A partial list of candidates has surfaced in the just-launched search for new board members at HealthSouth Corp., Birmingham, Ala. Two of HealthSouth's longtime directors voluntarily stepped down earlier this week as part of a court settlement with a Louisiana pension fund that sued the embattled rehabilitation company. Three additional directors are scheduled to voluntarily resign by August 2004. People familiar with the settlement said potential replacements include: Christopher Olivia, president and CEO of Cooper Health System, Camden, N.J.; Margaret Foran, vice president of corporate governance and secretary for Pfizer; and Charles Elson, chairman of corporate governance at Lerner College of Business & Economics and director of the Weinberg Center for Corporate Governance, University of Delaware. Also in the running are: Richard Koppes, co-director of executive education programs and coordinator of Institutional Investors' Forum at Stanford Law School; Adrian Harris, first vice president and managing director of private banking for the mid-Atlantic region, Mellon Financial Corp.; Thomas Reilly Jr., director of three privately held companies and former head of Arthur Andersen's audit division; and Michael McGee, president of private healthcare equity/investment firm, Amalgam Capital. Rounding out the list is John Coffee, professor and director of Center on Corporate Governance, Columbia University Law School, who was named in the National Law Journal's "100 most influential lawyers in America" for the past 6 years and specializes in corporate governance, securities regulation and white collar crime. -- by Julie Piotrowski
Candidates emerge for HealthSouth board
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