Lloyd Dean, CEO of Dignity Health, is resigning from the board of directors at Navigant Consulting, a publicly traded consulting firm that works in several industries, including healthcare.
Dean, who joined Navigant's board in May 2014, will leave Dec. 31. The decision was made "due to an increase in his professional responsibilities," Navigant said in a federal filing. Dignity and Catholic Health Initiatives are in talks to merge. The combined organization would become the largest not-for-profit health system in the U.S.
Dean made $364,467 in his first two years on Navigant's board. A filing from April also shows he owns more than 15,000 shares of Navigant's stock, which carries an estimated value of $382,000 as of Friday.
Many other not-for-profit hospital and health system leaders sit on corporate boards. Dean still holds board spots on two other major investor-owned companies: fast-food chain McDonald's Corp. and banking giant Wells Fargo & Co.
His role with Wells Fargo came under scrutiny a couple months ago after the bank was embroiled in a scandal over fraudulent consumer accounts. Dean has made millions of dollars sitting on Wells Fargo's board over the past decade.
Dean chairs the board committee that determines executive compensation at Wells Fargo. He and others agreed to claw back the pay of top executives in light of the scandal.
