Source - RNS
RNS Number : 6906I
Georgia Healthcare Group PLC
21 June 2017
 

   London, 21 June 2017

 

 

 

 

GHG announces a new appointment to its Board of Directors

 

 

Georgia Healthcare Group PLC ("GHG" or the "Group") announces a new appointment to the Board of Directors (the "Board") with immediate effect.

 

William ("Bill") Huyett has joined the Board as an independent non-executive director. He has also been appointed as a member of the Clinical Quality and Safety Committee and will join the Supervisory Board of JSC GHG.

 

"I am happy to welcome Bill to our Board of Directors. Bill brings with him strong knowledge and experience in healthcare sector that we believe will be a valuable addition to the current skill mix within the Board. I am confident he will make a great contribution to the Group, building value for shareholders. We are also pleased to increase the number of independent non-executive directors in the Board, in line with our commitment to high standards of corporate governance" - commented Irakli Gilauri, Chairman of the Board of Directors.

 

 

 

Mr. Huyett is a Director Emeritus of McKinsey and Company, Inc. During his 28-year career there, he served clients in health care and other technology-intensive industries. He currently serves on the boards of Rockefeller University (Member of the Technology Transfer committee), the University of Virginia Darden School Foundation (Chair of Nominating and Governance), the National Parks Conservation Association, and the Concord Museum, where he served as Treasurer. He is Vice-Chair of the Board of the Greater Boston YMCA. He recently retired from the boards of McKinsey and Company (where he chaired the Finance Committee), and the Marine Biological Laboratory (Woods Hole), where he served as Vice-Chair. Prior to joining McKinsey, Mr. Huyett held a variety of line management positions in the automation industry with Rockwell/Allen-Bradley.

 

There are no other details that are required to be disclosed in respect of the appointment of William Huyett under 9.6.13R of the Listing Rules of the Financial Conduct Authority.

 

Name of authorised official of issuer responsible for making notification:

Ekaterina Shavgulidze, Head of Investor Relations

 

About Georgia Healthcare Group PLC

Georgia Healthcare Group PLC is a UK incorporated holding company of the largest healthcare services provider in the fast-growing, predominantly privately-owned, Georgian healthcare services market. GHG's leadership position is underpinned by offering the most comprehensive range of inpatient and outpatient services targeting the mass market segment through its vertically integrated network of 35 hospitals and ten ambulatory clusters (consisting of 13 district ambulatory clinics and 28 express ambulatory clinics), as at 31 March 2017. GHG is the single largest market participant, accounting for 23.4% of total hospital bed capacity in the country, as of 31 March 2017. From January 2017, GHG become the largest pharmaceuticals retailer and wholesaler in Georgia, with approximately 29% market share based on 31 December 2015 revenue figures.  GHG is also the largest provider of medical insurance in Georgia with a 35.3% market share based on net insurance premiums earned and approximately 135,000 insurance customers as at 31 March 2017. GHG employed a total of c.14,600 people as at 31 March 2017, including c.3,300 physicians.

 

For further information, please visit www.ghg.com.ge or contact: 

Nikoloz Gamkrelidze

Irakli Gogia

Ekaterina (Eka) Shavgulidze

CEO

CFO

Head of Investor Relations

+995 322 550505 (5077)

          +995 322 550505 (5088)

         +995 322 444 205

[email protected]

          [email protected]

          [email protected]

 

 

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy any securities

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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