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BRIEF-Tenet Healthcare says ‍chairman and Chief Executive Trevor Fetter to step down following a transition period​
August 31, 2017 / 8:41 PM / in 3 months

BRIEF-Tenet Healthcare says ‍chairman and Chief Executive Trevor Fetter to step down following a transition period​

Aug 31 (Reuters) - Tenet Healthcare Corp

* Tenet announces CEO transition, commencement of board refreshment process, and implementation of shareholder rights plan to protect NOLs

* Says Ronald A. Rittenmeyer appointed chairman of the board

* Tenet Healthcare Corp - ‍Tenet initiates search for a new CEO and commences process to refresh composition of its board of directors​

* Tenet Healthcare Corp - ‍implements short-term shareholder rights plan​

* Tenet Healthcare Corp - ‍board has hired Russell Reynolds Associates to conduct a search for a new chief executive officer​

* Tenet Healthcare Corp - ‍chairman and Chief Executive Officer Trevor Fetter to step down following a transition period​

* Tenet Healthcare Corp - ‍Tenet’s board has approved a short-term shareholder rights plan​

* Tenet Healthcare Corp - ‍rights plan is scheduled to expire following conclusion of company’s 2018 annual meeting of stockholders​

* Tenet Healthcare Corp - ‍following company’s 2018 annual meeting, board will further evaluate ongoing need for rights plan​

* Tenet Healthcare Corp - ‍rights plan may also be terminated prior to its scheduled expiration​ Source text for Eikon: Further company coverage:

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