Bupa has appointed Stuart Fletcher, 54, as its new Chief Executive. Stuart will replace Ray King whose retirement was announced earlier this year. Most recently Stuart was President of Diageo International. He worked at Diageo for 26 years and before that held various financial positions at Procter & Gamble. He will join Bupa on 1 March 2012.
Lord Leitch, Bupa's Chairman, said:
I am delighted that Stuart is joining us as Chief Executive. Bupa is a strong brand, with great people and a real appetite for growth.
Stuart has an exceptional international track record. He is the right person to lead Bupa through the next phase of our development. Bupa's international scale, trusted brands and excellent market positions provide many exciting growth opportunities.
The Board and I look forward to working closely with Stuart and welcoming him to his new role.
Stuart Fletcher said:
I'm thrilled to be joining Bupa at such an exciting time in its journey. I am looking forward to building on the legacy of Ray King and his predecessors and to working with the strong, dedicated and talented management teams. Together we will work to deliver great performance and growth and ensure Bupa realises the full possibility of its purpose to help people live longer, healthier, happier lives.
Notes to Editors
Stuart Fletcher was President of Diageo International between 2004-2011 having been President of Key Markets between 2000-2004. Diageo International comprised a wide range of markets, focused on three regional hubs: Latin America and the Caribbean; Africa; and the Middle East and Global Travel (as well as previously including Asia Pacific). Over recent years Diageo International consistently delivered double-digit top and bottom line growth. Stuart has held a number of senior management positions at Diageo, joining the company in 1986, including Global Finance Director of Guinness. Previously Stuart held various financial positions with Procter & Gamble.
Bupa Press Office: +44 (0)20 7656 2454
Steve John, Group Director of Corporate Affairs: +44 (0)20 7656 2234
About Bupa Group
Bupa's purpose is to help people lead longer, healthier, happier lives. A leading international healthcare group, we offer personal and company health insurance, run care homes for older people and hospitals, and provide workplace health services, health assessments and chronic disease management services, including health coaching, and home healthcare.
With no shareholders, we invest our profits to provide more and better healthcare. We are committed to making quality, patient-centred, affordable healthcare more accessible in the areas of wellness, chronic disease management and ageing.
Employing nearly 52,000 people, Bupa has operations around the world, principally in the UK, Australia, Spain, New Zealand and the USA, as well as Hong Kong, Thailand, Saudi Arabia, India, China and across Latin America.
2011 half year results: Group revenues - £3.9bn up 6%; underlying surplus - £247.2.m up 35%. Customer numbers - 10.7m up 1%.
For more information, visit www.bupa.com