Former Employee Pleads Guilty to Charges
Stock Exchange Announcement
STOCK EXCHANGE LISTINGS: NEW ZEALAND (FPH), AUSTRALIA (FPH)
Former Employee Pleads Guilty to Charges
Auckland, New Zealand, 22 March 2017 - Fisher & Paykel Healthcare Corporation Limited
advises that a former employee appeared in the Auckland District Court today and pleaded
guilty to charges laid by the Serious Fraud Office (SFO), in relation to actions taken while an
employee of Fisher & Paykel Healthcare.
Simon Hall, a former Area Sales Manager for the company, pleaded guilty to three charges
relating to a total of $213,000 in unlawful payments. Mr Hall pleaded guilty to one Crimes Act
charge of obtaining by deception and two charges under section 8 of the Secret
Commissions Act for receiving a secret reward for procuring a contract.
When the company became aware in 2014 of issues relating to the management of two
Middle East distributors the company, with the assistance of a third party, conducted an
internal investigation. Following the outcome of the investigation, Mr Hall was dismissed for
misconduct and the matter was referred to the SFO.
“We are disappointed with what has occurred. Fisher & Paykel Healthcare does not tolerate
this type of behaviour and, following an independent review, we are confident in our systems
to prevent a recurrence,” said Tony Barclay, Chief Financial Officer.
A copy of the announcement made today by the SFO is available at the following link:
https://www.sfo.govt.nz/news
About Fisher & Paykel Healthcare
Fisher & Paykel Healthcare is a leading designer, manufacturer and marketer of products and
systems for use in respiratory care, acute care, surgery and the treatment of obstructive
sleep apnea. The company’s products are sold in over 120 countries worldwide. For more
information about the company, visit our website www.fphcare.com.
Ends
Contact:
Investors:
Marcus Driller
General Manager Corporate
marcus.driller@fphcare.co.nz
+64 (0) 27 578 9663
Media:
Rachel Reynolds
Senior Communications Manager
rachel.reynolds@fphcare.co.nz
+64 (0) 21 713 911
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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