A veteran financial executive and long-time board member has taken over as leader of the MetroHealth System’s trustees.
The Cuyahoga County-owned health system appointed Ronald G. Fountain (pdf) as chairman of its trustee board at its April 28 annual meeting.
New management led MetroHealth in Cleveland to a financial turnaround in 2009. This year, the system’s challenge will be investing wisely in its aging facilities and perhaps building new ones.
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The system has seen some trustee and executive turnover lately, and it is trying to recover from a blow to its credibility dealt by a former vice president of construction and facilities who pleaded guilty last year to taking bribes in exchange for inflated construction contracts.
Fountain has been a MetroHealth trustee since October 1997 and has chaired its finance committee for the last year. He also has served on the board’s audit and executive committees. His board term expires in 2013.
Outside of MetroHealth, Fountain has been dean of the School of Business at Walsh University in North Canton, Ohio, since July 2008. He has been a professor of management at Walsh since 2003 and an adjunct professor at Case Western Reserve University’s Weatherhead School of Management since 1996.
Fountain has a long list of financial and business accomplishments. Among them, he:
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- Served as chief financial officer for two Fortune 500 companies.
- Led an investor and public relations firm, and led a turnaround-management consultant.
- Co-founded a business process improvement, financial and strategic management advisory firm.
- Led and managed dozens of business combination and recapitalization transactions.
He serves as a speaker and author on effective leadership and management, organizational change, corporate finance, corporate value creation, and investor and banking relations. He also is a co-founder and partner of Capital Acceleration Partners, a strategic business consultant in Cleveland.
Fountain takes over as MetroHealth trustee chairman for William S. Gaskill, who has been named vice chairman. Gaskill has served on the MetroHealth board since 1980.
