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Smith & Nephew Appoints Deepak Nath as CEO; Roland Diggelmann to Step Down on March 31

February 22, 2022 at 02:48 am EST

By Anthony O. Goriainoff

Smith & Nephew PLC said Tuesday that Deepak Nath has been appointed as chief executive officer, and that Roland Diggelmann will step down from the role by mutual agreement on March 31.

The U.K. medical-technology company said that Mr. Nath will take up the role on April 1, and that he has previously held a number of senior roles at Abbott Laboratories Inc.

The company said that Mr. Nath's base salary will be $1.5 million a year, and that this was in line with the salary paid to Mr. Diggelmann.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

02-22-22 0247ET

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Roland Diggelmann

Mr. Roland D. Diggelmann is an Independent Non-Executive Director at Smith & Nephew A/S (Denmark), a Chief Executive Officer & Non-Executive Director at Smith & Nephew PLC and a Chief Executive Officer at Smith & Nephew SRL. He is on the Board of Directors at Smith & Nephew A/S (Denmark), Smith & Nephew PLC, Advanced Medical Technology Association and Igenomix SL. Mr. Diggelmann was previously employed as an Independent Director by Accelerate Diagnostics, Inc., a Chief Executive Officer-Diagnostics Division by F. Hoffmann-La Roche Ltd., a Chief Executive Officer by Roche Diagnostics A/S, a President-Asia Pacific Division by Roche Diagnostics Ltd., a Managing Director & SVP-Sales by Zimmer GmbH, a Senior Vice President-EMEA by Zimmer KK, an Executive VP-Sales Europe & Asia Pacific by Sulzer Medica, an Executive Vice President- Sales Asia Pacific by Centerpulse Orthopedics Ltd., a Manager-Strategic Planning by Sulzer AG, a Manager-Strategic Planning by Allo Pro AG, and a CEO-Roche Diagnostics by Roche Holding AG. He also served on the board at Heart Force AG. He received his undergraduate degree from the University of Bern.

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