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Primary Health Properties PLC - London-based healthcare facility investor - Names Harry Hyman, founder & chief executive, as non-executive chair subject to shareholder approval at its annual general meeting on April 24. Hyman will succeed Steven Owen, who will serve as chair until the conclusion of the AGM. Primary Health announced early in September that Mark Davies will succeed Hyman as CEO upon the end of the AGM. Says Hyman's appointment is in the best interests of the company and all of its stakeholders. Says his term will be a maximum of three years. The company starts a process to recruit a fourth non-executive director.
Ian Krieger, senior independent director, says: "I am delighted that Harry has agreed to succeed Steven as chairman and together with our new CEO Mark Davies, chief financial officer Richard Howell, and chief investment officer David Bateman, Primary Health Properties will have in place a formidable leadership team that will continue to build on the success of the business."
Current stock price in London: 91.72 pence, up 0.9% on Thursday
12-month change: down 19%
Current stock price in Johannesburg: ZAR50.00
12-month change: listed on JSE last month
By Artwell Dlamini, Alliance News reporter
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