Ramsay Health Care Announces CFO Exit, CEO Retirement, and New Executive Roles

• CFO Martyn Roberts resigns after five years; global search underway
• CEO Carmel Monaghan to retire mid-2025 after 27 years with Ramsay
• New operational structure to streamline Australian hospital focus
• Creation of COO and CCO roles to enhance performance and partnerships
• Appointment of Dr Brindan Suresh as Chief Health and Strategy Officer

Leadership Transitions Signal New Chapter

Ramsay Health Care (ASX:RHC) has unveiled significant leadership changes as part of a broader strategic realignment designed to sharpen its focus on the Australian hospital market. CFO Martyn Roberts, who has been instrumental in navigating Ramsay through complex periods including the divestment of the Sime Darby joint venture, has resigned to pursue other opportunities. Meanwhile, Carmel Monaghan, the longstanding CEO of Ramsay Australia, will retire mid-2025 after nearly three decades with the company and five years at the helm of its Australian operations.

Both Roberts and Monaghan will remain during the transition period to ensure continuity, underscoring Ramsay’s commitment to a smooth leadership handover amid evolving industry challenges.

Strategic Realignment to Accelerate Transformation

Under the stewardship of Managing Director and Group CEO Natalie Davis, Ramsay is implementing a streamlined operational structure aimed at strengthening its core Australian hospital business. The new model will see the Australian leadership team report directly to Davis, bringing decision-making closer to frontline hospitals, patients, and staff.

Two new senior executive roles will be created: a Chief Operating Officer (COO) focused on operational excellence, patient and employee experience, and doctor partnerships; and a Chief Commercial Officer (CCO) tasked with managing strategic relationships with private health insurers and innovating healthcare delivery, including mental health and community services integration.

Enhancing Clinical Strategy and Governance

Complementing these changes, Ramsay has appointed Dr Brindan Suresh as Chief Health and Strategy Officer (CHSO). Dr Suresh brings a rare blend of clinical expertise and global healthcare strategy experience, positioning Ramsay to navigate the sector’s rapid evolution while maintaining leadership in clinical governance, quality, and safety.

This strategic evolution aims to deliver improved health outcomes for patients while driving shareholder value through enhanced operational performance and innovation.

Looking Ahead

As Ramsay embarks on this next phase, the company is focused on retaining key leaders and ensuring the Australian team remains aligned on delivering superior patient care and business growth. The phased transition and new leadership appointments reflect a proactive approach to positioning Ramsay for future success amid a dynamic healthcare landscape.

Bottom Line?

Ramsay’s leadership overhaul and strategic refocus set the stage for a transformative chapter in Australian healthcare delivery.

Questions in the middle?

• Who will be appointed as the new CFO and how will they shape Ramsay’s financial strategy?
• How quickly will the new operational structure impact patient outcomes and shareholder returns?
• What innovations will the new Chief Commercial Officer introduce to strengthen insurer partnerships and service delivery?