The Chairman of Medibank, Paul McClintock AO, has announced that Medibank Managing Director, George Savvides, has been re-appointed for a further five years, effective from 12 March.
Now entering his eleventh year as Managing Director of Medibank, Mr Savvides has overseen a number of key changes and developments during his time at the organisation. Key to this was Medibank's move to a for-profit and tax paying entity, one of the first Government Business Enterprises to make this transition.
Importantly, Mr Savvides also spearheaded the company's transformation from a health insurer to a health services and insurance organisation, with the acquisition and consolidation of Total Health, Carepoint, McKesson Asia-Pacific and the former Health Service Australia into Medibank Health Solutions. Additionally, the company has also expanded its insurance offerings, with the acquisition of ahm Health Insurance, as well as incorporating travel, pet and life into the insurance portfolio.
Medibank Chairman, Paul McClintock, says the reappointment of Mr Savvides as Managing Director was unanimously supported.
"The management at Medibank, led by Mr Savvides, has continued to perform exceptionally, with Medibank delivering its best financial performance in its 35 year history last financial year.
"Mr Savvides has led the growth and strong performance of Medibank, and will ensure momentum continues so that we can deliver increased customer value in the future," Mr McClintock said.
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