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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