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Ramsay Health Care Ltd (RHC.AX)

RHC.AX on Australia Stock Exchange

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24 Mar 2017
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Summary

Name Age Since Current Position

Michael Siddle

2014 Non-Executive Independent Chairman of the Board

Christopher Rex

2008 Chief Executive Officer, Managing Director, Executive Director

Peter Evans

2014 Non-Executive Independent Deputy Chairman of the Board

Bruce Soden

1997 Chief Financial Officer, Group Finance Director, Executive Director

Daniel Sims

2015 Chief Executive Officer - Ramsay Health Care Australia

Craig McNally

2015 Group Chief Operating Officer

John O'Grady

2007 Group General Counsel, Company Secretary

Kerry Roxburgh

72 2016 Lead Non-Executive Independent Director

Ian Patrick Grier

2008 Non-Executive Director

Patricia Akopiantz

51 2015 Non-Executive Independent Director

Roderick McGeoch

1997 Non-Executive Independent Director

Margaret Seale

56 2015 Non-Executive Independent Director

Biographies

Name Description

Michael Siddle

Mr. Michael Stanley Siddle is Non-Executive Independent Chairman of the Board of Ramsay Health Care Limited. He was appointed as Chairman of the Company on 27 May 2014, having formerly been Deputy Chairman for 17 years and a founding director. He has built up significant knowledge of the business and the private hospital industry after starting with the Company in 1968. Mr Siddle has extensive experience in the management of private hospitals and has been integrally involved in Ramsay Health Care’s successful expansion through construction, mergers and acquisitions. He serves as a member of the Company’s Remuneration Committee and is Chair of the Nomination Committee. Mr Siddle was a director of Prime Media Group Limited, one of Australia’s largest regional television and radio operators, from April 1985 to November 2015. Mr Siddle is also a trustee of the Paul Ramsay Foundation. He was Director of Prime Media Group Limited (Retired November 2015).

Christopher Rex

Mr. Christopher Paul Rex has been Chief Executive Officer, Managing Director and Executive Director of Ramsay Health Care Limited. 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 $7 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. Until recently 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.

Peter Evans

Mr. Peter John Evans, FCA, is Non-Executive Independent Deputy Chairman of the Board of Ramsay Health Care Limited., with effect from 28 May 2014. He was appointed as Deputy Chairman of the Company on 27 May 2014, having formerly served as a Non-Executive Director since his appointment to the Board in 1990. Mr Evans began working with Ramsay Health Care in 1969. He is a Chartered Accountant who was in public practice for over 20 years with predecessor firms of KPMG. He has specialised in the financial management of hospitals and has had extensive experience in the health care field for 45 years. Mr Evans is Chairman of both the Company’s Audit and Risk Management Committees and a member of the Remuneration Committee. Mr Evans is also a trustee of the Paul Ramsay Foundation and has been actively involved with several other charitable organisations over many years. He was Director of Prime Media Group Limited (Retired November 2014).

Bruce Soden

Mr. Bruce R. Soden, BComm, CA, MAICD, has been Chief Financial Officer, Group Finance Director, Executive Director of Ramsay Health Care Limited., since January 2, 1997. He is 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 $18.5 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.

Daniel Sims

Mr. Daniel A. Sims is Chief Executive Officer - Ramsay Health Care Australia of the Company. In Australia, Ramsay Health Care is the leading operator of private hospitals with 63 hospitals and 6 day surgeries. Prior to his appointment as CEO, Mr. Sims was the Chief Operating Officer of Ramsay's Australian and Asian operations since 1 July 2008. In this role, he was ultimately responsible for the operating performance and strategic directions of Ramsay's hospital businesses in Australia, Indonesia and Malaysia. Mr. Sims started with Ramsay Health Care in 2003 after emigrating from the United States. He commenced with the Company as Group Financial Controller-Hospital Operations before moving to operational management as the New South Wales (NSW) State Operations Manager on 1 July 2006. Prior to coming to Australia in 2003, Mr Sims was a health care financial executive for a variety of companies between 1990 to 2003, including Ramsay Health Care, Inc., a publicly-traded company specialising in inpatient and outpatient mental health treatment across the United States. Prior to 1990, Mr. Sims worked as an auditor with Ernst & Young for nine years, specialising in audit services to hospitals. Mr. Sims has been a Board member of The Australian Private Hospital Association (APHA) since 2007. He is currently the Vice-President of the APHA and Chairman of the APHA Policy and Advocacy Task Force. Mr Sims is also a Board member of Ramsay Sime Darby Health Care.

Craig McNally

Mr. Craig R. McNally is Group Chief Operating Officer of the Company. Mr. McNally has had a variety of roles and responsibilities in over 26 years with the Group following a number of years working in in both the public and private health sectors in Australia. Mr McNally has led Ramsay's growth strategy through a period which has seen the company increase in size more than 10 times over the past decade. This included capacity expansion of the existing portfolio, greenfield developments and acquisitions, most significantly the company-transforming acquisitions of Affinity Health Care, Capio UK, Ramsay Santé, Ramsay Sime Darby and Générale de Santé. Mr McNally has direct responsibility for Ramsay's UK and Asian operations and the overall Group Strategy as well as broader responsibilities across the group. In July 2013 Mr McNally was appointed as a Director of Ramsay Sime Darby Health Care, a JV company which operates hospital throughout Asia, in which Ramsay Health Care has a 50% interest alongside its' partner Sime Darby (a Malaysian company). In October 2014, Mr McNally was appointed as a Director of Générale de Santé, a publicly listed hospital operator in France in which Ramsay Health Care (UK) Limited has an interest.

John O'Grady

Mr. John D.C. O'Grady, LLB, FAICD, has been Group General Counsel and Company Secretary of Ramsay Health Care Limited., since January 23, 2007. He 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 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.

Kerry Roxburgh

Mr. Kerry C.D. Roxburgh, BComm, MBA, MESAA, has been Lead Non-Executive Independent Director of Ramsay Health Care Limited. He is a Practitioner Member of the Stockbrokers Association of Australia. He is currently the Lead Independent non-executive Director of Ramsay Health Care Ltd, and a non-executive director of the Medical Indemnity Protection Society and of MIPS Insurance Ltd. He is Chairman of Eclipx Group Limited and of Tyro Payments Ltd. He is also a member of the Advisory Board of AON Risk Solutions in Australia. In 2000 he completed a 3 year term as CEO of E*TRADE Australia (a business that he co-founded in 1997), becoming its nonexecutive Chairman until June 2007, when it was acquired by the ANZ Bank. Prior to this appointment he was an Executive Director of Hong Kong Bank of Australia Group (now HSBC Australia Ltd) where for 10 years from 1986, he held various positions including Head of Corporate Finance and Executive Chairman of the group’s stockbroker, James Capel Australia. Until 1986 Mr Roxburgh was in practice for more than 20 years as a Chartered Accountant. Until 31 December 2015, he was Chairman of Tasman Cargo Airlines Pty Ltd and Deputy Chairman of Marshall Investments Pty. Ltd. In addition to Ramsay Health Care Limited, during the last three years Mr Roxburgh also served as a director of the following listed companies: Eclipx Group Limited (Appointed March 2015) (Currently Chairman) and Charter Hall Limited (Retired November 2014).

Ian Patrick Grier

Mr. Ian Patrick (Pat) Stewart Grier, AM, MAICD, has been Non-Executive Director of Ramsay Health Care Limited since July 1, 2008. Mr Pat Grier has been employed as an executive in the private health care industry for more than 20 years. In June 2008, he retired as Chief Executive Officer of Ramsay Health Care Limited after joining the Company in 1988 and serving at the helm since 1994. During this time, he oversaw the successful float of Ramsay Health Care Limited on the Australian Stock Exchange in 1997 and growth in annual revenues from approximately $200 million to more than $3 billion (2008 financial year). He oversaw a series of successful transforming acquisitions which saw Ramsay Health Care Limited grow to become one of Australia’s most respected and largest private hospital operators. Prior to joining Ramsay, he was with Hospital Corporation Australia. He has served as both President and Chairman of the Australian Private Hospitals Association for over 10 years and sits on a number of industry committees. He has been one of the main architects of the balanced health care system in Australia and for his contribution to the health care sector was awarded the Order of Australia. Mr Grier served as an Executive Director on the Ramsay Health Care Board for 12 years and from 1 July 2008 continues as a non-executive Director. Mr Grier was also a director of Careers Australia Group Limited until October 2013. Mr Grier is a member of the Skin Cancer Network Advisory Board. He was previously Chairman of the Domain Principal Group. He was Director of Estia Health Limited (Chairman, Appointed November 2014) and Prime Media Group Limited (Retired November 2014).

Patricia Akopiantz

Ms. Patricia Elizabeth Akopiantz is Non-Executive Independent Director of Ramsay Health Care Limited., since 28 April 2015. Ms Akopiantz has over 30 years’ experience in consumer-facing businesses in Australia and overseas. She has been a nonexecutive director for the last 14 years and has served on numerous boards including Coles Group, AXA Asia Pacific and Energy Australia. Previously, she was with McKinsey & Company where she helped lead the Retail and Consumer Goods Practice and advised a range of clients on strategy. Her executive career included roles as General Manager Marketing at David Jones and Vice President for an American apparel manufacturer. She has an MBA from Harvard Business School. In addition to Ramsay Health Care, Ms Akopiantz currently serves as the Chairman of AMP Bank Limited and as a non-executive director on the Board of AMP Limited. She is also Chairman of AMP’s People and Remuneration Committee and a Member of AMP Limited’s Nominations and Governance Committee. She is Director AMP Limited (Appointed March 2011).

Roderick McGeoch

Mr. Roderick (Rod) Hamilton McGeoch, AO, LLB, MAICD, has been Non-Executive Independent Director of Ramsay Health Care Limited., since July 3, 1997. He is a past Chairman of Corrs Chambers Westgarth, a leading Australian law firm and has been a solicitor for 40 years. He was Chief Executive of Sydney's successful bid for the 2000 Olympic Games and served on the Sydney Organising Committee for the Olympic Games until November 1998. Mr McGeoch is also a past Chairman of Sky City Entertainment Group Limited. Currently Mr McGeoch is Chairman of Vantage Private Equity Growth Limited and Mediaworks Limited in New Zealand, and is also Deputy Chairman of the Sydney Cricket & Sports Ground Trust. Mr McGeoch also holds a number of honorary positions. In 1990 he was awarded Membership of the Order of Australia for services to Law and the Community and in 2013, also awarded an Officer of the Order of Australia for distinguished service to the Community through contributions to a range of organisations and to sport, particularly through leadership in securing the Sydney Olympic Games. Mr McGeoch is Co-Chairman of the Australian New Zealand Leadership Forum and is also a director of Destination NSW. In January 2013, Mr McGeoch was appointed Honorary Consul General of Luxembourg in Australia. He is Director of BGP Holdings Plc Malta and BGP Investment S.a.r.l Luxembourg (Appointed November 2009) (Currently Chairman) and Sky City Entertainment Group Limited (Appointed September 2002) (Resigned October 2014).

Margaret Seale

Ms. Margaret Leone (Margie) Seale is Non-Executive Independent Director of Ramsay Health Care Limited., since 28 April 2015. Ms Seale is a Non-Executive Director and serves as a member of the Risk Management Committee. She also has current directorships at Telstra Corporation Limited, Bank of Queensland Limited and Scentre Group Limited and is Chair of Penguin Random House Australia and New Zealand. She is a member of the Audit Committee for Telstra, a member of each of the Technology and Remuneration Committees for Bank of Queensland and a member of each of the Audit and Risk and Human Resources Committees at Scentre Group. Ms Seale is a professional non-executive director with 25 years’ experience in senior executive roles in Australia and overseas in the global publishing, health and consumer goods industries, doing business in Asia and across multinational markets. In her most recent executive role, Ms Seale was Managing Director of Random House Australia and New Zealand and President, Asia Development for Random House globally. She stepped down from Random House in November, 2012. During her time at the helm, the publishing industry transitioned from an entirely print world to a mixed print and digital environment. Prior to this she held national sales and marketing roles in a number of industries. Ms Seale was educated at the University of Sydney. During the last three years, Ms Seale has also served as a Director of the following listed companies: Telstra Corporation Limited (Appointed May 2012); Bank of Queensland Limited (Appointed January 2014); and Scentre Group Limited (Appointed February 2016).

Basic Compensation

Name Fiscal Year Total

Michael Siddle

717,452

Christopher Rex

13,669,000

Peter Evans

467,193

Bruce Soden

6,146,180

Daniel Sims

3,841,050

Craig McNally

3,803,030

John O'Grady

--

Kerry Roxburgh

339,343

Ian Patrick Grier

301,619

Patricia Akopiantz

304,657

Roderick McGeoch

325,965

Margaret Seale

301,619
As Of  29 Jun 2016