- Convatec Group
- 04 August 2025 07:24:15
Source: Sharecast
Chief financial officer Jonny Mason will step in to become interim CEO, and be replaced by group financial controller Fiona Ryder, while the company waits for Bitar’s return.
Bitar, who has been CEO at Convatec since 2019, is the former boss of animal genetics company Genus, and prior to that spent 15 years working for American pharma giant Eli Lilly.
In Convatec's interim results last week, Batir said the company was "well-positioned to deliver our medium-term targets" after growing revenues and operating profits by 6% and 20.1% in the first half, respectively.
Batir said the growth targets, which include double-digit compound annual growth in EPS and free cash flow to equity, "will be driven by our leading positions in structurally growing markets, strongest-ever innovation pipeline and clear focus on execution excellence by our dedicated team of over 10,000 colleagues worldwide".