Max Healthcare Institute (MHIL) has announced change in leadership with key responsibilities being given to renowned stalwarts of the industry. As per the decision, Radiant Life Care Chairman and MD Abhay Soi will be its Chairman.
Radiant which acquired 49.7 percent stake in MHIL last year also nominated KKR (India) CEO Sanjay Nayar as non-executive director on the board of MHIL.
The healthcare giant has also decided to reconstitute its board with appointments of former Sebi Chairman UK Sinha along with ex-President of US-based HCA Healthcare Micheal Neeb as independent directors.
Tara Vachhani and Mohit Talwar will continue as Max India nominees, the company said.
Stating that the process of amalgamating Radiant Life Care Pvt Ltd and Max Healthcare under the chairmanship of Soi has begun, the company said it is likely to conclude the process within the next 8 to 12 months.
“Market downturns and uncertainty are best suited to entrepreneurs. Both, talent and opportunities are available to build businesses,” Soi said.
In the interim, the company said a management council comprising of three senior directors – Yogesh Sareen, Mradul Kaushik and Vandana Pakle – has been formed to manage day-to-day operations of MHIL.