New board appointed at NMC to implement changes | ZAWYA MENA Edition

New board appointed at NMC to implement changes | ZAWYA MENA Edition:

NMC Health, which has been placed under a UK court-appointed administration, announced on Monday the formation of a new board of directors that has been entrusted with the immediate priority of implementing corporate governance changes in the group.

Richard Fleming, Mark Firmin and Ben Cairns of Alvarez & Marsal Europe, the joint 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," joint administrators said in a statement.

Consequent to the new move, Faisal Belhoul, Ayesha Mohammed, Jonathan Bomford, Patrick James Meade, Salma Ali Saif bin Hareb and Tarek Alnabulsi were removed from the board that was formed only weeks ago.