Dr. Steve Newman will retire next year as chief operating officer of Tenet Healthcare Corp., Dallas, the company announced during a conference call to discuss its second-quarter earnings.
Tenet COO to retire in 2012
Newman, 61, has worked for Tenet since February 1999, according to his biography on the company's website. He joined Tenet as vice president of operations for the Gulf states region, overseeing 12 hospitals. In March 2003, Newman became CEO of the company's California operations; Tenet promoted him to COO in January 2007.
Before joining Tenet, Newman worked as a division president for Nashville-based HCA for two years and served as senior vice president and chief medical officer at Touro Infirmary, New Orleans, from 1990 to 1997. Before moving into the executive ranks, Newman was a pediatric gastroenterologist.
Tenet plans to conduct a national search that will include both internal and external candidates, President and CEO Trevor Fetter said in announcing Newman's retirement plans.
"Steve is a pretty unique guy," Fetter said in an interview. "I chose Steve, No. 1, for his operating acumen and his success in turning around our California operations. It was a nice additional attribute that he was a physician. We're casting a wide net here, and we're not limited to a particular profile."
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