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Bupa CEO Steps Down

Bupa has announced that Stuart Fletcher is stepping down as CEO, with Evelyn Bourke, the Chief Financial Officer, becoming Acting CEO as of 4 April 2016.

 

Stuart Fletcher was appointed CEO of Bupa in March 2012. Stuart joined Bupa from Diageo where he was President, Diageo International. Previously, he held financial roles at Procter & Gamble and United Glass.

Lord Leitch, Chairman, said, "Stuart has made a very significant contribution to Bupa and leaves the company stronger than ever, having brought the customer and our people even further to the fore, as well as extending Bupa’s global footprint.”

“Under Stuart’s leadership, growth has been good, particularly given challenging market conditions. However, current growth plans do not match our expectations, and so we have agreed that the time is right for him to step down.”

“Evelyn is well placed to take on the Acting CEO role, with a strong track record and extensive experience in financial services, risk and capital management, strategy, and mergers and acquisitions.”

Stuart Fletcher said, "It has been a privilege to have led Bupa’s transformation over the past four years and I am incredibly proud of our achievements. It is the 84,000 colleagues that make Bupa so special, and I express my heartfelt thanks to each of them for the difference they make every day for Bupa’s customers. I know that Bupa will go from strength to strength and I will work to fully support Evelyn during the transition period.”

Evelyn Bourke, Acting CEO said, "It’s an absolute honour to be appointed as the Acting CEO of Bupa. I very much look forward to building on our success for our customers, people and partners."

Evelyn Bourke became CFO of Bupa in September 2012. Evelyn joined from Friends Life where she was Chief Executive Officer of its Heritage division. Previously at Friends Provident, she was the Executive Director responsible for strategy, capital and risk and, before that, Chief Financial Officer. She also served as Finance Director of Standard Life UK.

In due course the Board will conduct an internal and external search process.  

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