- Smith & Nephew said that chief executive Olivier Bohuon will retire by the end of 2018.

The company's board is commencing a search for a successor.

"Looking ahead to the next long-term phase of growth, I have decided to announce my retirement plans now, providing ample time to identify a successor and ensure a smooth transition," Bohuon said.

"I am committed to leading the company in the meantime, as we remain resolutely focused on delivering a solid performance in 2017."

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