Smiths Group PLC (SMIN) - Smiths Group announces senior management changes
RNS Number : 5005O
Smiths Group PLC
11 October 2012
London,11 October 2012
For immediate release
Smiths Group Announces Senior Management Changes
Smiths Group plc today announces senior management changes.
Duncan Gillis, an executive with wide international experience in a number of
sectors, is appointed President & CEO of John Crane. A US national, Gillis
formerly held senior posts in a number of countries for Procter & Gamble,
McKinsey and United Technologies Corporation. He was most recently President
& CEO of Algeco Scotsman, a global service company specialising in modular
space and secure storage with annual revenues of €1.4billion.
At the same time Ralph Phillips is stepping down as President of Smiths
Interconnect to further his career through opportunities outside the Group.
He will be succeeded by Mark Reckitt, Smiths Group Director of Strategy.
Smiths Chief Executive Philip Bowman said: "Duncan has an outstanding track
record in growing multi-country businesses with high exposure to emerging
markets. He has thrived in performance-driven cultures and his background
ideally equips him to take John Crane on to the next stage of its development.
"I would like to thank Ralph for his valuable contribution in growing Smiths
Interconnect which has almost doubled in size over the past few years.
However, different phases in a business's development often require different
leadership skills. As with John Crane, we felt the time was right for
management change at Smiths Interconnect. I wish Ralph well in the next steps
he takes in developing his career.
"I would also like to take this opportunity to thank Tedd Smith for his
interim leadership of John Crane. Tedd will ensure a smooth handover before
resuming his role as President of Flex-Tek.
"As I commented in our annual results statement last month, we are committed
to continue to raise the bar in terms of talent across all the divisions.
Mark will lead Interconnect which has recently been restructured into three
discrete business units under new and strengthened management teams. He will
also continue in his role as Group Strategy Director at a time when the impact
of quantitative easing on the Company's legacy pension liabilities will
continue to significantly constrain our opportunity to pursue material
acquisition and divestment opportunities."
Before joining Smiths in February 2011, Mark Reckitt had a 21-year career with
Cadbury plc. He held a number of senior finance and commercial posts including
Chief Commercial Officer and Finance Director for its UK confectionery and
Europe, Middle East and Africa soft drinks businesses. Latterly, he was
Managing Director of Green & Black's.
John Cranewww.johncrane.com is a world-leading provider of engineered
products and services for the major process industries, including oil and gas,
power, chemical, pharmaceutical, and other general industries.
SmithsInterconnectwww.smithsinterconnect.com is a leader in technically
differentiated electronic and radio frequency products that connect, protect
and control critical systems for the wireless telecommunications, aerospace,
defence, space, medical, rail, test and industrial markets. Both are part of
Smiths Group www.smiths.com, a global leader in applying advanced technologies
for markets in threat and contraband detection, energy, medical devices,
communications and engineered components. Smiths Group employs around 23,000
people in more than 50 countries.
Peter Durman +44 (0)20 7808 5535
Colin McSeveny +44 (0)20 7808 5534
Anthony Cardew +44 (0)20 7930 0777
This information is provided by RNS
The company news service from the London Stock Exchange
MSCLLFEIIFLLLIF -0- Oct/11/2012 13:00 GMT
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