Medtech company Smith+Nephew’s CFO has relocated to the U.S. to enhance executive leadership and operational oversight, according to a Sept. 30 news release from the company.
Here are five things to know:
- John Rogers, the company’s CFO, will be employed under a local U.S. contract.
- By moving to the U.S., Mr. Rogers will have more direct collaboration with Smith+Nephew senior leaders in the states.
- The U.S. market generates more than half of Smith+Nephew’s revenue, and it is expected to continue being a factor in the company’s future growth.
- Mr. Rogers will still spend a significant portion of his time at the company’s global headquarters in the United Kingdom, as well as Smith+Nephew sites around the world.
- Changes to Mr. Rogers’ remuneration agreement include a reduction of his base salary from $1,013,006 to $875,000 and an increase in his target performance share plan award to 150% of his base salary.
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