MVH Medic Vision

 

TIDMMVH 
 
RNS Number : 3453T 
Medic Vision Limited 
04 June 2009 
 

Medic Vision Limited 
("Medic Vision" or the "Company") 
 
 
CEO Appointment / Directorate Changes 
 
 
Melbourne, 4 June 2009 
 
 
Medic Vision (ASX/AIM: MVH) is pleased to announce the appointment of Vincenzo 
("Vince") Leone as Chief Executive Officer ("CEO") and President of the Company 
with immediate effect. 
 
 
Ross Horley, previously Managing Director, will remain an Executive Director and 
Frank Cannavo, previously an Executive Director, will become a Non-Executive 
Director, also with immediate effect. 
 
 
Mr Leone will be responsible for all operational activities of Medic Vision and 
its subsidiaries (together referred to as the "Group"). His key focus will be to 
deliver strong sales growth and to indentify cost saving synergies across the 
Group. Mr Leone will report directly to the Board of Directors. 
 
 
Mr Leone has 22 years business experience in a range of senior management 
positions covering sales, marketing and operations with a particular focus in 
professional services, training, information technology and telecommunications. 
 
 
Mr Leone's experience and background compliments the achievements of Ross Horley 
in establishing the Company, developing leading medical simulator technology and 
establishing relationships with key medical organisations and hospital groups 
around the world. 
 
 
Mr Leone, whose recent appointment as an Executive Director was announced on 20 
May 2009, joins the Company at a critical time, as it repositions itself for 
growth against a backdrop of a global economic crisis. Notwithstanding this 
continuing global economic crisis, the Group sees strong demand for its world 
class medical simulation systems and skill centres, which is driven by increased 
spending in the health sector globally and higher professional and consumer 
expectations of healthcare services and procedures. 
 
 
Ratnarajah ("Thamby") Navaratnam, Chairman of Medic Vision, commented: 
 
 
"We are very pleased to have someone of Vince's ability and professionalism 
appointed to this position within the Company. He has delivered outstanding 
results for a number of Australian and international organisations, and I am 
sure he will continue this success in his new role with Medic Vision as we have 
re-structured the Group with Vince's appointment as CEO in order to improve the 
Group's sales, marketing and other commercial matters. We strongly believe that 
Vince's business skills complement Ross Horley's core competencies in the design 
and development of medical skill centres and this will allow Ross to focus on 
delivering the Company's strategy of establishing and managing medical skill 
centres in India, the UK, China and elsewhere around the world. The Board 
believes that Vince and Ross represent a formidable business partnership 
designed to deliver enhanced shareholder value for the Group." 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For further information contact: 
 
 
+--------------------------------------+---------------------------------------+ 
| Vince Leone                          | Email: vince.leone@medicvision.com.au | 
| Chief Executive Officer & President  |                  Mob: +61 421 054 140 | 
| Medic Vision                         |                                       | 
|                                      |                                       | 
+--------------------------------------+---------------------------------------+ 
| Stuart Faulkner / David Altberg      |                 Tel: +44 20 7409 3494 | 
| Strand Partners Limited              |                                       | 
|                                      |                                       | 
+--------------------------------------+---------------------------------------+ 
| Ruari McGirr                         |                 Tel: +44 20 7628 5582 | 
| St Helen's Capital Plc               |                                       | 
|                                      |                                       | 
+--------------------------------------+---------------------------------------+ 
 
 
Background on Medic Vision Limited 
Medic Vision is a technology based company specialising in the application of 
technology for surgical and medical skills training. Medic Vision provides 
consulting services in the development of skills training centres as well as 
developing and deploying computer-based surgical and medical high fidelity 
simulators. 
 
 
See www.medicvision.com.au for more details 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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