Smith+Nephew CEO steps down over pay, ex-Roche Diagnostics chief to take over (press release)
Smith+Nephew Plc (SN.L) Chief Executive Namal Nawana is stepping down after just 17 months in the role after becoming dissatisfied with his salary at the medical device maker.
The company said Nawana, who will be replaced by former Roche Diagnostics head Roland Diggelmann, was leaving to pursue opportunities outside the United Kingdom and his departure was a mutual decision. A spokeswoman gave no additional details.
“There appears to be a pretty simple reason Nawana is leaving – pay,” AJ Bell investm...
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