ExtremitiesRecon

Report: Smith & Nephew CEO Bohoun to stay put

December 1, 2014 by Brad Perriello

Smith & Nephew (FTSE:SN, NYSE:SNN) CEO Olivier Bohuon reportedly said he has no plans to leave the U.K. medical device maker for the top job at French drug-maker Sanofi (NYSE:SNY), despite persistent reports that he’s the #1 candidate.

Citing “people familiar with the matter,” Bloomberg reported that Bohuon told employees that he’s “very happy” at Smith & Nephew. The CEO spoke at a “town hall” meeting Nov. 25 in Baar, Switzerland, according to 1 of the sources, “who asked not to be identified discussing private company events,” according to Bloomberg.

Bohuon has been mentioned as a strong candidate for the CEO role at Sanofi since early November, when the Paris-based company sacked Chris Viehbacher after 6 years in the corner office. Le Figaroreported Nov. 24 that a deal between Bohuon and Sanofi chairman Serge Weinberg is in the offing.

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Josh Sandberg

Josh Sandberg is the President of Ortho Spine Partners and Partner for The De Angelis Group. He also serves as Co-Founder and Editor of OrthoSpineNews.

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