COVENTRY CORPORATION ANNOUNCES MANAGEMENT CHANGES.NASHVILLE, Tenn.--(BUSINESS WIRE)--Dec. 15, 1995--Coventry Corporation (Nasdaq/NM:CVTY) today announced that the Board of Directors had accepted the resignation of Philip Hertik, chairman, president and chief executive officer of Coventry. Mr. Hertik resigned his position to pursue other interests. The Board will begin a search immediately to fill the vacancy. The Company also announced that Larry Kugelman, previously executive vice president of American Medical International, an owner and operator of 36 acute care hospitals, and a member of Coventry's Board of Directors since 1992, will assume the position of president and chief executive officer on an interim basis. Mr. Kugelman has been an executive in the managed care industry for over 20 years, during which time he has served as president and chief executive officer of Health Plan of America and CIGNA CIGNA CG (Connecticut General Life Insurance Company) INA (Insurance Company of North America) Healthplans of California. Mr. Kugelman received his Bachelor of Arts degree from St. Johns University and his M.B.A. from Vanderbilt University Vanderbilt University, at Nashville, Tenn.; coeducational; chartered 1872 as Central Univ. of Methodist Episcopal Church, founded and renamed 1873, opened 1875 through a gift from Cornelius Vanderbilt. Until 1914 it operated under the auspices of the Methodist Church. . John H. Austin, M.D., was elected chairman of the board of Coventry Corporation. Dr. Austin is president of the Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. Division of UniHealth, one of the nation's largest healthcare networks. He has been a member of the Board for Coventry since 1988. He received his M.D. degree in 1970 from the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). at San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and his Masters of Public Health degree in 1972 from Harvard University Harvard University, mainly at Cambridge, Mass., including Harvard College, the oldest American college. Harvard College Harvard College, originally for men, was founded in 1636 with a grant from the General Court of the Massachusetts Bay Colony. . The Company also announced that Richard H. Jones was elected to the Board of Directors. In addition to his new responsibilities as a Board member, Mr. Jones will continue his current role as senior vice president, finance and development, and treasurer. Mr. Jones joined Coventry Corporation in 1990 as corporate controller. Coventry Corporation, headquartered in Nashville, Tennessee “Nashville” redirects here. For other uses, see Nashville (disambiguation). Nashville is the capital and the second most populous city of the U.S. state of Tennessee, after Memphis. , is a managed health care company that provides a wide range of health benefits and services to a broad cross section of employer and government-funded groups in Pennsylvania, Ohio, West Virginia, Missouri, Illinois, Virginia and Florida. The Company operates from regional headquarters in Pittsburgh and Harrisburg, Pennsylvania; St. Louis, Missouri; Richmond, Virginia; and Jacksonville, Florida. CONTACT: Coventry Corp., Nashville Richard H. Jones, 615/391-2440 |
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