Sirtex Medical Chairman steps down after 13 years

Company News

by Jessica Amir

Sirtex Medical (ASX:SRX) has announced Richard Hill will retire as Chairman and Non-Executive Director, standing down from the helm on 28 October 2017.

The Australian medical company, providing radioactive treatment in inoperable liver cancer says, Deputy Chairman, Dr John Eady, will assume the role of interim Chairman until a permanent replacement is found.

The outgoing Chairman leaves the group after 13 years. In that time Richard helped the company gain presence in over 40 countries.

He also leaves the company with $118 million in cash and no debt as at FY17.

Shares in Sirtex Medical (ASX:SRX) are trading 0.14 per cent lower to $14.60.

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.