Smith & Nephew's chief executive Bohuon slams reports of Sanofi appointment

Smith & Nephew’s shares rose after chief executive Olivier Bohuon reportedly told employees he has no intention of leaving the company following speculation that he was taking the helm of Sanofi.

Bohuon told employees at a town hall meeting in Switzerland that he was “very happy” at the company, according to Bloomberg.

Earlier this week French newspaper Le Figaro reported that Sanofi chairman Serge Weinberg had chosen Bohuon as successor to Chris Viehbacher, who stepped down as chief executive in October.

Shares were up 2.62% to 1,136p at 15:08 on Thursday.