Cleveland Clinic Health System Obligated Group - FMSbonds.com
Cleveland Clinic Health System Obligated Group - FMSbonds.com Cleveland Clinic Health System Obligated Group - FMSbonds.com
Certain Emeritus TrusteesPresent/Past BusinessAffiliation or OccupationCommencementof Initial TermExpiration ofCurrent TermStephen R. Hardis*Retired Chairman and Chief Executive OfficerEaton Corporation1996 N/ANorma Lerner* Private Investor 2003 N/APatrick F. McCartan, Esq.* (3)Samuel H. Miller*Senior PartnerJones DayCo-Chairman of the BoardForest City Enterprises, Inc.1993 N/A1991 N/ARonald J. Ross, M.D.* Director Emeritus, Department of Radiology -Hillcrest HospitalChairman, Executive Committee, Board ofTrustees of Cleveland Clinic Health System –East Region1997 N/ARobert J. Tomsich*ChairmanNESCO, Inc.2000 N/A(1)(2)(3)(4)Chairman of the Board of Trustees of Lakewood.Chairman of the Board of Trustees of Children’s Hospital.Jones Day is acting as counsel to the Cleveland Clinic in connection with the issuance of the Series 2008 Bonds.Squire, Sanders & Dempsey L.L.P. is acting as bond counsel to the Issuer in respect of the Series 2008 Bonds and also represents the ClevelandClinic in certain matters.Board of Governors. The Board of Governors is charged with the responsibility for ensuring that qualityhealthcare is delivered to patients of the Cleveland Clinic. Pursuant to the Code of Regulations, the Board ofGovernors plans and administers the medical activities of the Cleveland Clinic, subject to the policies and authorityof the Board of Trustees. It also oversees the integration of research and education with other services provided bythe Cleveland Clinic and, subject to the concurrence of the Board of Trustees, is responsible for the appointment,promotion and termination of members of the Professional Staff in cooperation with Institute and departmentchairmen. The Board of Governors generally meets weekly.The Board of Governors consists of twelve members elected by the Professional Staff; a Chairman and aVice Chairman elected by the Board of Governors (who must be members of the Professional Staff but need not beone of such twelve members); two additional appointed members (the Chairman of the Lerner Research Institute andthe Chairman of the Education Institute) and the Cleveland Clinic’s Chief Financial Officer, Chief Operating Officerand Chief Legal Officer. The Board of Governors annually recommends three of its members for election to theBoard of Trustees.Current members of the Board of Governors are Dr. Delos Cosgrove, Chairman and Chief ExecutiveOfficer; Dr. Joseph Hahn, Vice Chairman and Chief of Staff; Drs. Brian Bolwell, Raymond Borkowski, LindaBradley, Martha Cathcart, Cynthia Deyling, Tomasso Falcone, Isador Lieberman, Thomas Masaryk, Atul Mehta,Conrad Simpfendorfer, T. Declan Walsh and Robert Wyllie; Messrs. David Strand (Chief Operating Officer),Steven Glass (Chief Financial Officer) and David Rowan (Chief Legal Officer); Drs. Paul DiCorleto (Chairman,Lerner Research Institute) and Andrew Fishleder (Chairman, Education Institute); and Ms. Linda McHugh(Assistant Secretary of the Cleveland Clinic, non-voting member).A-10
Principal Operating Officers. The day-to-day administration of the Cleveland Clinic is the responsibilityof its principal operating officers, for whom background information is set forth below:DELOS M. (TOBY) COSGROVE, M.D. (68), Chief Executive Officer and President; Chairman, Boardof Governors (October 2004-present). Experience: Chairman of the Department of Thoracic andCardiovascular Surgery, The Cleveland Clinic Foundation, 1990-2004; Professional Staff, Department ofThoracic and Cardiovascular Surgery, The Cleveland Clinic Foundation, 1976-1990; Associate Staff,Department of Thoracic and Cardiovascular Surgery, The Cleveland Clinic Foundation, 1975-1976. Posts& Committees: Member, Editorial Board, Annals of Thoracic Surgery, 1989-1998; Member, EditorialBoard, Journal of Heart Valve Disease, 1991-present; Member, Editorial Board, American Heart Journal,Circulation, and Cardiac Chronicle, 1996-present; Member, Society of Thoracic Surgeons, 1983-present;Member, American College of Surgeons, 1990-present; Member, American Association of ThoracicSurgery, 1983-present. Education: B.A. Williams College, 1962, M.D. University of Virginia School ofMedicine, 1966. Graduate Training: Internship, University of Rochester-Strong Memorial Hospital, 1966-1967; Residency, University of Rochester-Strong Memorial Hospital, 1967-1968; Residency,Massachusetts General Hospital, 1970-1972; Residency, Children’s Hospital of Boston, 1974.JOSEPH F. HAHN, M.D. (66), Chief of Staff; Vice Chairman of the Board of Governors (September2005-present). Experience: Member, Department of Neurological Surgery, The Cleveland ClinicFoundation, 1977-2005; Head, Section of Pediatric Neurosurgery, The Cleveland Clinic Foundation, 1977-1989; Chairman, Department of Neurological Surgery, The Cleveland Clinic Foundation, 1981-1987 and1992-1998; Professor of Surgery, Cleveland Clinic Foundation/OSU Health Sciences Center of The OhioState University, 1993-1999; Chairman, Division of Surgery, The Cleveland Clinic Foundation, 1987-2003;and Chairman, Cleveland Clinic Foundation Innovations, 2000-2005. Military experience: U.S. Air Force,1969-1971. Posts & Committees: Board of Directors, Nortech, 2002-present; Board of Directors,BioEnterprise, 2003-present; Board of Directors, OrthoMEMS, 2008; Board of Trustees, ClevelandInstitute of Art, 2000-present; Member, American College of Surgeons, 1978-present; Member, AmericanAssociation of Neurological Surgeons, 1979-present; Member, Congress of Neurological Surgeons, 1977-present; and Member, Society of Neurological Surgeons, 1978-present; Board Certification and Fellows:American Board of Neurological Surgery, 1978; Neuropathology, Fellow, University of Virginia, 1973-1974. Education: B.A. Johns Hopkins University, 1964; M.D. University of Virginia, 1968; and M.B.A.,Case Western Reserve University, 1990. Graduate Training: Internship, University of Michigan MedicalCenter, Surgical Intern, 1968-1969; and Residency, Neurological Surgery, University of Virginia, 1971-1976.DAVID R. STRAND (51), Chief Operating Officer (December 2007-present), Chief Emerging BusinessesOfficer (July 2007-present); Experience: President and Chief Executive Officer, LifeMasters SupportedSelfCare, 2003-2007; Chief Operating Officer, Allina Health Systems, Minneapolis, Minnesota, 2000-2002;President, Medica Health Plans, 1994-2000. Posts & Committees: Board of Trustees, Minnesota PublicRadio; Board of Trustees, American Public Media Group; Board of Directors, AcelleRX; Board ofDirectors, Autonomic Technologies (ATI); Board of Directors, IntElectMedical; Board of Directors,OrthoMEMS. Education: B.A. Gustavus Adolphus College, 1978; J.D. University of Minnesota LawSchool, 1981.STEVEN C. GLASS (42), Chief Financial Officer (June 2005-present), member of Board of Governors.Experience: Controller and Chief Accounting Officer, The Cleveland Clinic Foundation, 2002-2005; VicePresident and Chief Accounting Officer, MedStar Health, 1998-2002; Vice President and Controller, HelixHealth System, 1994-1998; and Director of Accounting, Good Samaritan Hospital, 1993-1994.Professional Affiliations: American Institute of Certified Public Accountants; Ohio Society of CertifiedPublic Accountants; and Healthcare Financial Management Association. Certification: Certified PublicAccountant. Education: B.S., Accounting, Towson University, Towson, Maryland, 1990.DAVID W. ROWAN (55), Chief Legal Officer, Chief Governance Officer and Secretary (June 2005-present), member of Board of Governors. Experience: General Counsel, The Cleveland Clinic Foundation,January 1995-June 2005 while remaining a partner with Squire, Sanders & Dempsey L.L.P.; Partner, 1987-2005, Management Committee 1993-1996, co-chair Health Care Section 1995-2005, Squire, Sanders &A-11
- Page 31 and 32: Medicare Conditions of Participatio
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Certain Emeritus TrusteesPresent/Past BusinessAffiliation or OccupationCommencementof Initial TermExpiration ofCurrent TermStephen R. Hardis*Retired Chairman and Chief Executive OfficerEaton Corporation1996 N/ANorma Lerner* Private Investor 2003 N/APatrick F. McCartan, Esq.* (3)Samuel H. Miller*Senior PartnerJones DayCo-Chairman of the BoardForest City Enterprises, Inc.1993 N/A1991 N/ARonald J. Ross, M.D.* Director Emeritus, Department of Radiology -Hillcrest HospitalChairman, Executive Committee, Board ofTrustees of <strong>Cleveland</strong> <strong>Clinic</strong> <strong>Health</strong> <strong>System</strong> –East Region1997 N/ARobert J. Tomsich*ChairmanNESCO, Inc.2000 N/A(1)(2)(3)(4)Chairman of the Board of Trustees of Lakewood.Chairman of the Board of Trustees of Children’s Hospital.Jones Day is acting as counsel to the <strong>Cleveland</strong> <strong>Clinic</strong> in connection with the issuance of the Series 2008 Bonds.Squire, Sanders & Dempsey L.L.P. is acting as bond counsel to the Issuer in respect of the Series 2008 Bonds and also represents the <strong>Cleveland</strong><strong>Clinic</strong> in certain matters.Board of Governors. The Board of Governors is charged with the responsibility for ensuring that qualityhealthcare is delivered to patients of the <strong>Cleveland</strong> <strong>Clinic</strong>. Pursuant to the Code of Regulations, the Board ofGovernors plans and administers the medical activities of the <strong>Cleveland</strong> <strong>Clinic</strong>, subject to the policies and authorityof the Board of Trustees. It also oversees the integration of research and education with other services provided bythe <strong>Cleveland</strong> <strong>Clinic</strong> and, subject to the concurrence of the Board of Trustees, is responsible for the appointment,promotion and termination of members of the Professional Staff in cooperation with Institute and departmentchairmen. The Board of Governors generally meets weekly.The Board of Governors consists of twelve members elected by the Professional Staff; a Chairman and aVice Chairman elected by the Board of Governors (who must be members of the Professional Staff but need not beone of such twelve members); two additional appointed members (the Chairman of the Lerner Research Institute andthe Chairman of the Education Institute) and the <strong>Cleveland</strong> <strong>Clinic</strong>’s Chief Financial Officer, Chief Operating Officerand Chief Legal Officer. The Board of Governors annually re<strong>com</strong>mends three of its members for election to theBoard of Trustees.Current members of the Board of Governors are Dr. Delos Cosgrove, Chairman and Chief ExecutiveOfficer; Dr. Joseph Hahn, Vice Chairman and Chief of Staff; Drs. Brian Bolwell, Raymond Borkowski, LindaBradley, Martha Cathcart, Cynthia Deyling, Tomasso Falcone, Isador Lieberman, Thomas Masaryk, Atul Mehta,Conrad Simpfendorfer, T. Declan Walsh and Robert Wyllie; Messrs. David Strand (Chief Operating Officer),Steven Glass (Chief Financial Officer) and David Rowan (Chief Legal Officer); Drs. Paul DiCorleto (Chairman,Lerner Research Institute) and Andrew Fishleder (Chairman, Education Institute); and Ms. Linda McHugh(Assistant Secretary of the <strong>Cleveland</strong> <strong>Clinic</strong>, non-voting member).A-10
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