Dr Richard Friedland, the Chief Executive Officer (CEO) of Netcare, will step down from his role on 30 September 2024 and take early retirement.
Friedland has been at Netcare for 30 years, 18 of which as CEO.
“The Board is grateful for the outstanding way in which Richard has humbly and successfully guided and transformed the Group, often through difficult and unprecedented times,” Netcare Chairman, Mr Mark Bower, said.
“He steered Netcare through the challenges arising from the COVID-19 pandemic, serving on the ‘front line’ and supporting the provision of quality care to over 160,000 South Africans, while remaining steadfast in overseeing the implementation of Netcare’s key strategic imperatives, including its market-leading digitisation programme”.
“Netcare has a strong track record of effective leadership succession. A significant focus over the past few years has been the development of the executive team, several of whom have the potential to lead the company in the future.”
“The Board recognises the wealth of internal and external talent, and a structured process is now underway to consider applicants for the role of CEO. The aim is to announce Richard’s successor by the end of September 2023 to ensure a smooth transition.”
During Friendland’s tenure, Netcare has become the largest hospital group in South Africa, with five new hospitals built and several new business units established, including Netcare 911, Netcare Diagnostics and NetcarePlus.
The group said that, under this leadership, it is undergoing the most ambitious healthcare digitisation project in Africa, with the project below budget and delivering better-than-expected results. The project is set to be completed by April 2024.
“It has been a lifetime blessing to be part of Netcare and my heart is full of gratitude. This has been a considerable team effort and I am grateful to the Board and my leadership team for their constant support, guidance and collaboration…. We understand our purpose and calling, and I remain confident that the group will continue on its solid trajectory,” Friedland said.