Karen Penrose

Karen has had an extensive executive career in leadership and CFO roles, mainly in financial services. She is well-versed in financial management, customer outcomes and operating in a rapidly changing regulatory environment which stems from 20 years in banking with Commonwealth Bank and HSBC and eight years as a listed-company CFO.

Karen has been a full-time director since 2014 and is an experienced committee chair of audit and risk. In addition to being a Non-Executive Director of Ramsay, Karen also serves as a RHC appointee to the Board of Ramsay Générale de Santé and member of their Audit Committee. Karen also serves on the Boards of Bank of Queensland, Charter Hall Group and Cochlear. She is a Director of Marshall Investments Pty Limited and, in a voluntary capacity, a Director on Golf Australia’s Risk and Audit Committee.

Karen holds a Bachelor of Commerce from the University of NSW, is a CPA and Fellow of the Australian Institute of Company Directors and member of Chief Executive Women.

In the past three years, Karen has served as a Director of the following listed companies:

• Bank of Queensland (appointed November 2015)
• Ramsay Générale de Santé (appointed February 2021)
• Cochlear Limited (appointed July 2022)
• Charter Hall Group (appointed November 2024)
• Estia Health (resigned December 2023; Estia Health subsequently delisted on 18 December 2023)
• Reece Limited (resigned September 2024)

Committee memberships:

• Audit Committee (Chair)
• Risk Management Committee (Member)

Independence status:

• Independent