Friday, September 19, 2008

Cathy E. Minehan elected chair of the MGH Board of Trustees

Cathy E. Minehan, managing director of Arlington Advisory Partners, today was named chair of the Massachusetts General Hospital Board of Trustees. She succeeds Edward P. Lawrence, Esq., who made the decision to step down as chairman of the hospital’s governing board after leading the 15-member group since 1999. Minehan, the former president and chief executive officer of the Federal Reserve Bank of Boston, has served as an MGH trustee since 2002. She is the first woman to lead the MGH’s governing body in the organization’s 200-year history.

 

“We are pleased that Cathy has accepted this vital MGH leadership role,” says Peter L. Slavin, MD, MGH president. “She has been an invaluable member of our board for the past six years, willingly sharing her wisdom, perspectives and ideas. The MGH clearly has benefited from Cathy’s breadth of experience, enthusiasm and steadfast commitment to advancing the hospital’s mission for our patients and their families, staff and friends. And with her expanded role on the board, I know that the governance of this hospital will continue to be in great hands in the years ahead.”

 

Minehan, who has served as chair of the MGH Finance Committee, has brought extensive business insight and strategic guidance to the hospital’s financial operations. With a keen eye, she worked to foster the integration of business, hospital operations and strategic growth, helping to lead the Finance Committee through significant capital decisions, including the approval the Building for the Third Century, a 10-story, 530,000-square-foot clinical facility now under construction, as well as the purchase of Charles River Plaza office space. In addition to her role as an MGH trustee, she has served as a member of the boards of Partners HealthCare and the MGH Institute of Health Professions.

 

Minehan, along with her husband, E. Gerald Corrigan, are longtime champions of the MGH. They have provided significant support for the capital needs of the hospital and for the care of women's cardiac health.  In recognition of that support, the hospital established the Linda Anne Barlow Cardiac Surgical Intensive Care Unit and the Elizabeth Anne and Karen Barlow Corrigan Women’s Heart Health Program at the MGH.

 

“MGH is an incredible and in many ways unique asset to health care here in Boston and the world more broadly,” Minehan says. “I am continually awed by the work that is done there, and I look forward to contributing to that work even more directly as chair of the MGH board.”

 

Minehan takes over a board that has benefited from the strong and steady leadership of Ed Lawrence, a retired partner at Ropes and Gray. During his nine-year tenure as MGH chairman, Lawrence helped the institution achieve many significant milestones, including creating and expanding programs aimed at improving community health, building the Yawkey Center for Outpatient Care and the Richard B. Simches Research Center, and establishing the Massachusetts General Hospital/Massachusetts General Physicians Organization Center for Quality and Safety.

 

“We have been fortunate indeed to have such outstanding leadership of our board,” Slavin says. “Ed has been active, engaged and truly committed to advancing the MGH as a health care resource locally, nationally and globally. We are deeply grateful for his guidance and service, and I look forward to his continued involvement in the future of this hospital.”

 

Minehan earned her bachelor’s degree in political science from the University of Rochester in 1968 and her masters in business degree with distinction from New York University in 1977. She began her nearly 40-year career at the Federal Reserve Bank of New York in 1968. In 1991, she moved to the Federal Reserve Bank of Boston, where she was the first vice president and chief operating officer. In 1994, she became the bank’s president and chief executive officer and a member of the Federal Open Market Committee. Her service continued until mid-2007.

 

In addition to her MGH and Partners relationships, Minehan serves on the board of the University of Rochester and as chair of the Massachusetts Governor’s Council of Economic Advisors. She serves on the corporate boards of Becton, Dickinson and Co. and Visa, Inc.

 

About the Massachusetts General Hospital

Founded in 1811, the MGH is the third oldest general hospital in the United States and the oldest and largest in New England. The 900-bed medical center offers sophisticated diagnostic and therapeutic care in virtually every specialty and subspecialty of medicine and surgery. Each year the MGH admits more than 46,000 inpatients and handles nearly 1.5 million outpatient visits at its main campus and health centers. Its Emergency Department records nearly 80,000 visits annually. The surgical staff performs more than 35,000 operations and the MGH Vincent Obstetrics Service delivers more than 3,500 babies each year. The MGH conducts the largest hospital-based research program in the country, with an annual research budget of more than $500 million. It is the oldest and largest teaching hospital of Harvard Medical School, where nearly all MGH staff physicians serve on the faculty. The MGH is consistently ranked among the nation’s top hospitals by US News and World Report.


Peggy Slasman, pslasman@partners.org, (617) 724-2750

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