Community Health Systems, Inc. Announces Appointment of New Independent Director
December 09 2015 - 4:30PM
Business Wire
Community Health Systems, Inc. (NYSE:CYH) today announced the
appointment of H. James Williams, Ph.D. to its Board of Directors
for a term expiring at the 2016 Annual Meeting of Stockholders.
Dr. Williams, age 60, served as President of Fisk University, a
leading liberal arts university located in Nashville, Tennessee,
from February 2013 until September 2015. Fisk University is
renowned for its leadership role and history in the education of
African-American students. Dr. Williams previously served for more
than twenty years as a professor or dean at several universities
across the country, including Dean of the Seidman College of
Business at Grand Valley State University in Grand Rapids,
Michigan, Dean of the School of Business at North Carolina Central
University in Durham, and Dean of the School of Management at
Delaware State University in Dover. Dr. Williams also practiced
law, primarily in the areas of partnership and corporate tax, as
well as contract law. Dr. Williams started his diverse career as an
accountant with Ernst & Young where he worked in the audit
division with companies in the banking, textiles, automotive and
shipping industries.
Dr. Williams holds a bachelor’s degree in accounting from North
Carolina Central University, a master’s degree in business
administration from the University of Wisconsin, Madison, and a
Ph.D. in accounting/finance from the University of Georgia. He
holds a juris doctor and a master’s of law degree from Georgetown
University Law Center in Washington, D.C. Dr. Williams serves on
the advisory board of Fifth Third Bank of Tennessee, as a member of
the Metropolitan Nashville Airport Authority’s Air Service
Coalition, and also on the boards of several non-profit
organizations.
“Dr. Williams brings a new and important perspective to the
Community Health Systems’ Board of Directors,” said Wayne T. Smith,
chairman and chief executive officer of Community Health Systems,
Inc. “His diverse experience in finance, law and higher education
will complement our existing board strengths and provide additional
insights. We are very pleased to add another independent director
to the Board as we continue to ensure strong governance of our
organization and work to deliver value to our shareholders and
quality healthcare to the communities we serve.”
As of December 9, 2015, the Company’s board members are: W.
Larry Cash, John A. Clerico, James S. Ely III, John A. Fry, W.
Norris Jennings, M.D., Julia B. North, Wayne T. Smith, H. Mitchell
Watson, Jr. and H. James Williams, Ph.D.
About Community Health Systems, Inc.
Community Health Systems, Inc. is one of the largest
publicly-traded hospital companies in the United States and a
leading operator of general acute care hospitals in communities
across the country. Through its subsidiaries, the Company currently
owns, leases or operates 198 affiliated hospitals in 29 states with
an aggregate of approximately 30,000 licensed beds. The Company has
announced plans for a spin-off transaction to create a new,
publicly- traded company, Quorum Health Corporation, with 38
affiliated hospitals and related outpatient services in 16 states,
together with Quorum Health Resources, LLC, a subsidiary providing
management and consulting services to non-affiliated hospitals. The
transaction is expected to close during the first quarter of 2016.
The Company’s headquarters are located in Franklin, Tennessee, a
suburb south of Nashville. Shares in Community Health Systems, Inc.
are traded on the New York Stock Exchange under the symbol “CYH.”
More information about the Company can be found on its website at
www.chs.net.
Forward-Looking Statements
Statements contained in this news release regarding expected
operating results, acquisition transactions or divestitures and
other events are forward-looking statements that involve risk and
uncertainties. Actual future events or results may differ
materially from these statements. Readers are referred to the
documents filed by Community Health Systems, Inc. with the
Securities and Exchange Commission, including the Company’s annual
report on Form 10-K, current reports on Form 8-K and quarterly
reports on Form 10-Q. These filings identify important risk factors
and other uncertainties that could cause actual results to differ
from those contained in the forward-looking statements. The Company
undertakes no obligation to revise or update any forward-looking
statements, or to make any other forward-looking statements,
whether as a result of new information, future events or
otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20151209006370/en/
Community Health Systems, Inc.Investor Contact:W.
Larry Cash, 615-465-7000President of Financial Services and Chief
Financial OfficerorMedia Contact:Tomi Galin,
615-628-6607Senior Vice President, Corporate Communications,
Marketing and Public Affairs
Community Health Systems (NYSE:CYH)
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