CEO of UDG Healthcare's Ashfield division to retire

UDG Healthcare said on Monday that Chris Corbin, the chief executive officer of its largest division, Ashfield Commercial & Medical Services, will retire in April 2019.

In preparation for his retirement, Corbin will transition to the role of chairman of Ashfield once his successor has been appointed.

The FTSE 250 healthcare services provider said this will facilitate a phased transition of his responsibilities over the next two and half years. In addition, he will stay on as a member of the board of directors until his retirement.

Chief executive officer Brendan McAtamney said: “I would like to thank Chris for his substantial contribution to the success of both the group and Ashfield since joining us in 2000. Under his leadership, Ashfield has developed into a leading international healthcare services organisation and a key division of the group.

“We will work closely with Chris over the next two and a half years to ensure a professional transition process and thereafter wish him the very best in retirement.”

At 1445 BST, the shares were up 1.4% to 635.00p.