Cochlear
(ASX:COH) has appointed Dig Howitt as its new Chief Executive Officer and President.
The cochlear implant company hearing appointed Dig Howitt after Chris Smith announced he would retire as CEO and President with effect 2 January 2018.
Cochlear says over Chris Smith’s 13 years with the company, he made a substantial contribution and positively impacted many peoples lives.
Dig Howitt will take the seat as President from today (31 July 2017) and transition to CEO responsibilities over the coming months.
Dig joined the company in 2000 and has been Cochlear’s Chief Operating Officer from July 2016.
Despite the leadership change, Cochlear says it’s expecting bolstered net profit of between $210 million to $225 million in FY17
Shares in Cochlear
(ASX:COH) are 0.92 per cent lower to $143.83.