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Smith & Nephew CFO John Rogers relocates to US, receives revised compensation

Published 30/09/2025, 12:24
Smith & Nephew CFO John Rogers relocates to US, receives revised compensation
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Smith & Nephew plc (LSE:SN, NYSE:SNN) announced Monday that Chief Financial Officer John Rogers has relocated from the United Kingdom to the United States and will be employed and based in the US effective September 29, 2025. The move aligns with the company’s significant business operations in the US, which contribute over half of group revenue.

According to the press release statement, Rogers’ employment terms have been adjusted to reflect US market practices and the company’s remuneration policy for executive directors based in the US. His base salary will decrease from £750,375 (approximately $1,013,006) to $875,000. The pension cash allowance will be reduced from 12% to 7.5% of base salary in line with US employee provisions. His target bonus opportunity remains at 107.5% of base salary.

The target award under the Performance Share Plan will increase from 137.5% to 150% of base salary starting January 1, 2026. Rogers will also be eligible for an annual Restricted Share Plan award equal to 125% of base salary, with the 2025 award pro-rated for US service during the vesting period.

On September 29, 2025, Rogers was granted 41,360 ordinary shares under the Smith & Nephew Restricted Share Plan 2024. The award, based on a closing share price of £13.48 on the London Stock Exchange during the period from August 6 to August 19, 2025, will vest in three equal tranches in March 2026, March 2027, and March 2028, contingent on a judgement underpin as determined by the Remuneration Committee. Participants will receive additional shares equivalent to dividends paid during the vesting period.

The company stated that support provided to Rogers for his relocation is consistent with that offered to other employees moving internationally within Smith & Nephew.

This article is based on information disclosed in a press release statement filed with the US Securities and Exchange Commission.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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