Bupa Health Insurance has announced their new CEO, after Ray Kings retirement was announced earlier this year.
Stuart Fletcher, 54, will take up the position as of March 1, 2012. Fletcher most recently worked as President of Diageo International. He has worked at Diageo for 26 years and before that held various financial positions at Procter & Gamble.
Chairman of Bupa, Lord Leitch, 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.”
Fletcher added, “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.”
Bupa is one of the worlds largest healthcare organisations with over 50,000 employees and almost 11 million customers. Their 2011 half yearly results reported group revenue of GBP3.9 billion.
