News Release Smiths Group plc
London, 24 October 2013 Cardinal Place, 80 Victoria Street,
For immediate release London SW1E 5JL
T: +44 (0)20 7808 5500 www.smiths.com
SMITHS DETECTION MANAGEMENT CHANGE
Smiths Group plc today announces that Mal Maginnis, President of Smiths Detection, has decided to step down for personal reasons so that he can relocate back to Singapore and pursue other interests. He will be leaving the Group after a suitable transition period. The process to appoint a permanent replacement is underway.
In the interim, the divisional management will report to Brian Jones, currently Chief Information Officer (CIO) for Smiths Group and a member of the Group Executive Committee. Brian, who will look after the day-to-day running of Smiths Detection, has served on the Detection Board for five years as Investor Director and has a good knowledge of the division, its markets, products and current operational initiatives. Stuart Beesley will become interim CIO and attend the Executive Committee, reporting to the Chief Executive. Both appointments are effective immediately.
Chief Executive Philip Bowman said "I would like to thank Mal for his valuable contribution to Smiths Detection over the past 12 years. I wish him well in the next steps he takes in his career."
In the first two months of the financial year, Smiths Detection has traded in line with expectations, with revenue and headline operating profit ahead of last year. A trading update for the Group will be issued on 19 November at the Annual General Meeting.
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
