# NMC Health Joint Administrators announce the formation of a new Board of Directors

- Link: https://www.directorstalkinterviews.com/nmc-health-joint-administrators-announce-the-formation-of-a-new-board-of-directors/412812325
- Published: 2020-04-14T07:15:06+01:00
- Author: Amilia Stone

Richard Fleming, Mark Firmin and Ben Cairns of Alvarez & Marsal Europe LLP, the 
Joint Administrators of **NMC Health PLC** (LON:NMC), today announced the formation
of a new Board of Directors. The immediate priority of the new Board is working 
with the Administrators to implement corporate governance changes in the Group.

The Administrators have appointed four new Non-Executive Directors with broad international
restructuring experience to provide more robust governance and oversee the work 
with the management teams in the individual NMC businesses.

The previous Board of Directors ceased to have decision making powers with the appointment
of the Administrators and have now all been removed from the Board.

The Administrators were appointed to NMC PLC by the High Court of England and Wales
on 9 April 2020 following a petition presented by Abu Dhabi Commercial Bank, one
of NMC’s largest creditors. The Administration applies only to NMC Health PLC, the
holding company of the largest private healthcare group in the UAE.

The Administrators’ primary objective is to ensure the continuity of patient care,
stability for staff and suppliers, and immediate financial security for NMC PLC’s
operating companies. The operating entities are unaffected by the Administrators’
appointment and current activities will continue at NMC’s hospitals, medical centres,
care facilities and other services.

The new Non-Executive Directors are Eli Chahin, Christopher Hall, Myles Halley and
Philip Gore-Randall:

–     Eli Chahin has more than 25 years of experience specialising in banking, management
consulting and specifically financial restructurings across Europe and the Middle
East. He has held various senior roles with ANZ Bank, Standard Chartered and AlixPartners
where he has recently served as a Senior Advisor. He has held a number of Board 
appointments, including the Al Jaber Group, and currently serves on the Board of
Bowleven PLC.

–     Christopher Hall has worked in international business and the law for more
than 30 years. He has also chaired and sat on the boards of several public and private
companies. He is the Managing Partner of Oxford Investment Consultants, an advisory
firm that identifies and invests in innovative technology companies being spun out
of UK universities. Until 2017 he was a senior finance partner at Latham & Watkins,
the global law firm.

–     Myles Halley is a specialist in business transformation and restructuring.
He is Chairman of a number of business including Airhop UK, operator of trampoline
parks and William Davis, the housebuilder. He was previously a Senior Partner at
KPMG and headed the firm’s restructuring practice in Australia.

–     Philip Gore-Randall is a Chartered Accountant and former global COO of Arthur
Andersen. He now chairs and advises several international groups including a leading
forensic accounting firm, a healthcare services provider in Hong Kong and several
businesses with significant operations in the Middle East. At the beginning of the
global financial crisis he joined the Board of HBOS plc as COO where his roles included
chairing the crisis management committee and leading the bank’s initial integration
with Lloyds Bank. 

Michael Brenden Davis remains in post as Interim Chief Executive Officer and Chief
Operating Officer but does not sit on the PLC Board; Simon Watkins remains Group
Company Secretary. Nirman Shetty, Chief Operating Officer Distribution has left 
the business.

The following were removed from the Board: Faisal Belhoul, Ayesha Mohammed, Jonathan
Bomford, Patrick James Meade, Salma Ali Saif Bin Hareb and Tarek Alnabulsi.

> **Richard Fleming, Joint Administrator of NMC Health PLC, said:**
> “We formed a new Board with extensive restructuring experience to ensure more 
> robust standards of governance in NMC Health. The Board has already met to begin
> the detailed work necessary to create the governance platform in the Group supporting
> real stability for NMC’s operating businesses.
> “Our immediate focus is also to work with the management teams in the operating
> companies to ensure that NMC’s doctors, nurses and care workers have everything
> they need, every day, as they work tirelessly to ensure continuity of care for
> patients, which is especially important as the world fights the COVID-19 pandemic.”

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