Ramsay Health Care Announces Appointment Of New CEO
Mar 28, 2017
Michael Siddle, Chairman of Ramsay Health Care (Ramsay), has announced the appointment of its Chief Operating Officer, Craig McNally, as the Company’s new Managing Director and Chief Executive Officer, succeeding Chris Rex, who announced his planned retirement in February. Mr McNally’s appointment will be effective from 3 July 2017.
Mr McNally is one of Ramsay’s longest serving senior executives, having commenced with the Company in 1988. He has served seven years as Chief Operating Officer and 22 years prior to this in various roles including Head of Global Strategy and European Operations.
Since 1995 Craig has spearheaded Ramsay’s growth strategy including $1.5B brownfield expansions, international market assessment, the acquisition of over 200 hospitals globally and the development and successful implementation of new business strategies. During the past decade he has also led the successful expansion of the Company’s operations in the United Kingdom and Europe, which currently deliver 46% of the Group’s revenue.
Announcing the appointment, Chairman Michael Siddle said Craig is an outstanding choice to lead the Company and his appointment was the culmination of a CEO succession planning process involving a comprehensive global search.
“Craig has a long and extensive track record in health care management both in operations and in strategic development. He has played a pivotal role in all major acquisitions and developments completed by Ramsay for over two decades,” Mr Siddle said.
“The Board has the highest regard for his leadership abilities, sound judgment and insight as well as his skills in assessing business opportunities – this has been instrumental to our success both domestically and internationally.
“In considering this appointment, the Board was determined to ensure the Company’s long term successful strategy and its culture are maintained, whilst growing the business in existing and new markets. Craig’s experience makes him the standout candidate to preserve the capabilities that have underpinned Ramsay’s success, whilst continuing to identify and pursue opportunities that could unlock future growth.”
Of his appointment Mr McNally said: “I am very excited to lead this Company in which I have worked for almost 30 years. We are a great Australian company - one of a few that has achieved enormous success on the global stage – and now, thanks to Paul Ramsay’s legacy, one that gives a significant part of our profits back to charity through the Paul Ramsay Foundation.
“My vision is to continue to see Ramsay develop as a leading health service provider globally. To this end, I intend to carry on with our successful growth strategy in hospital acquisitions and developments as well as strategic developments beyond the hospital walls. We also must remain focused on the provision of the highest quality care to patients through investment in our facilities, equipment and the professional development of our staff,” Mr McNally said.
In making the announcement, Mr Siddle acknowledged the exceptional contribution Mr Rex has made to Ramsay: “Chris has been an outstanding Managing Director. Under his leadership, Ramsay has grown to become an internationally successful healthcare company – one of the top five hospital operators in the world – employing over 60,000 people worldwide and treating over three million patients each year.
“He leaves us with a strong and robust company and we are immensely thankful for his contribution,” Mr Siddle said.
Mr Rex said about the appointment of Mr McNally: “I am delighted to be handing the reins over to Craig. I have worked side-by-side with Craig for over two decades and am confident that he will be an excellent Managing Director. Ramsay under Craig’s leadership is well positioned to pursue new levels of success.”