Board of Directors


        

 

A board and committee structure is in place to oversee all aspects of Vhi’s activities. The Group Board has ultimate responsibility for oversight of the conduct and performance of the Vhi Group. The Group Board sets the strategic, risk appetite, risk management and cultural parameters for the Vhi Group and creates accountability around each of these parameters. It is also responsible for overseeing the delivery of the Vhi Group’s strategy through its health insurance and health services provision businesses.

 

The Vhi Group has established four committees to assist with its work:

 

  • Group Audit Committee
  • Group Risk Committee
  • Group Remuneration Committee
  • Group Nomination and Governance Committee

 

Joyce Brennan

Independent Non-Executive Director

Joyce Brennan is an actuary with more than 30 years’ experience across the insurance and pension sectors. She is Managing Director of General Investment Trust DAC, a company within the Bank of Ireland Group, which provides professional trustee services for pension plans. She is a Non‑Executive Director of a reinsurance company. Previous roles included advisor to the Health Insurance Authority, advisor to the Department of Health on private health insurance regulation, Director at Irish Pensions Trust Ltd, Director at KPMG and Principal at Mercer.

Peter Cross

Independent Non-Executive Director

Peter Cross is Managing Director of Trasna Corporate Finance, an advisory firm specialising in telecoms and infrastructure, and is a non‑executive director of Cubic Telecom, of DAA and of a number of wind energy assets managed by Arjun Infrastructure. Peter was previously director and audit committee chair at Ervia, and audit committee chair at the HSE. Prior to establishing Trasna, Peter worked as CFO of eircom and of BT Openreach, as Group Director of Corporate Finance at BT and as a trustee of BT’s defined benefit pension scheme. He worked in corporate finance at Barings and Morgan Stanley and he qualified as a chartered accountant with Arthur Andersen in Dublin.

Mike Frazer

Independent Non-Executive Director

Mike Frazer is an actuary with more than 30 years’ experience in the insurance industry, having worked primarily with Irish Life, Zurich Life and as CEO of AXA Life Invest Reinsurance. In addition, he worked at the Central Bank of Ireland where he was Deputy Head of Insurance Supervision. He currently works as a consultant with William Fry Solicitors, and is a non‑executive director of a non‑life insurance company. From 2018 to 2021, he served as the Honorary Secretary of the Society of Actuaries in Ireland.

Karen Furlong

Independent Non-Executive Director

Karen Furlong is an experienced Director with 30 years’ experience across financial services (insurance and banking), fintech, professional services and not for profits. She has expertise in digital transformation, strategy, change and transformation, governance and risk. She has worked in Standard Life, Prospectus Strategy Consultants, Fineos, First‑e Internet Bank, Educational Building Society, CUNA Mutual and Allianz and has held board roles in ECO Unesco, Dublin City University and National College of Art and Design. She is currently chairperson of AirPOS SaaS and has INED positions with the Progressive Building Society, Triodos Bank and The Personal Injuries Assessment Board (PIAB) in Dublin.

Mary Halton

Independent Non-Executive Director

Mary Halton is a Chartered Accountant with a range of executive, non‑executive, and advisory experience gained in the UK, Canada, and Ireland. With a background in banking and insurance, she now provides board advisory and governance services to organisations in the public and private sectors. She holds a PhD in Public Policy, an MSc in Executive Leadership, and her research on board governance has been published internationally. Mary currently serves as a lay member of the UK Copyright Tribunal.

Dean Holden

Independent Non-Executive Director

Dean Holden is a senior adviser to AMP Capital Investors Ltd. He spent 29 years at Bupa where he was responsible for the growth and development of the health insurance, aged care and health services businesses across Australia and New Zealand. He led Bupa’s operations in Australia, New Zealand, Latin America, Spain, Saudi Arabia, Singapore, Hong Kong, the USA, Denmark and Thailand. He held a range of senior roles including Group Financial Controller, Managing Director of Bupa’s Asia Pacific Division, Managing Director of Bupa’s International Division and International Markets Division. He was also an Independent Non‑Executive Director of the Skin and Cancer Foundation, Australia until the end of 2021.

Born and educated in the UK, Dean is a Chartered Certified Accountant (FCCA), has completed studies with Oxford University’s Centre for Corporate Reputation, as well as the Advanced Management Program at Wharton Business School in the US.

Paul O’Faherty

Chairman and Independent Non-Executive Director

Paul O’Faherty is an actuary and is a Non‑Executive director of a number of companies in the financial services and investment areas. Until 2013 he was Chief Executive of Mercer Ireland and Chairman of Marsh McLennan Companies in Ireland. In his career as a consultant in Mercer, he advised the Department of Health for many years on health insurance matters. He is a Fellow and a past President of the Society of Actuaries in Ireland. He is also a past Chairman of the Irish Association of Pension Funds.

Greg Sparks

Independent Non-Executive Director

Greg Sparks is a former partner of RSM Farrell Grant Sparks. Greg holds a number of Board appointments in the private sector both domestically and internationally and he presently chairs VistaMilk SFI Research Centre. Greg has served on the Boards of Joe Duffy Motors, Digicel, The Irish Times and Eir. In addition, he chaired the Coombe Hospital for a number of years.

Brian Walsh

Interim CEO

Brian joined Vhi in November 2014 as Director, Finance and was appointed to the Board in March 2015. Prior to joining Vhi, he worked with global food and ingredients company Ornua, based in Los Angeles. Previously, Brian led a successful private equity fund, focused principally on developing pan‑European businesses. He has held Board and executive financial and commercial roles in the international financial services, telecommunications and FMCG industries in Europe and the United States with leading companies including Citibank, Deutsche Telekom and eir. Brian is a Fellow of Chartered Accountants Ireland, having qualified with PwC, and is a Chartered Director of the Institute of Directors. He holds graduate and post graduate business degrees from University College Dublin.

Correct as at 1st May 2022