Baylor Scott & White Health Executive Shake-up Continues as CFO Departs

Baylor Scott & White Health’s chief financial officer has resigned, throwing a vacancy into an executive suite that has seen some shake-up recently.

Fred Savelsbergh left on February 1, according to a letter sent to employees by Baylor Scott & White Health President Pete McCanna. Savelsbergh had been with the company for 35 years. He was named Baylor Health Care System’s CFO in 2009 and retained the role after the merger.

Savelsbergh’s resignation comes hand-in-hand with the departure of Janie Wade, who had been senior vide president of finance for Baylor Scott & White Health since 2013. She took the CFO job at Broomfield, Colorado-based SCL Health last month.

Chief Legal Officer Stephen Boyd stepped down last fall.  Boyd moved on quickly to a new job; the website for the Dallas-based firm Shackelford, Bowen, McKinley & Norton says he started there in September. Baylor Scott & White Health named Boyd’s replacement as well as three other senior leaders in November.

McCanna didn’t give a reason for the departure but said Savelsbergh is “looking forward to spending time with his family, and determining what he feels called to do next in his career.”

McCanna will be the interim CFO while the company undergoes a national search for a permanent fill.

Here’s McCanna’s message in full:

Dear Colleagues,

With deep appreciation for his more than 35 years of service, I want to announce that Chief Financial Officer Fred Savelsbergh plans to leave the organization effective Feb. 1.

Fred started as a corporate staff accountant with legacy Baylor Health Care System in 1982. He has held several leadership roles, both financial and operational. Fred’s contributions to the System are numerous and include providing critical analysis and leadership during and after the 2013 merger. During his tenure as CFO, the System’s total assets grew from $3.7 billion to $11.8 billion; and its total operating revenue grew from $2.59 billion to an estimated $9.5 billion.

Additionally, Fred has received recognition from both local and national organizations for his work. In 2013, the Dallas Business Journal recognized him with their CFO Lifetime Achievement Award for his many accomplishments not just in finance, but also as a business and community leader.

Fred will be missed by many with whom he interacted during his years of service. He is now looking forward to spending time with his family, and determining what he feels called to do next in his career.

I will serve as President and Interim Chief Financial Officer while a national search is launched for a new CFO.

Please join me in thanking Fred and wishing him the best.

Sincerely,

Pete McCanna

President

Baylor Scott & White Health