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Ryman Appoints First Australian Director

Ryman Healthcare announced today the appointment of George Savvides as its first Australian director.

Mr Savvides is Managing Director of Medibank, Australia’s largest health insurer. He is also Chair of World Vision Australia and is a member of the Australian Institute for Population Ageing Research.

“We are delighted that George has accepted our invitation,” said Ryman chairman Dr David Kerr.

“George brings to the Board over 20 years of healthcare experience, in both the commercial and the public sectors. His local expertise will be invaluable as we seek to establish ourselves in the Australian market.”

Under George’s leadership, Medibank has enjoyed record membership growth and strong financial performance. Medibank’s revenue has grown to over AU$5 billion per annum, with a customer base of 3.7 million people.

George joins the Board as a non-executive independent director.

Construction is underway on Ryman’s first Australian village in the Melbourne suburb of Wheelers Hill.

Last year the company lifted its build rate in New Zealand to 700 retirement units and aged care beds.

Statistics NZ estimates the number of New Zealanders aged 75 plus will more than double to 538,000 over the next twenty years. In Australia the outlook is similar, with the number set to double to 2.8 million.

Established in 1984 Ryman has become one of NZ’s largest listed companies. The company currently owns 25 villages in New Zealand and serves over 7,000 residents. Each village offers a combination of retirement living and aged care.