Media releases

November 14, 2006

Medibank Private appoints new COO

Medibank Private announced today that Bruce Levy has been appointed to the role of Chief Operating Officer (COO) effective as of November 20, 2006.

Bruce joined Medibank Private four years ago and according to Medibank Private Managing Director, George Savvides, has successfully led the fund's transformation to a more sophisticated purchaser of health services on behalf of nearly three million members.

Mr Levy's appointment to COO will also mark the joining of two major divisions within Medibank Private: the Operations Division that oversees sales, marketing and member engagement across a national retail network and call centres; and the Health Services Division that manages in excess of $2.6 billion of purchasing of health services utilised by Medibank Private members.

"We have placed a significant emphasis on strengthening a collaborative organisation and believe it makes sense to bring the responsibilities for members and benefit outlay costs together," said Mr Savvides.

Mr Levy, whose history includes in excess of 15 years in the health sector including senior leadership roles with both public and private service providers, said he was looking forward to the challenge ahead.

"We need to continue to get the balance right with membership value, better management of healthcare costs, teamed with responsible financial performance so we can continue the downward pressure on premium growth," said Mr Levy.

Mr Savvides went on to say, Bruce' appointment has been positively received across the organisation, I congratulate Bruce on his appointment, wish him every success and look forward to working with him as we take Medibank forward into an exciting future.

ENDS

For further information please contact:
Libby Woolnough - Medibank Private
T. (03) 8622 5181 or 0411 659 060
E: libby_Woolnough@medibank.com.au


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