LHC: LIFE HEALTHCARE GROUP HOLDINGS LIMITED - Changes to the board of directors

2017-06-12 08:00:00
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)
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