Bernard Collins has been re-appointed chairman of Vhi Healthcare for a further five years.
The announcement was made by Minister for Health and Children Mary Harney.
Mr Collins was first appointed to the board in September 2003 by the then Minister for Health Micheál Martin.
The chief executive office of Lifemed Consulting Limited. Mr Collins received a BA Honours in Applied Industrial Psychology/Business from University College Cork.
Mr Collins maintains positions at board level on many other companies in Ireland and in the USA.
He served for 10 years as vice-president of international operations at Boston Scientific Corporation until 2003.
Mr Collins is widely respected in business circles as the man who saved Baxter Healthcare from closure after he was appointed general manager of the medical devices firm in 1985.
His success in saving jobs in Castlebar, Co Mayo, in the 1980s and his subsequent success in luring Boston Scientific to the west of Ireland.