Business
Board changes
Board changes.
About this update from Convatec Group Plc
[{"type":"text","content":"\n \nRNS Number : 8064T ConvaTec Group PLC 25 March 2019 \n\nThis announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014\n \nBoard changes\n \nReading, United Kingdom (25 March 2019) - Today, the Board of ConvaTec Group Plc (\"ConvaTec\" or \"the Group\") announced the appointment of Karim Bitar as Chief Executive Officer, effective from 30 September 2019. Following this appointment, Sir Christopher Gent, the Chairman, has advised the Board that he wishes to retire and therefore will not seek re-election as a Director at the Group's forthcoming Annual General Meeting on 9 May 2019. A Special Nominations Committee has been established to identify Sir Christopher's successor as Chair of the Board. \n \nRick Anderson, currently interim Chief Executive Officer (\"CEO\") of ConvaTec, has agreed to temporarily serve as Executive Chairman until a new Chair has been appointed, effective from 9 May 2019. The Board has appointed Rick to the Executive Chairman role on a temporary basis to maintain continuity within the senior leadership of the Company during the transitional period until the new Chief Executive Officer joins on 30 September and to drive the recently announced transformation initiative. Rick will then move to be Non-Executive Chairman until a permanent appointment is made. \n \nThe Board also announces that Steve Holliday, Deputy Chairman and Senior Independent Director, has resigned as a member of the Board with effect from 31 March 2019. In his place, Margaret Ewing will be appointed as Senior Independent Director from that date and Ros Rivaz will be appointed as Chair of the Remuneration Committee and member of the Audit & Risk Committee. Both Margaret and Ros are currently Independent Non-Executive Directors of ConvaTec and have strong relevant executive and non-executive experience across the sector and with large listed businesses.\n \nSir Christopher Gent said:\n \n\"Following the announcement of Karim Bitar's appointment as Chief Executive Officer, both Steve and I have concluded that this is the right time to step down from the Board of ConvaTec. I would like to thank Steve for his valuable contribution to the Board since he became a Director in 2016, in particular successfully leading the process to appoint our new...