Smiths welcomes two new independent Non-executive Directors to its Board
Val Rahmani and Emma FitzGerald assume roles on October 1 and November 1. Their extensive international governance expertise strengthens corporate oversight.
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Global industrial engineering group
smiths.comLast updated
In short: Smiths completed major divestments of its Detection and Interconnect units, launched a share buyback, and acquired DRC Heat Transfer.
Val Rahmani and Emma FitzGerald assume roles on October 1 and November 1. Their extensive international governance expertise strengthens corporate oversight.
The bulk annuity transaction secures benefits for over 10,000 members, fully insuring all scheme members across five policies.
The transaction was completed at £2bn enterprise value, delivering net cash proceeds of over £1.9bn.
The company held a market opening ceremony at the London Stock Exchange with colleagues and partners.
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London-based Smiths Group said the latest bulk annuity buy-in agreed with M&G subsidiary Canada Life covers 10,000 members of the Smiths Industries Pension Scheme. It...
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