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RICHARD L. CONTE SUCCEEDS JAMES W. CONTE AS CEO OF COMMUNITY PSYCHIATRIC CENTERS

 RICHARD L. CONTE SUCCEEDS JAMES W. CONTE
 AS CEO OF COMMUNITY PSYCHIATRIC CENTERS
 LAGUNA HILLS, Calif., April 15 /PRNewswire/ -- James W. Conte today announced his retirement as chief executive officer of Community Psychiatric Centers (NYSE: CMY). He will continue as chairman of the board until Nov. 30, 1992.
 The company's board of directors has elected CPC President Richard L. Conte to succeed his father as chief executive officer, effective today. He will continue to serve as president.
 The senior Conte's retirement is the fulfillment of a long-held intention, delayed to enable him to deal with recent problems and rapid changes in the psychiatric hospital industry. Richard Conte now takes the helm of a company well on the road to developing a comprehensive psychiatric services network, better designed to meet the needs of patients, clinicians, managed care organizations and other payers for quality and cost-effective mental health care. His priority is the establishment of a continuum of care, enhancing the provision of partial hospitalization, residential treatment services, intensive outpatient programs, low-priced chemical dependency treatment and other less restrictive services, while maintaining CPC's highly regarded inpatient programs.
 James Conte, 64, co-founded CPC in the early 1960s, took the company public in 1969, and helped lead CPC to more than two decades of uninterrupted growth. He was chief operating officer until 1977, president from 1977-1990, chief executive officer since 1977 and chairman since 1989.
 Richard Conte, 38, was general counsel of CPC from 1980-1990; vice president from 1981-1985 and executive vice president from 1985-1989, supervising CPC's dialysis, home health and European divisions; chief financial officer from 1989-1991; and president since 1990. He also launched the Managed Care Division in January 1991.
 Community Psychiatric Centers owns and operates 50 psychiatric hospitals in the United States, Puerto Rico and the United Kingdom.
 -0- 4/15/92
 /CONTACT: Suzanne Hovdey of Community Psychiatric Centers, 714-831-1166/
 (CMY) CO: Community Psychiatric Centers ST: California IN: HEA SU: PER


EH -- LA012 -- 8504 04/15/92 09:03 EDT
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Publication:PR Newswire
Date:Apr 15, 1992
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