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Smiths Group CFO to step down

Reuters - UK Focus

(Fixes headline)

May 19 (Reuters) - British engineering company Smiths Group (Frankfurt: QS2A.F - news) said on Friday that Chief Financial Officer Chris O'Shea will step down.

It said Bill Seeger, a non-executive director, had assumed the role of interim CFO with immediate effect.

The company, which reported a 27 percent rise in first-half headline operating profit, said its outlook for the year remained in line with its previous guidance.

Shares (Berlin: DI6.BE - news) in Smiths were down 1.2 percent 1,599p at 1007 GMT, making them one of the top five losers on the UK blue chip index. (Reporting by Rahul B in BengaluruEditing by Jason Neely)