Wednesday 7th February, Halma held a dinner for analysts and institutional investors at the Andaz Hotel in London. Andrew Williams, Halma’s Chief Executive, began by introducing Halma’s Executive Board members including Marc Ronchetti, who will become Halma’s CFO upon Kevin Thompson’s retirement later this year, and Inken Braunschmidt, who became Halma’s Chief Innovation and Digital Officer in July 2017.
Agility Of The Businesses
Andrew then gave a brief summary of Halma’s evolution over the past 45 years, highlighting the agility of the businesses as markets and technologies have changed while maintaining a consistent financial model and strategic framework.
Halma’s purpose is “Growing a safer, cleaner, healthier future for everyone, every day”. This means that our collective efforts are concentrated on making a transformational impact on people’s lives in each of our three key areas of focus: safety, healthcare and the environment. This helps us to attract new talent, acquisitions and strategic partners.
Scope For Scalability
The Executive Board has been streamlined to reduce the number of Sector CEOs from four to twoIn recent years, Halma has encouraged greater collaboration between its businesses supported by the addition of small, expert teams focused on talent, international expansion and, most recently, innovation. Halma can unlock additional value for shareholders and fulfil our purpose more fully, by leveraging the collective capabilities while retaining our culture and organizational model.
To facilitate this, the Executive Board has been streamlined to reduce the number of Sector CEOs from four to two, with Paul Simmons responsible for the two Safety sectors and Adam Meyers leading the Medical and Environmental sectors. This will allow greater visibility of, and direct interaction between, the Executive Board and the operating company Chairmen while still providing scope for scalability of our organization.
Digital Growth Potential
Inken Braunschmidt, Halma’s Chief Innovation & Digital Officer, then gave a brief summary of her early impressions of Halma and its digital growth potential. These include identifying the additional opportunities arising from digital connectivity, which enable the convergence of technical and market capabilities of different Halma companies with each other and with external partners.
No trading information was given during the meeting. Halma’s next trading update is scheduled for 22nd March, 2018.
