31st Mar 2014 11:00
LONDON (Alliance News) - Synergy Health PLC said Monday that it has postponed the previously announced changes to its board due to potential opportunities in the USA, meaning Chief Executive Dr Steeves will remain in his role.
Synergy said that the board has decided that Steeves should defer his move from CEO to Chairman and Duncan Nichol, non-executive Chairman, will delay his retirement.
In July last year the firm announced that Steeves, Group CEO would succeed Nichol upon his retirement on March 31, 2014 and that Dr Adrian Coward would take over from Richard as Group CEO.
However, due to the expanding opportunity for the growth in outsourced hospital sterilisation services in the USA, the Board said the changes have been deferred.
Coward, currently regional CEO for the UK & Ireland will now take on a broader role as COO for the Group as a whole, and joins the Board with immediate effect, said Synergy.
The company said it will announce its pre-close trading update in the week commencing April 14 2014.
Shares in Synergy were trading 1.03% higher Monday at 1,376.00 pence per share.
By Alice Attwood; [email protected]; @AliceAtAlliance
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