Appointment of Lord Beaverbrook as Chairman of Thorn Medical PLC

LONDON, February 26, 2015 /PRNewswire/ --

The Company is pleased to announce that it has appointed Lord Beaverbrook as chairman of the Thorn Medical PLC board. Incumbent Chairman Jack Kaye moves to the role of CEO and incumbent CEO Dr. Mahmood Bashir remains as an executive director of the Thorn Medical PLC in addition to his role as CEO of the Thorn Operations board.

From 1972 to 1978 Lord Beaverbrook worked for Beaverbrook Newspapers, starting as a management trainee and ultimately rising to General Manager of the Sunday Express. Since 1978 he has served as a director of the Aitken/Beaverbrook Family Office, overseeing a diversified investment fund, specialising in real estate for many years, and, more recently, in oil and gas, and insurance.

In 1983 he founded, and served as Chairman of VenTech Healthcare Corporation, which acquired Abbey Medical Inc. the, then, largest supplier of home healthcare equipment in the USA. In 1995, Lord Beaverbrook founded MARK Telecom, one of the first of the new 'switchless re-sellers' in the UK. This interest in the Telecom industry led to the formation of Highway One AG, a broadband, multimedia, data transport company of which he was Chairman until 1999 prior to it being sold to Telefonica in 2001.

From 2000 to 2007 he was Chairman of Net Integration Technologies Inc. of Toronto, now part of IBM. He is currently Chairman of Cherif Investment Properties Limited and a Director of Ansgate Barnes Holdco Limited, a property development company.

Lord Beaverbrook was a Lord in Waiting and Government Whip (1986-1988) and the Treasurer of the Conservative Party and the European Democrat Union (1990-1992).

He became Honorary Air Commodore of 4624 (County of Oxford) Movements Squadron Royal Auxiliary Air Force in July 2004, and in October 2009 was appointed Honorary Inspector General, Royal Auxiliary Air Force in the rank of Air Vice-Marshal.

Jack Kaye, CEO, Thorn Medical PLC says: "We are delighted to welcome Lord Beaverbrook to the Thorn Medical PLC board.  His experience in international operations in the medical and technology fields will be a major asset to Thorn Medical PLC as it pursues its mission to break down barriers to providing more efficient and effective healthcare worldwide."

Thorn Medical PLC

Thorn Medical is a trusted expert investor and acceleration partner dedicated to breaking down the barriers to providing more efficient and effective healthcare worldwide.

With a clear focus on improving human wellbeing, it acts as an aggregator of innovative, scientifically-validated medical technology, pharmaceutical product and healthcare services businesses.

It aims to transform organisational performance through delivering best practice flexible management services that streamline operations, reduce costs, encourage cross-fertilisation, expand market reach and enhance return on capital.

Thorn Medical is dedicated to this market, with a global perspective and an understanding at first hand of the evolving challenges that healthcare businesses face in growing successfully.

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