F&P Healthcare gets new chief

This maker of respiratory products has announced its next chief executive, but the share price is sky high.

Fisher & Paykel Healthcare has appointed Lewis Gradon as its next chief executive following the retirement of Michael Daniell in April. Daniell has been with F&P Healthcare for 37 years and, as chairman Tony Carter put it, 'has led a team that has taken the company from a small medical division of an iconic New Zealand appliance manufacturer to the global leader in respiratory humidification, with a market capitalisation of more than NZ$5 billion, more than 3,500 employees and over NZ$730 million in assets'.

Lewis Gradon has a technology background, having previously been F&P Healthcare’s Senior Vice President of Products and Technology, a position he has held for 15 years. Prior to this he was General Manager of Research and Development.

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