Mr Raote’s most recent role was Worldwide President for J & J’s Vision Care, a business with 5,600 employees across 120 countries and 2 manufacturing and research and development sites. At Vision Care, he accelerated growth in the U.S., China, Japan, and key Western European markets.When he retired the business he managed had revenue of $3.6B. Under his leadership the business improved its top line by 30 per cent and bottom line by 50 per cent over four years and increased global headcount by 1,000.
I can only guess that Polynovo decided that their own increases were too low for where they had been before Swami's appointment. They have the right to believe that whether we like it or not. I wish Swami and Polynovo every success for the future.
PNV Price at posting:
$1.37 Sentiment: Buy Disclosure: Held
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