Ryan Noach, the outgoing CEO of Discovery Health, has found a new home as the CEO of the DNI Group, a telecommunications and technology holding company. The appointment will be effective from March.
- Noach’s decision to step down from his role at Discovery Health after 15 years was driven by his desire to pursue entrepreneurial opportunities outside of the healthcare and financial services sectors.
- The DNI Group, founded in 2006, operates in the telecommunications, retail, and technology sectors. It has four divisions: mobile product distribution, hardware distribution, technology solutions, and value-added services.
- Andrew Dunn, the co-founder of DNI Group, will transition to the role of executive chair, while Noach takes over as CEO. Dunn praised Noach’s track record in innovation and expressed confidence in his leadership abilities.
- DNI Group has notable shareholders, including Mike Teke, Stephen Saad, Rand Merchant Bank, Mineworkers Investment Company, and Sabvest.
- With over 1,000 employees and operations in 29 countries in Africa, DNI Group generates annual revenue of approximately R10 billion.
- Noach’s departure from Discovery Health will lead to Ronald Whelan, his deputy, assuming the role of CEO. Noach leaves behind a legacy of building Discovery Health into SA’s leading medical scheme administrator, managing 39.1% of the total membership of SA medical schemes.