Tim Hingtgen has retired as CEO of Franklin, Tenn. -based Community Health Systems, but has entered into a consulting agreement to continue advising CHS’ management team on healthcare operations, according to a Sept. 30 filing with the Securities and Exchange Commission.
Four things to know
1. President and CFO Kevin Hammons has stepped into the role of interim CEO, with Jason Johnson, senior vice president and chief accounting officer, serving as interim CFO.
2. Under Mr. Hingtgen’s consultancy agreement, Mr. Hingtgen will advise CHS’ management on healthcare operations and strategy, as well as other projects assigned by Mr. Hammons or his designee.
3. The contract runs from Oct. 1, 2025, through Sept. 30, 2026. Mr. Hingtgen will receive $33,333 per month ($400,000 for the year) during that period and will be subject to noncompete, nonsolicitation and conflict-of-interest restrictions.
4. Mr. Hingtgen spent nearly 18 years with CHS, which operates 70 hospitals and more than 1,000 care sites across 14 states. He became CEO in 2021 after serving as president and COO from 2016 to 2020.
“My decision to retire this year is for personal reasons, including a desire to spend more time with my family and to pursue a few dreams I have for my life,” Mr. Hingtgen said in a news release. “This is the right time for me to do that. CHS is a great organization, and I’m confident that it will continue to advance in every possible way under the capable leadership of Kevin Hammons and the many other people who are leading CHS forward.”
