Issue link: https://beckershealthcare.uberflip.com/i/977748
33 33 CEO/STRATEGY AHIP CEO Marilyn Tavenner to retire after 3 years with trade group By Morgan Haefner M arilyn Tavenner will retire as CEO of America's Health In- surance Plans, the biggest trade group for health insurers, June 1. Ms. Tavenner joined AHIP in 2015 as CEO. Before that, she served as administrator and principal deputy administrator of CMS from 2010 to 2015. Some major insurers — Humana and Aetna — left AHIP under Ms. Tavenner's leadership. Matt Eyles, COO of AHIP, will succeed Ms. Tavenner as president and CEO. Mr. Eyles served as the trade group's executive vice president beginning in 2015, until his promotion to COO in 2017. Before joining AHIP, Mr. Eyles was executive vice president at Avalere Health. He was also previously corporate vice president of public af- fairs and policy at Coventry Health Care, which is now Aetna. n Sutter Health hospital CEO resigns amid protests regarding planned closure By Alyssa Rege T he CEO of Berkeley, Calif.-based Sutter Health Alta Bates Sum- mit Medical Center reportedly announced his resignation from the institution in February amid backlash regarding the hospi- tal's planned closure, according to The Daily Californian. Officials have begun searching for CEO Chuck Prosper's replace- ment. Mr. Prosper was named CEO of the hospital in 2012. His last day was May 4, a spokesperson for Sutter Health told the publica- tion in a statement. Sutter Health decided to close the hospital in October 2015 due to the facility's inability to meet state seismic standards. Officials planned to relocate the hospital's services to its Alta Bates Summit Medical Center campus in Oakland, Calif., which they plan to expand. A Sutter Health Bay Area spokesperson told Becker's Hospital Review in an emailed statement March 14, "Chuck Prosper let all employees know several weeks ago that he has decided to leave Alta Bates Sum- mit. His last day is May 4. Sutter Health is conducting a search for his replacement. Chuck's decision to leave is not related to the hospital's seismic issues or Sutter Health's plans to rebuild in Oakland." More than 350 community members, along with the California Nurses Association, held a rally in February to protest the hospital's planned closure. A similar demonstration also occurred in November 2017. "No matter who is in charge, we want to make sure that Sutter does the right thing of keeping a full-service hospital in Berkeley," the CNA spokesperson told The Daily Californian. "Hopefully they will appoint someone who is committed to that same mission, and even if they don't, that won't stop us." n Tenet reaches deal with Glenview, implements additional governance changes By Ayla Ellison D allas-based Tenet Healthcare announced March 26 its board of directors reached an agreement with Glenview Capital Management, Tenet's largest shareholder, regarding proposed changes to Tenet's bylaws. Here are seven things to know. 1. Under the agreement, Glenview has withdrawn a pro- posal to amend Tenet's bylaws to allow all shareholders to take action by written consent without a meeting. 2. As part of the deal, Tenet implemented several changes to its corporate bylaws, which now require the company to hold its annual meeting at least every 13 months. Un- der the changes, the special meeting and annual meeting bylaws can only be modified by a vote from shareholders representing a majority of the outstanding common stock. 3. Tenet is also adding a shareholder rights plan bylaw, which states approval from 75 percent of the board of di- rectors is needed to adopt any future shareholder rights plan. Any future plan must be limited to one year plus a 90-day period to solicit shareholder approval of any longer duration, according to Tenet. 4. Under the deal, Glenview agreed to vote its shares in favor of all of Tenet's board's nominees and support the board's proposals at Tenet's 2018 annual meeting of share- holders. 5. e deal comes aer Glenview sent a letter to Tenet shareholders in February stating Tenet has been a "chron- ically underperforming company for decades," and share- holders need the ability to take action by written consent. 6. "We are pleased to have reached this constructive agree- ment with Glenview, which demonstrates our ongoing com- mitment to listening to our shareholders and incorporating their feedback as part of our efforts to strengthen our corpo- rate governance practices," Ronald A. Rittenmeyer, executive chairman and CEO of Tenet, said in a news release. 7. "As a long-term shareholder of Tenet and as its largest investor, we firmly believe in the company's value creation opportunities and we appreciate steps taken in recent months to enhance Tenet's focus on patient satisfaction, operating efficiency, incentive alignment and corporate governance," Larry Robbins, founder and CEO of Glen- view, said in a news release. "We are pleased that these by- law amendments will benefit all shareholders by providing greater shareholder safeguards and an improved frame- work for a continuing constructive dialogue between the Board, senior management and owners." n