UAE-based NMC Health has appointed Prasanth Manghat as its new CEO, effective immediately, it announced on Wednesday.
Manghat, who was serving as the company’s deputy CEO and executive director, replaces NMC founder B.R. Shetty, who was also executive vice-chairman.
Shetty will take up a role as joint non-executive chairman of NMC Health alongside current chairman, H J Mark Tompkins, with immediate effect, a statement said.
The promotion of Manghat was made following the “recommendation of Shetty”, it added.
Shetty said: “NMC finds itself in a strong place and I felt this was the right time for me to step back from my day-to-day responsibilities in the company I founded over four decades ago. This change will allow me to focus on the strategic development of NMC and my other global business interests.”
Manghat has worked with NMC Health for over 12 years and was involved in the execution and financial oversight of the business since listing on the London Stock Exchange.