PALO ALTO, Calif. and LONDON, Sept. 28,
2021 /PRNewswire/ -- Babylon today announced the appointment
of US exchange veteran David Warren,
who will join Babylon's board and serve as Chair of the Audit
Committee when the company becomes publicly listed later this
year.
David will bring over two decades of US and UK public company
experience to the Babylon board, as the company takes its final
steps before listing on the New York Stock Exchange. As well as
serving as CFO during his eight years at LSEG, he also held the
position of interim Chief Executive Officer of the LSEG from 2018
to 2019. David had previously spent over 10 years working at
Nasdaq, firstly as Chief Financial Officer from 2001 to 2009,
before becoming a Senior Advisor to the Nasdaq CEO from 2011 to
2012.
"It is wonderful to welcome David to our Board and have him
support our transition to becoming a public company," said Babylon
CEO and Chairman, Dr. Ali Parsa.
"David will bring a wealth of public market experience to Babylon
as we focus on our long-term goal of becoming not just one of
healthcare's most valuable and impactful companies, but also one of
the best managed companies in the sector."
"I am delighted to join the Babylon board and look forward to
working with Ali, his leadership team, and the entire board at this
critical point in Babylon's history," David
Warren said. "There has been an influx of innovation and
evolution in the healthcare sector, breaking up some of the old
status quos, and I am excited to bring my experience and expertise
to help the company to transform the global healthcare market."
Throughout his career, David has overseen a number of
significant acquisition and strategic investments including at LSEG
where he was involved in their recent $27bn purchase of data and financial markets
infrastructure group Refinitiv, and at NASDAQ, most notably the
combination with OMX and acquisitions of the Philadelphia Stock
Exchange and the Boston Stock Exchange.
In his earlier career, David worked at the Long Island Power
Authority (LIPA) as Chief Financial Officer, and previously served
as Deputy Treasurer for the State of
Connecticut. He began his career in investment banking at
then CS First Boston.
David's appointment follows several other recent new hires that
have joined Babylon to support its rapid expansion and extension of
the company's digital-first healthcare services globally as it
moves toward becoming a public company. On June 3, 2021, Babylon entered into a definitive
merger agreement with Alkuri Global Acquisition Corp. (NASDAQ:
KURI), a special purpose acquisition company. Upon the closing of
the definitive merger agreement with Alkuri Global Acquisition
Corp., which is expected in October
2021, subject to receipt of Alkuri stockholder approval and
the satisfaction of other customary closing conditions, the new
company will become Babylon Holdings Limited and will be listed on
the New York Stock Exchange under the ticker symbol BBLN.
Notes to Editor
David Warren, Babylon Board
Member and Chair of the Audit Committee:
David Warren is an exchange and
bank executive who previously served as the Chief Financial Officer
at the London Stock Exchange (LSEG) since 2012. In November of
2017, Warren was also appointed interim CEO of LSEG. Warren had
previously served as CFO at Nasdaq OMX from 2001 to 2009. He joined
Nasdaq in January 2001 as its Chief
Administrative Officer before the role was expanded to Chief
Financial Officer. He stepped down from that position in
July 2009. Following that, he spent
two years as a senior advisor to the CEO of Nasdaq OMX.
Warren joined Nasdaq from the Long Island Power Authority
(LIPA), where he was Chief Financial Officer. Before his
appointment at LIPA, he served as Deputy Treasurer of the
State of Connecticut. Earlier, he
was a vice president at CS First Boston, where he specialized in
the financing of infrastructure, economic development, and
transportation projects for state and local governments.
About Babylon
Babylon is a world leading, digital-first, value-based care
company whose mission is to make high-quality healthcare accessible
and affordable for everyone on Earth.
Babylon is re-engineering healthcare, shifting the focus from
sick care to preventative healthcare so that patients experience
better health, and reduced costs. This is achieved by leveraging a
highly scalable, digital-first platform combined with high quality,
virtual clinical operations to provide integrated, personalized
healthcare. We endeavor to support patients' health needs, all from
their devices, with the aim to promote longer and healthier lives.
When sick, Babylon provides assistance to navigate the health
system, connecting patients digitally to the right clinician 24/7,
at no additional cost.
Founded in 2013, we have since delivered millions of clinical
consultations and AI interactions, with c.2m clinical consultations
and c.3.9m AI interactions in 2020
alone. We work with governments, health providers and insurers
across the globe, and support healthcare facilities from small
local practices to large hospitals. For more information, please
visit www.babylonhealth.com/us
SOURCE Babylon