September 24, 2001
Fallat to leave Sept. 30
The Evergreen Healthcare Board of Commissioners and CEO Andrew Fallat, FACHE, have agreed to end Fallat's three-year employment contract effective Sept. 30.
Earlier this year, Evergreen's Board of Commissioners announced the beginning of succession plans for new leadership.
Fallat agreed to stay on through completion of his employment contract at the end of 2001 to spearhead several key initiatives, such as Evergreen's recently completed strategic plan and capital budget.
Fallat has been Evergreen's Chief Executive Officer since 1981.
This year Evergreen has been focusing on its financial performance that has turned around over the past eight months.
Operating losses have been reduced to $315,000 from a loss last year of $7.8 million. Evergreen's total bottom line has improved from a $543,000 net gain last year to $4,473,000 net gain so far this year.
Effective Oct. 1 David Kiehn, Evergreen Healthcare's Chief Financial Officer, will act as Evergreen's interim Chief Executive Officer.
Kiehn will report directly to the Board of Commissioners and will assume duties and responsibilities of chief executive officer. Fallat and Kiehn will work together on finalizing the transition plan for the remainder of the month.
The CEO search firm has received input from staff, physicians and the community on essential leadership qualities, and a slate of highly qualified candidates will be arriving at Evergreen for interviews in October.
A decision on the new CEO will likely be made in early November, with the new CEO on board in December.
For more information, visit www.evergreenhealthcare.org.