Healthscope: Gordon Ballantyne to succeed Robert Cook as CEO/MD

Company News

by Jessica Amir

Healthscope Limited (ASX:HSO) has announced Gordon Ballantyne will replace Robert Cook as the company’s Managing Director and Chief Executive Officer effective from 15 May 2017.

Incoming Gordon Ballantyne was previously a Group Executive of Telstra (ASX:TLS), where he led a large scale cultural transformation that grew the retail business to $18 billion.

The private hospital and medical centre operator says Gordon Ballantyne also helped Telstra deliver years of double-digit revenue growth, while he also founded Telstra Health.

Outgoing CEO and MD Robert Cook has been with Healthscope for over six years and also led the company to more than double its EBITDA from the 2011 to 2016 to $408 million

Shares in Healthscope Limited (ASX:HSO) are trading 2.6% lower to $2.21
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter.