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Synlab Unsecured Bondco PLC (IRSH)
Synlab Unsecured Bondco PLC: New CFO Synlab Group
19-Jun-2017 / 18:26 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information
according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
*NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES OR ANY JURISDICTION IN WHICH THE PUBLICATION,
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE
APPLICABLE.*
*New CFO Synlab Group*
Munich, 19 June 2017 - Synlab Group ('Synlab' or 'the Group') today
announces the appointment of Sami Badarani as Group CFO with effect from
July 1, 2017.
Sami is a highly experienced CFO across several industries and international
markets. He was formerly CFO of Bureau Veritas, the global testing,
inspection and certification firm; Director of Group Finance of Alliance
Boots, the international pharmacy-led health and beauty group, and CFO of GE
Energy Contractual Services, a global services business. He is currently a
non-executive Director at DNV GL which provides services to advance the
safety and sustainability of businesses worldwide. Sami is a French national
who has worked in senior finance roles for global businesses based in
France, the UK and USA.
Sami will replace Vincent Marcel who steps down as Synlab Group CFO to
pursue other business interests. Vincent became Synlab Group CFO in January
2016 following the Labco-Synlab combination. He was formerly CFO of Labco
since 2011 and was instrumental in the growth and transformation of Labco
and the successful sale of the business to Cinven in July 2015.
Dr. Bartl Wimmer, Synlab Group CEO, commented:
"I am pleased to welcome Sami as the new Group CFO. He brings significant
experience to the Board of Synlab given his previous CFO positions at
several leading global businesses. He joins at an exciting time as Synlab
continues to grow internationally through acquisition and further organic
growth. On behalf of the entire Board, we look forward to working with him
to ensure that the business remains well capitalised and has the optimum
capital structure to take advantage of ongoing growth opportunities."
"I would like to thank Vincent for his significant contribution to the
success of the Synlab business. He became Synlab Group CFO following the
combination of Synlab and Labco and steps down with the Group in a strong
financial position and extremely well positioned for further expansion. We
wish him every success with his future career."
- Ends -
*Forward-Looking Information is Subject to Risk and Uncertainty*
This press release may include certain "forward-looking" statements.
Forward-looking statements include all statements that are not historical
facts and can be identified by the use of forward-looking terminology such
as the words "believes," "expects," "may," "will," "would," "should,"
"seeks," "pro forma," "anticipates," "intends," "plans," "estimates," or the
negative of any thereof or other variations thereof or comparable
terminology, or by discussions of strategy or intentions. These statements
are not guarantees of future actions or performance and involve risks,
uncertainties and assumptions as to future events that may not prove to be
accurate. Actual actions or results may differ materially from what is
expressed or forecasted in these forward-looking statements. As a result,
these statements speak only as of the date they were made and Synlab
undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.
*For more information:*
+-----------------------------+--------------------------------+
|*Synlab* |+49 (0) 69 9203 7183 |
| | |
|Daniel Herbert, FTI |Daniel.Herbert@fticonsulting.com|
|Consulting | |
+-----------------------------+--------------------------------+
Language: English
ISIN: XS1268471494, XS1268475727
Category Code: BOA
TIDM: IRSH
LEI Code: 549300US0Y3NXR23K397
Sequence No.: 4322
End of Announcement EQS News Service
584339 19-Jun-2017
(END) Dow Jones Newswires
June 19, 2017 13:27 ET (17:27 GMT)
