Tenet’s Chairman Honored Among 10 Outstanding Directors for 2007
Edward Kangas Receives Recognition by the Outstanding Directors Exchange
Tenet Healthcare Corporation (NYSE: THC) announced today that its non-executive board chairman, Edward Kangas, has been recognized as a 2007 Outstanding Director by the Outstanding Directors Exchange (ODX). The annual award honors corporate board members who have been recognized by their peers for making a courageous or valuable contribution to the companies on whose boards they serve. Recipients are selected based on eight criteria:
• Has consistently made strong contributions to corporate boards
• Has been a key player during important periods in a company’s growth or transition
• Has a deep interest in the company’s business; demonstrates business savvy
• Devotes time to the job, both inside and outside the boardroom
• Is compatible but forthright; speaks up to challenge management’s assumptions
• Demonstrates judgment and discretion that the chief executive officer trusts and respects
• Is admired by fellow directors for courage, integrity and consensus-building skills
• Is clearly aligned with interest of shareholders
“Ed has been instrumental in helping Tenet resolve its many issues over the previous several years,” said Trevor Fetter, Tenet’s president and chief executive officer. “In his four years as chairman, Ed has recruited a sophisticated and active board, driven the company to outstanding corporate governance and held management accountable for measurable progress against its challenges. He is very well-deserving of this honor.”
“Ed is one of those directors who advances the board and who, in doing so, helps to advance corporate governance for us all,” says Molly Butler Hart, executive editor of ODX, the umbrella organization that sponsors the Outstanding Directors Award and the ODX series of corporate governance conferences.
Kangas, 63, joined Tenet’s board of directors in April 2003 and was appointed non-executive chairman three months later. Within a year of becoming chairman, Kangas led Tenet to an ISS corporate governance ranking in the top 5 percent of the S&P 500. Since then, Tenet has continued to be ranked within the top 10 percent of the S&P 500 and the top 5 percent of the health care industry. His sound advice and oversight as the company tackled its operational issues made him a mentor and sounding board for the company’s management.
Kangas, a certified public accountant, retired in 2000 after serving for 11 years as global chairman and chief executive officer of Deloitte Touche Tohmatsu, the worldwide accounting firm. In addition to serving as non-executive chairman of Tenet’s board, he is a member of the board of directors of Electronic Data Systems Corporation, Eclipsys Corporation, Hovnanian Enterprises, Inc. and Intuit Inc.
Tenet Healthcare Corporation, through its subsidiaries, owns and operates acute care hospitals and related health care services. Tenet’s hospitals aim to provide the best possible care to every patient who comes through their doors, with a clear focus on quality and service. Tenet can be found on the World Wide Web at www.tenethealth.com.
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