Dallas-based Tenet Healthcare Corp. announced Tuesday it has appointed two new directors to its board.
The first, Gen. Lloyd Austin III, is a retired four-star general who served in the U.S. Army for 41 years. Between March 2013 and March 2016, he was the commander of U.S. Central Command, overseeing military strategy and joint operations across a region that includes Iraq, Syria, Afghanistan and Iran. Prior to that, he was the vice chief of staff of the U.S. Army from January 2012 to March 2013. He graduated from the U.S. Military Academy and holds master's degrees from Auburn University and Webster University.
Bob Kerrey, Tenet's lead director, said in a statement that Austin has shown a powerful commitment to service and leadership with integrity.
The other new director is Meghan FitzGerald, a managing partner at L1 Health, an investment fund specializing in healthcare. She also serves as an assistant professor of health policy at Columbia University. Between May 2015 and October 2016, she served as executive vice president of strategy and policy with Cardinal Health. Before that, she served as president of Cardinal's specialty solutions division since 2010. She earned a Doctor of Public Health degree from New York Medical College, a nursing degree from Fairfield University and a Master of Public Health degree from Columbia University.
Kerrey said in the statement FitzGerald has an impressive background that combines experience across policy, innovation, business development and strategy.
"We are thrilled to welcome our new directors, and we are confident they will add tremendous value," he said. '
Tenet CEO Ron Rittenmeyer said in a statement that the company's leadership has been steadfast in its commitment to accelerate change.
"This applies to all facets of operations and all levels of leadership—including adding five new directors to our board in the last seven months," he said. "Lloyd and Meg have remarkable experience and will offer new and valuable insights as we continue to improve performance and drive value for our shareholders."
Tenet's shares were up 2.4% at Tuesday's market close.