LHC: LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Changes to the board of directors Changes to the board of directors LIFE HEALTHCARE GROUP HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 2003/002733/06) ISIN: ZAE000145892 Share Code: LHC ("Life Healthcare" or the "Company" or "the Group") CHANGES TO THE BOARD OF DIRECTORS The board of directors of Life Healthcare ("the Board") wishes to announce that after three years as Chief Executive Officer ("CEO") of Life Healthcare, the board and André Meyer have decided that he will step down as CEO and as a member of the Board with effect from 30 June 2017. When André was appointed as CEO in 2014, his mandate was to drive diversification across both territories and practice areas in order to meet the demands of a changing healthcare environment. Today, the Group enjoys a presence in India, Poland and across 10 European countries, which collectively delivers almost 20% of the Group´s EBITDA. It is at this juncture, and after nearly 20 years in the healthcare industry, that André has decided to change course and focus on new opportunities. "I have enjoyed the challenges and opportunities afforded to me during my tenure as CEO. The Group now enjoys a global footprint and investments in a broader range of strategic services outside of the acute care market and is well positioned across the full continuum of healthcare service delivery." The board would like to thank André for his contribution over the last three years and wishes him well in his future endeavours. The Board has appointed Pieter van der Westhuizen, the current Chief Financial Officer ("CFO"), as the acting CEO. He has been with Life Healthcare for 18 years and has been the Group CFO for the last 4 years. The Group has a capable and experienced management team in place and Pieter will lead an Operational Executive Board comprising Lourens Bekker (CEO for Southern Africa), Guy Blomfield (Alliance Medical CEO), Hubert Bojdo (Scanmed CEO), Adam Pyle (Group Executive responsible for Strategy) and Dr Charles Niehaus (Alliance Medical CMO). The Operational Executive Board will be responsible for the operational delivery across the Group and the delivery of the combination of benefits of Life Healthcare and Alliance Medical. The recruitment process to find a suitable CEO with relevant experience has commenced. Illovo 12 June 2017 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 12/06/2017 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
Source: JSE News Service (SENS)
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