Tenet Board Appoints Two Independent Directors
November 09 2017 - 4:15PM
Business Wire
Tenet Healthcare Corporation (NYSE: THC) today announced the
appointment of two new independent directors to its board: Richard
Fisher, former president and chief executive officer of the Federal
Reserve Bank of Dallas; and Richard Mark, chairman and president of
Ameren Illinois Company, an energy and utility company, and former
president and chief executive officer of St. Mary’s Hospital in
East St. Louis. Both appointments are effective immediately.
Tenet’s board now consists of 12 directors, 11 of whom are
independent and five of whom have joined the board since November
2016.
Bob Kerrey, lead director, said, “We are pleased to welcome such
high caliber individuals to our board. Together, they bring
additional expertise in hospital operations and finance, along with
significant experience working in highly regulated industries and
government service. We look forward to drawing on their deep
knowledge, and we are confident they will bring tremendous value to
the board and to Tenet.”
Ron Rittenmeyer, executive chairman and CEO, said, “Bringing new
perspectives into the boardroom is a critical component of our
efforts to accelerate change at the company. Today, half of our
board has a tenure of less than three years, which includes the
appointment of five independent directors in the last 12 months.
Our new directors are providing important guidance and insights as
we take actions to improve performance, reinvigorate growth, and
enhance shareholder value.”
Biographical Information
Mr. Fisher served as president and chief executive officer of
the Federal Reserve Bank of Dallas from 2005 until 2015. During his
tenure, he served as a member of the Federal Open Market Policy
Committee, as the chair of the Conference of Federal Reserve Bank
Presidents, and as the chair of the Information Technology
Oversight Committee for the 12 Federal Reserve banks. Previously,
from 2001 to 2005, Mr. Fisher was vice chairman of Kissinger
McLarty Associates, a strategic advisory firm. From 1997 to 2001,
Mr. Fisher served as Deputy U.S. Trade Representative with the rank
of Ambassador. Mr. Fisher currently serves as a director of two
other public companies, AT&T Inc. and PepsiCo, Inc., and also
serves as a senior advisor for Barclays PLC. Mr. Fisher earned his
B.A. in economics from Harvard University and his M.B.A. from
Stanford University.
Mr. Mark serves as chairman and president of Ameren Illinois
Company, a $3 billion energy and utility company responsible for
electric and natural gas distribution to more than 1.2 million
electric and 806,000 natural gas customers in Illinois. Mr. Mark
joined Ameren in 2002 as vice president of customer service and
subsequently served in numerous senior management roles. Before
joining Ameren, he served for 11 years at Ancilla Systems Inc.
While at Ancilla, the parent company to St. Mary's Hospital in East
St. Louis, Illinois, he served as vice president for governmental
affairs and chief operating officer before becoming chief executive
officer of St. Mary's Hospital from 1994 to 2002. Mr. Mark served
as a director of Union Electric Company from 2005 until 2012. Mr.
Mark earned his B.S. from Iowa State University and his M.S. from
National Louis University.
About Tenet Healthcare
Tenet Healthcare Corporation is a diversified healthcare
services company with nearly 130,000 employees united around a
common mission: to help people live happier, healthier lives.
Through its subsidiaries, partnerships and joint ventures,
including United Surgical Partners International, the Company
operates general acute care and specialty hospitals, ambulatory
surgery centers, urgent care centers and other outpatient
facilities in the United States and the United Kingdom. Tenet’s
Conifer Health Solutions subsidiary provides technology-enabled
performance improvement and health management solutions to
hospitals, health systems, integrated delivery networks, physician
groups, self-insured organizations and health plans. For more
information, please visit www.tenethealth.com.
The terms "THC", "Tenet Healthcare Corporation", "the Company",
"we", "us" or "our" refer to Tenet Healthcare Corporation or one or
more of its subsidiaries or affiliates as applicable.
Tenet uses its Company website to provide
important information to investors about the Company including the
posting of important announcements regarding financial performance
and corporate developments.
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Tenet Healthcare CorporationInvestor Contact:Brendan
Strong, 469-893-6992investorrelations@tenethealth.comorMedia
Contact:Daniel Waldmann,
469-893-2640mediarelations@tenethealth.com
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