all of our stakeholders," said Bohuon, who is also a member of the Shire board of directors.

"Looking ahead to the next long-term phase of growth, I have decided to announce my retirement plans now, providing ample time to identify a successor and ensure a smooth transition.

"I am committed to leading the company in the meantime, as we remain resolutely focused on delivering a solid performance in 2017, while positioning the company for further success in the future."

The company's chairman, Roberto Quara, said: "On behalf of the board, I want to thank Olivier for his professional and personal commitment and dedication to Smith & Nephew during his tenure as our CEO.

"Under Olivier's leadership Smith & Nephew has undergone important and necessary change and is now a stronger company. As Smith & Nephew enters its next chapter, the board is determined to build on this to deliver accelerating growth, improved efficiency and further value for shareholders."

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