RAMSAY Health Care's long-serving Managing Director and Group CEO, Craig McNally, will retire at the end of Jun 2025, the company confirmed on ASX.
The Ramsay Board has appointed Natalie Davis (pictured) as Group CEO-elect, starting 01 Oct, to work with McNally for an orderly transition before she becomes the company's Managing Director and Group CEO later this year.
Davis, formerly Managing Director for Woolworths Group's supermarket division, is recognised as a senior executive with extensive experience in driving large-scale strategic transformation.
Ramsay Chair David Thodey said, "in carefully weighing Ramsay's performance and strategy, the Board made a conscious decision to select a proven and dynamic leader who has successfully mastered large-scale business transformation during periods of uncertainty and market disruption".
Thodey praised Davis' business acumen and her ability to manage industry-wide changes.
"Natalie's strategic outlook and experience makes her exceptionally well-suited to progress Ramsay's strategy and skilfully accelerate our growth," Thodey commented.
Thodey also acknowledged McNally's significant contribution in "managing substantial change and building an experienced and resilient leadership team".
McNally will remain as Chair of Ramsay until Jun next year to support a smooth transfer of executive responsibilities.
Davis will immerse herself in Ramsay's operations and markets across Australia, Europe, and the UK during the transition period. JG
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