Smith & Nephew FD steps down
Hooley, FD for 15 years, will leave this summer, to be replaced by Invensys CFO
Smith & Nephew’s long-time FD Peter Hooley is to step down this year, the
company said in a stock exchange announcement today.
Adrian Hennah, currently CFO at Invensys, will take his place, the company
said, in June. Invensys itself said that it had not lined up a replacement for
Hennah as yet.
Hooley has been FD at S&N for 15 years.
Chris O’Donnell, S&N chief executive, said: ‘Peter and I have worked
closely together since he first joined Smith & Nephew and in particular
during the successful restructuring of the Group. His wise counsel and deep
understanding of the business have played a major part in growing Smith &
Nephew into a worldwide leader in the medical devices sector.
‘Adrian Hennah has all the characteristics we were looking for in a new
finance director. He brings a combination of industrial and international
experience, as well as deep financial skills. I welcome Adrian to the Board, to
Smith & Nephew, and the talent and strength he will bring.’