John Crane Management Change (5291E)
May 31 2012 - 9:00AM
UK Regulatory
TIDMSMIN
RNS Number : 5291E
Smiths Group PLC
31 May 2012
News Release
London, 31 May 2012
For immediate release
JOHN CRANE MANAGEMENT CHANGE
Smiths Group plc today announces that Paul Cox, President of
John Crane, will step down to further his career through
opportunities outside the Group, with effect from today. The Board
of Smiths Group believes that it is appropriate to make this change
at this time in order to take John Crane on to the next stage in
its development. The process to appoint a permanent replacement is
underway. In the interim, the divisional management will report to
Tedd Smith, currently President of Flex-Tek, who will look after
the day-to-day running of John Crane. Pat McCaffrey, currently
Chief Operations Officer at Flex-Tek, will step in to run Flex-Tek.
Both individuals will report to Philip Bowman.
Chief Executive Philip Bowman said "I would like to thank Paul
for his valuable contribution to Smiths Group over the past seven
years and for his role in developing John Crane into the strong
business that it is today. I wish him well in the next steps he
takes in developing his career."
There is no change in trading or expectations at John Crane or
Smiths Group overall since the interim management statement issued
on 15 May 2012.
This press release contains certain forward-looking statements
with respect to the operations, performance and financial condition
of the Group. By their nature, these statements involve uncertainty
since future events and circumstances can cause results and
developments to differ materially from those anticipated. The
forward-looking statements reflect knowledge and information
available at the date of preparation of the press release and the
Company undertakes no obligation to update these forward-looking
statements. Nothing in this press release should be construed as a
profit forecast.
Investor Relations Peter Durman +44 (0)20 7808 5535 / +44
(0)7825 145336
Media Relations
Colin McSeveny +44 (0)20 7808 5534.
Anthony Cardew, Cardew Group
+44 (0)7770 720389
Smiths Group
Smiths is a global technology company listed on the London Stock
Exchange (SMIN) and operates a sponsored level one ADR programme
(SMGZY). A world leader in the practical application of advanced
technologies, Smiths Group delivers products and services for the
threat & contraband detection, medical devices, energy and
communications markets worldwide. Our products and services make
the world safer, healthier and more productive. Smiths Group
employs more than 23,000 people in over 50 countries. For more
information visit www.smiths.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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