George Savvides

George Savvides (born 20 October 1956)[1][2] is an Australian businessman. Between 2002 and 2016 he was the Managing Director of Medibank Private Limited.

Education

George Savvides is the son of Greek Cypriot parents who arrived in Australia in 1950. He was the first person in his family to go to university.[3] He trained as an industrial engineer[4] and has a Bachelor of Economics (Honours) from the University of New South Wales. While working full-time[4] he obtained a Master in Business Administration from the University of Technology, Sydney,[5] which included a final year thesis on the Japanese TQM & Lean manufacturing process.[4]

Career

He was CEO at Smith & Nephew, Australia (a global medical supplies company, headquartered in the UK), and BOC (British Oxygen Co.)[4][6] He led Sigma Company Ltd, then a private cooperative supplying pharmacists, through six major acquisitions[7] and then in late 1999 into public ownership and listing on the Australian Stock Exchange.[6] He held the position of Managing Director and Director of Healthpoint Technologies Limited for less than a year prior to resigning on 24 April 2002.[8]

He was appointed to the board of Medibank Private as a non-executive director on 6 September 2001[5][6] and was appointed Managing Director on 19 April 2002.[5] He joined the organisation at a time when it was making a significant loss ($175 million for 2001-02), but by 2004-05 had turned that around to a record profit ($130.8 million).[7]

He is a Councillor of the Australian Health Insurance Association (AHIA) and the International Federation of Health Plans, and Director of the Australian Centre for Health Research Limited (ACHR).[5] He is also a Director of World Vision Australia (board member since 1998) and World Vision International (board member since 2001).[4] He chairs the Stewardship Committee (Finance Committee) and also sits on the World Vision International Executive Committee.[4] He is a Fellow of the Australian Institute of Company Directors.[9]

On 21 October 2015 he announced his retirement, to take effect at the end of March 2016.[1][10]

Personal

He married in November 1979.[7] He and his wife Vivian have sponsored, starting when they married, many children through World Vision.[4] They are committed Christians and are involved in the NewPeninsula Baptist Church where he chairs the Board. His philosophy is that "the expression of our faith was never meant to be divorced from the world of work". He refers to the workplace as "the vineyard we have been called to work in where faith and work are not separated".[11]

He enjoys speed boating and has played hockey since his childhood. He plays for the Melbourne University Hockey Club Blues Veterans team.[12]

References

  1. 1 2 "George Savvides to retire, and far earlier than expected", The Age, 21 October 2015. Retrieved 22 October 2015
  2. ↑ Director Check
  3. ↑ Richard Gluyas, "A patient path to good health", The Weekend Australian, 4–5 October 2014, Marketwatch, Business, p. 36
  4. 1 2 3 4 5 6 7 George Savvides on Leadership
  5. 1 2 3 4 Medibank Private
  6. 1 2 3 CEO Forum Group
  7. 1 2 3 The Age, 3 October 2005
  8. ↑ Australian Stock Exchange
  9. ↑ George Savvides on Leadership
  10. ↑ Medibank Private. Retrieved 20 July 2016
  11. ↑ Press Release: Going to Work with God at the Wayback Machine (archived 1 October 2009)
  12. ↑ The Australian, 11 February 2008
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