The Vanderbilt University Board of Trust has elected members for an independent governing board for Vanderbilt University Medical Center.
In November 2014, Vanderbilt's Board of Trust directed the university's senior leadership to reconfigure the academic medical center as a nonprofit that is financially distinct from Vanderbilt University.
The independent board's initial task is to begin planning for VUMC to operate as a separate entity. The governing board will oversee the medical center once it is has completed a full financial and administrative transformation from the university.
Jeff Balser, MD, who currently serves as vice chancellor for health affairs, will become president and CEO of VUMC and will continue as dean of Vanderbilt University School of Medicine. Chancellor Nicholas S. Zeppos will also serve on the VUMC governing board. They are joined by nine others with experience in health system management, biomedical research, technology development and transfer, law and banking. Four of the nine, including Mr. Zeppos, are current members of the Vanderbilt University Board of Trust.