LONDON, UK: Primary Health Properties announced the appointment of Harry Hyman, Founder and Chief Executive Officer (“CEO”) of PHP, as Non-executive Chairman subject to shareholder approval at, and with effect from the conclusion of, its Annual General Meeting to be held on 24 April 2024.
Harry will succeed Steven Owen who, as previously announced, will remain as Chairman until the conclusion of the 2024 AGM. On 4 September 2023 it was announced that Mark Davies will succeed Harry Hyman as CEO upon the conclusion of the 2024 AGM.
The Board believes that Harry Hyman’s appointment is in the best interests of the Group and all of its stakeholders, particularly as Harry’s knowledge and expertise gained over nearly 30 years in the primary care property sector will continue to be invaluable and highly relevant to the Group’s future success. The Board has determined that the term will be a maximum of three years.
The Board is starting a process to recruit a fourth independent, Non-executive director.
Ian Krieger, Senior Independent Director, commented: “On behalf of the Board I would like to express our thanks to Steven Owen, who will be retiring from the Board at the 2024 AGM after six years as Chairman having previously served for four years as a Non-executive director. Steven has led the Board with great skill and his contribution to the success of PHP has been immense.
“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.”