Smith & Nephew chairman wins CFO award

Smith & Nephew chairman wins CFO award

Top businessman Sir John Buchanan has received the Lifetime Contribution to Finance and Business Award.

Buchanan, currently chairman of world number four hip and joint maker, Smith & Nephew in the UK, has been recognised for his significant contribution to the New Zealand and international business community. He was honoured last night in advance of the 2012 New Zealand CFO Summit and Awards which will take place on 15 March in Auckland, run by Fairfax Media Business Group and Conferenz. "I am very flattered and feel very fortunate to receive this award," says Buchanan. "While most of my work has been conducted overseas, I am still involved with a range of organisations here, including chairman of UK Trustees for the Christchurch Earthquake Appeal. This involves stimulating ideas for UK fundraising and seeking to keep the Christchurch issue alive in the UK."

Buchanan is best known for his 33 year career with BP. He was CFO during BP’s transformational US$50 billion merger with Amoco – the largest industrial merger at the time. He was also recently awarded a knighthood by the Queen in Her Majesty’s New Year Honours 2012 for his services to industry.

The award judges describe Buchanan as an outstanding New Zealander who has achieved extraordinary success at the highest level of international business.

“His early days growing up in Papatoetoe fortified him with a competitive ‘can-do’ attitude that has served him well in his career; from a packer at the Otara freezing works through to the boardrooms of some of the world’s most respected companies. He has a great perspective on business and life and heavily favours humility over hubrism,” says Chye Heng, CFO/executive director of Beca Group.

Buchanan hasn’t forgotten the role his Auckland education played in providing the springboard for his success. He takes time to give back to New Zealand; serving the UK Friends of both the University of Auckland and Auckland Grammar School and sitting on the Advisory Board of the University of Auckland Business School.

“Throughout his career, John has applied himself with passion and dedication to his work. He is also a noted philanthropist and involved with a number of charitable organisations, including the British branch of the fundraising appeal for Christchurch,” says Mr Heng.

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