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Ramsay Health Care Limited Annual Report 2016

Board of Directors…continued 14 RAMSAY HEALTH CARE LIMITED John D C O’Grady LLB FAICD GROUP GENERAL COUNSEL & COMPANY SECRETARY – Appointed 23/01/07 Mr John O’Grady has a background as a corporate and commercial lawyer and is admitted to practice in New South Wales. He is a Fellow of the Australian Institute of Company Directors (AICD). He has served as a non-executive director of a number of boards, including the Defence Housing Authority (DHA) and the Major Events Board in South Australia. Prior to joining Ramsay in January 2007, he was in private practice with a strong corporate governance focus and experience in contract negotiation, finance and corporate law. Mr O’Grady heads up the Global Legal team and has responsibility for coordinating Risk Management throughout the Group. He also provides input into all major acquisitions of the Ramsay Group globally and advises the Board and Executive on corporate governance. Mr O’Grady also has Group responsibility for all company secretarial functions, including liaising with the ASX, ASIC and other regulatory bodies. Christopher P Rex CEO & MANAGING DIRECTOR – Appointed 01/07/08 Mr Chris Rex is Managing Director and Chief Executive Officer of Ramsay Health Care (Ramsay) having assumed this role on 1 July 2008 after 13 years as Chief Operating Officer of the Company. Mr Rex has played a key role in developing the Company’s excellent record in hospital management and his ability to run hospitals efficiently and effectively is widely acknowledged. Chris has been instrumental in setting Ramsay’s growth strategy, a strategy which has seen the Company’s revenues expand to over $8 billion and included the transformational acquisition of Affinity Healthcare in 2005 and Ramsay’s subsequent growth overseas in Europe, the UK and Asia. In addition to its market leading position in Australia, Ramsay is now the largest operator of private hospitals in France, and is ranked in the top five hospital operators in the world by revenue and market capitalisation. Prior to joining Ramsay Health Care in 1995, Mr Rex worked as a manager in the public health service in the United Kingdom and subsequently moved into the private sector where he worked for BUPA, the UK’s largest Health Insurer. In 1988, he moved to Australia, as General Manager of Macquarie Hospital Services. Mr Rex is the former President of the Australian Private Hospitals Association (APHA) the peak body representing private hospitals in Australia. He was a Board member of the Schizophrenia Research Foundation and also a Director of Football Federation Australia and Sydney FC. Mr Rex is Chairman of Ramsay Générale de Santé, a publicly listed hospital operator in France in which Ramsay Health Care (UK) Limited has a controlling interest. He is also a member of the Board’s Risk Management Committee. Bruce R Soden B.Comm CA FAICD CFO & GROUP FINANCE DIRECTOR – Appointed 02 /01/97 Mr Bruce Soden, a chartered accountant, is Group Finance Director and Chief Financial Officer of the Company, a role he has held since early 1997. Mr Soden is responsible for all financial operations and corporate governance functions of the business including treasury, banking and finance, legal and company secretariat, investor relations and group accounting and taxation. Over his extensive time with the Group, Mr Soden has led the company’s capital management strategy through many critical milestones including the acquisition of the privatised Department of Veteran Affairs hospitals Hollywood (1994) and Greenslopes (1995), Ramsay’s listing on the ASX in 1997, the company-transforming acquisition of Affinity Health Care in 2005 and all debt and equity raisings. Since listing and under Mr Soden’s financial leadership, Ramsay’s enterprise value has grown from under $400 million in 1997 to in excess of $18 billion currently. Mr Soden is also a member of the Board’s Risk Management Committee. Mr Soden is a Director of Ramsay Générale de Santé, a publicly listed hospital operator in France in which Ramsay Health Care (UK) Limited has a controlling interest and he is also a Director of Ramsay Sime Darby Health Care, the Company’s joint venture with Sime Darby. Prior to being appointed Group Finance Director in 1997, Mr Soden was Finance Director and Chief Financial Officer of Ramsay’s operating entities. Prior to that he spent four years based in New Orleans as Director and Senior Vice President of Ramsay Health Care Inc, a listed US health care company. Before joining Ramsay in 1987, Mr Soden was a financial consultant for a major global accounting firm for 11 years.


Ramsay Health Care Limited Annual Report 2016
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