The president and founder of New York-based Franciscan Sisters of the Poor Health System is stepping down to focus on raising capital for the system's foundation.
Effective May 1, Sister Joanne Schuster, 53, will focus her attention as president of the $18 million Franciscan Sisters of the Poor Foundation. Meanwhile, James H. Flynn Jr., 52, who has been the system's chief executive officer for the past three years, will be promoted to president and CEO.
"In these parlous times, the poor are more vulnerable than at any time in recent memory, and raising the money that will enable our programs to continue serving some of God's most desperate children is more challenging and time consuming than ever before," Schuster wrote in a letter to the system's employees.
Schuster, who founded the system 13 years ago, also will remain on the board of sponsors, a group of nine nuns from the sponsoring order, Franciscan Sisters of the Poor.
The system has been in good hands with Flynn as CEO and senior vice president of operations several years prior to that, executives said. It's coming off its fifth consecutive year of increasing operational success. With nine hospitals and 2,350 acute-care beds, it reported net income of $27.6 million on $783.2 million in net revenues last year.