MediVac Strengthens Board
Healthcare solutions company MediVac Limited [ASX: MDV] is pleased to inform the market that it has strengthened its Board with the appointment of the Hon. Reba Meagher and Helen Owens as Non Executive Directors of the Company.
Ms Reba Meagher BA MLLR GAICD is currently the Chief Executive Officer of the Sisters of Charity Foundation. The Foundation's purpose is to support works and programs that benefit the poor and marginalised in the community. Ms Meagher was a Member of the NSW Parliament from 1994-2008 and served as a Cabinet Minister for more than five years. She ran several portfolios including Health, Community Services, Aboriginal Affairs, Fair Trading and Commerce. Ms Meagher has a Bachelor of Arts and a Masters of Labour Law and Relations from the University of Sydney and was recently awarded the Diploma by the Australian Institute of Company Directors.
Ms Helen Owens B.Ec (Hons), M.Ec is an economist with extensive experience in the health sector. She is currently a member of the Victorian Southern Health Network Board and the Victorian Cancer Agency. She provides health consulting services, both individually and in association with accounting firm PricewaterhouseCoopers, to a range of clients including Commonwealth and state governments. Ms Owens' previous roles include Commissioner, Productivity Commission (1993 to 2006) and member, Commonwealth Grants Commission (2004 to 2006). In the former position she directed major national inquiries and research across many sectors of the Australian economy on behalf of the Commonwealth Government, including into Research and Development in Australia, the pharmaceuticals industry, the medical and scientific equipment industries, private health insurance, general practice, and advances in new medical technologies. Ms Owens was expert strategic consultant to the Victorian government on national health reform for five years from 2005. Ms Owens has sat on the CSIRO Health Sector Advisory Council, Australian Health Technology Advisory Committee, Economics Sub-Committee of the PBAC, and Royal Melbourne Hospital boards. Ms Owens is a recipient of the Centenary Medal for services to Australian Society and the Economy.
MediVac Executive Chairman, Mr Paul McPherson, welcomed the appointments of both Ms Meagher and Ms Owens. "As we move towards a stronger focus on commercialisation, it is imperative that we bring additional skills to the Board. Reba and Helen bring extensive government and healthcare skills and experience and these will be great assets to MediVac as we enter this exciting phase of our development. I look forward to working with them both."
Coincident with the above appointments Mr Stephen Copulos will stand down as a Non Executive Director of the Company to focus on his extensive and expanding private interests. Mr McPherson thanked Mr Copulos for his commitment and dedication to the Company over the past three years. "On behalf of the Directors and all shareholders, I thank Stephen for his support as major shareholder, particularly in providing the base financial footing for the Company. We wish him well in his ongoing ventures."
The above changes will be effective from February 1, 2011.
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