NASHVILLE, Tenn.--(BUSINESS WIRE)--Oct. 7, 2013--
HCA (NYSE:HCA) announced today that William B. Rutherford will become
Chief Financial Officer and Executive Vice President of the Company,
effective January 1, 2014. Rutherford will succeed R. Milton Johnson as
CFO when Johnson, HCA’s President and CFO, becomes President and CEO at
the end of the year. The Company announced in July that Richard M.
Bracken would retire as CEO at the end of 2013.
HCA Appoints William B. Rutherford Chief Financial Officer And Executive Vice President (Photo: Business Wire)
“Bill is well-prepared to assume the role of CFO,” said Johnson. “His
history with the Company and breadth of experience in the hospital,
outpatient and behavioral health sectors have shown him to be a solid
leader with a deep understanding of the healthcare industry, the
financial markets, and, equally important, a knowledge of our
patient-centric culture. As CFO, Bill will lead a deep and talented team
of financial professionals.”
Rutherford, 49, currently serves as Chief Operating Officer of HCA’s
Physician Services Group, helping to provide leadership oversight of
physician employment, recruiting and practice management for over 3,000
As CFO, Rutherford will have management responsibility for the Company’s
Treasury Department, Office of the Controller, Information Technology,
Government Programs, and Strategic Resource Group.
A 24-year veteran of HCA, Rutherford joined the Company as a staff
auditor in 1986. He served the Company in a variety of roles and from
1996 – 2005 was Chief Financial Officer for what was then the Company’s
Eastern Group, which was comprised of about 90 hospitals with
approximately $12 billion of revenue in 2005.
In 2005, he left HCA to start his own training and education company,
which led to work with several private equity ventures. He later served
as Chief Operating Officer of Psychiatric Solutions, a behavioral health
services provider, from March 2006 to June 2007.
Rutherford rejoined HCA and served as Chief Financial Officer of the
Company’s Outpatient Services Group from November 2008 through January
2011. He was responsible for HCA’s company-wide financial operations of
freestanding outpatient facilities, including ambulatory surgery
centers, diagnostic imaging and cancer center operations.
Rutherford received a bachelor’s degree in accounting and finance from
the University of Tampa. He resides in Nashville with his wife, Nancy,
and their two children.
All references to “Company” and “HCA” as used throughout this release
refer to HCA Holdings, Inc. and its affiliates.
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Mark Kimbrough, 615-344-2688
Ed Fishbough, 615-344-2810