Smith & Nephew chief Deepak Nath in 'last chance saloon' Smith & Nephew's boss has been warned that he is in the 'last chance saloon' and must turn the company around.
Shares in the company are down nearly 7 per cent this year and have tumbled 42 per cent in the past five years.
The company's largest shareholder is asset manager BlackRock with 5 per cent, while activist hedge funds Cevian Capital and Harris Associates are also top-ten holders.
They will pressure Nath to resign in the New Year unless he proves that the FTSE 100 firm has made operational improvements by the time that the company's full-year results are announced in February.
Activist investors have given Deepak Nath, the US-based chief executive of the medical equipment giant, two months to demonstrate improvements.
