Tenet Board Appoints Chris Lynch as New Independent Director

Business Wire - finance.yahoo.com Posted 5 years ago

DALLAS--(BUSINESS WIRE)--

Tenet Healthcare Corporation (THC) today announced the appointment of Christopher S. Lynch to its Board of Directors. Lynch is the former National Partner in Charge of the Financial Services division at KPMG, LLC and has served as an independent director for over a decade at both American International Group, Inc., where he currently serves, and Federal Home Loan Mortgage Corporation, or Freddie Mac, from which he recently retired. Lynch’s appointment will become effective on August 7, 2019.

Bob Kerrey, Lead Director, said, “We are so pleased to welcome Chris to the Tenet Board, and look forward to drawing from his nearly three decades of professional experience at KPMG, as well as his service as a director at large public companies. His knowledge of highly regulated industries and skills in critical areas like finance, audit and risk management will be a strong complement to our Board.”

Ron Rittenmeyer, Executive Chairman and CEO, said, “Chris is incredibly well-regarded for his leadership and sharp capabilities, and I am confident his contributions will benefit the entire Tenet enterprise. Following Chris’ appointment in August, we will have refreshed 55 percent of our Board in under two years through the addition of six independent directors, and 70 percent of our independent directors will have a tenure of approximately four years or less. We have embraced our commitment to further enrich and diversify Board expertise and introduce new perspectives that accelerate positive change.”

Biographical Information: Chris Lynch

Lynch served as National Partner in Charge of the Financial Services division at KPMG, LLC from 2004 until his retirement in 2007. Prior to that, he held a variety of positions at KPMG during his 29-year tenure, including chair of KPMG’s Americas Financial Services Leadership team and a member of the Global Financial Services Leadership and the U.S. Industries Leadership teams.

He currently serves as an independent director of American International Group, Inc. (AIG), a position he has held since July 2009. From 2008 to 2019, he also served as a director of Federal Home Loan Mortgage Corporation (Freddie Mac), where he was the former Non-Executive Chairman of the Board. Lynch has chaired audit committees of both AIG and Freddie Mac and has relevant committee experience on Risk, Compensation and Nomination and Corporate Governance.

Lynch is a member of the Advisory Board of the Stanford Institute for Economic Policy Research and a member of the Audit Committee Chair Advisory Council of the National Association of Corporate Directors. He received a Bachelor of Science in Accounting from the University of Kansas.

About Tenet Healthcare

Tenet Healthcare Corporation (THC) is a national diversified healthcare services company headquartered in Dallas, TX, with 110,000 employees. Through an expansive care network that includes United Surgical Partners International, we operate 65 hospitals and approximately 500 other healthcare facilities, including surgical hospitals, ambulatory surgery centers, urgent care and imaging centers and other outpatient facilities. We also operate Conifer Health Solutions, which provides revenue cycle management and value-based care services to hospitals, health systems, physician practices, employers and other customers. At the center of everything we do is a commitment to deliver the right care, in the right place, at the right time, and to continually improve and advance the healthcare delivery system in the markets we serve. 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.

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