- After almost seven years on the job
- Laud, praise and thanks for Smith
- Smith will remain as Chairman
- Smith made a lengthy statement and said 113 words
(management-change.com) — Wayne, Pennsylvania, February 23, 2017 — Benson Smith, chief executive of Teleflex, leaves. His departure is made public at an early stage. As announced by Teleflex Incorporated in a news release on Thursday, February 23, 2017, Benson Smith leaves the post as Chief Executive Officer at the provider of specialty medical devices after almost seven years on the job, effective December 31, 2017.
It is a long goodbye. The announcement comes 10 months prior to Smith’s planned move.
In general, a top executive who announces the departure very early may be considered a lame duck.
Smith’s duties are taken over by Liam Kelly, currently President and Chief Operating Officer at Teleflex Incorporated.
No reason given
In the announcement, Teleflex did not explicitly explain the reason for Smith’s move.
Smith will remain as Chairman at Teleflex
“Smith, a Teleflex Board member since 2005, will continue to serve as Teleflex’s Chairman of the Board. He has been nominated by Teleflex’s Board of Directors to serve for another three year term if elected by Teleflex’s stockholders at the 2017 annual meeting to be held in May, 2017,” Teleflex said.
Share price rise since March 2009
The change follows a rise in the share price of Teleflex Incorporated since March 2009.
On the job as CEO since 2011
Smith has been the Chairman and Chief Executive Officer of Teleflex Incorporated since January 31, 2011.
Smith was named Chairman, President and Chief Executive Officer of Teleflex Incorporated in January 2011 after serving on the Teleflex Board since 2005.
Prior to 2011, he was the Founding Partner of Sales Research Group (SRG), a research and consulting organization.
From January 2000 to December 2005, Smith was a Speaker and an Author at The Gallup Organization.
He also served as the Leader of Gallup’s Global Sales Force Effectiveness Practice.
Prior to that, Smith worked for C.R. Bard, Inc., a company specializing in medical devices, for approximately 25 years.
At C.R. Bard, he held various executive and senior level positions culminating as President and Chief Operating Officer until 1998.
He also served as a member of its Board of Directors.
He was previously on the Board of Rochester Medical Corporation and Chairman of the Board of Zoll Medical Corporation until its sale to Asahi Kasei Group in April 2012.
He also serves on a variety of academic and health-related organizations.
Smith holds a B.A. degree from Grinnell College and was a Post Graduate Watson Fellow.
Read the full story in the management-change.com report 09.2017 ($).