George Savvides (born October 1956)[1] is an Australian businessman. Since 2002 he has been the Managing Director of Medibank Private Limited.
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George Savvides trained as an industrial engineer[2] and has a Bachelor of Economics (Honours) from the University of New South Wales. While working full-time[2] he obtained a Master in Business Administration from the University of Technology, Sydney,[3] which included a final year thesis on the Japanese TQM & Lean manufacturing process.[2]
He was CEO at Smith & Nephew, Australia (a global medical supplies company, headquartered in the UK), and BOC (British Oxygen Co.)[2][4] He led Sigma Company Ltd, then a private cooperative supplying pharmacists, through six major acquisitions[5] and then in late 1999 into public ownership and listing on the Australian Stock Exchange.[4]
He was appointed to the board of Medibank Private as a non-executive director on 6 September 2001[3][4] and was appointed Managing Director on 19 April 2002.[3] He joined the organisation at a time when it was making a significant loss ($175 million for 2001-02), but by 2004-05 had turned that around to a record profit ($130.8 million).[5] His current term will expire on 11 December 2011.[3]
He is a Councillor of the Australian Health Insurance Association (AHIA) and the International Federation of Health Plans, and Director of the Australian Centre for Health Research Limited (ACHR).[3] He is also a Director of World Vision Australia (board member since 1998) and World Vision International (board member since 2001).[2] He chairs the Stewardship Committee (Finance Committee) and also sits on the World Vision International Executive Committee.[2] He is a Fellow of the Australian Institute of Company Directors.[6]
He married in November 1979.[5] He and his wife Vivian have sponsored many children through World Vision, starting when they were first married.[2] They are committed Christians and are involved in the Glen Waverley Anglican Church.[2][7] His philosophy is that "the expression of our faith was never meant to be divorced from the world of work". He refers to the workplace as "the vineyard we have been called to work in where faith and work are not separated".[8]
He enjoys speed boating and has played hockey since his childhood. He plays for the Melbourne University Hockey Club Blues Veterans team.[9]