19th Aug 2019 08:24
(Alliance News) - ConvaTec Group PLC on Monday said it appointed John McAdam as chair, with effect from September 30, when Karim Bitar will join as chief executive officer.
Also, the FTSE 250-listed medical products provider said, at the end of September, Rick Anderson will step down from his current interim role as executive chair to resume his role as a non executive director.
McAdam has recently stepped down as chair of FTSE 100-listed firm Rentokil Initial PLC and is due to retire as chair of blue-chip energy company United Utilities Group PLC at the end of 2019, having taken up the role of chair of both companies in 2008.
He is also senior independent director of manufacturing company Cobham PLC, a position he has held since August 2017, and a non executive director of investment firm Wilmcote Holdings PLC since October 2018.
"John brings significant transformational leadership to the board, which will further enable the acceleration of the transformation initiative that we launched earlier this year," said Anderson.
ConvaTec shares were trading 0.4% higher early on Monday ta 183.60 pence each.
Related Shares:
CobhamWCH.LConvaTecRentokil InitialUnited Utilities