SYDNEY: Medibank Private Limited announced that Craig Drummond will retire as Chief Executive Officer on 30 June 2021.
Appointed in July 2016, Drummond said that leading Medibank had been an incredible privilege.
“We have vvorked hard to provide our customers with greater value, we have built a health and wellbeing platform and have driven change to ensure greater resilience and choice in the private healthcare system While there will always be more to do, I am very proud of what we have achieved over my tenure at the company,” Drummond said.
“For the first time since 2013 the Medibank brand has grown the number of customers, while group policyholder numbers grew at in excess of 5% annualised in the six months to 31 December.
“Pleasingly Medibank is on a clear strategic path to grow the private health insurance business at a faster rate and continue the transformation into a broader healthcare company.
Medibank Chairman Mike Wilkins said, “The Board will now begin the process of appointing a new CEO. This will include consideration of both internal aand external candidates. While Craig will remain as CEO until 30 June, I would like to take this opportunity on behalf of the Medibank Board, our shareholders, our people and our customers to extend my thanks to Craig for his stewardship of the company, overseeing a period of change, and transition in the sector.”