Manufacturing News

Chris Roberts to step down as Cochlear chief executive

A leadership change has been announced at global
hearing implants maker Cochlear.

Business Spectator reports that Chris Smith, the
current head of Cochlear in North America, will begin as deputy CEO on July 1,
with a handover period before beginning as CEO on September 1.

Current chief executive Chris Roberts will leave at the
end of August. He has been in the role since February 2004.

“It is time to hand over the
leadership baton,” Dr Roberts is quoted as saying by The Australian Financial Review.

“It has been a privilege to lead
this great global company for over a decade, and to work with so many talented
people. In that time, Cochlear has been able to help hundreds of thousands of
people hear.”

Smith will relocate to Sydney and be
paid a base salary of $1.45 million a year, plus performance incentives.

Image: Daniel Munoz/AFR

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