Sun Park has been appointed executive vice president and chief financial officer of Dallas-based Tenet Healthcare Corp., effective Jan. 1.
The move is part of the company’s planned chief financial officer transition. Park will serve as an EVP from July 11 through Dec. 31, the company said.
As previously announced, Dan Cancelmi, executive vice president & chief financial officer, will retire at year’s end. Park will succeed Cancelmi and report to Tenet CEO Saum Sutaria, M.D.
“I am pleased to welcome Sun to Tenet and believe his leadership experiences, coupled with his data-driven and outcomes-oriented approach, will serve our Company well as we continue to execute on our strategic priorities,” Sutaria said in a statement. “Sun’s well rounded leadership experience in corporate and operational finance will enable us to continue to unlock value for our shareholders as we continue to transform our portfolio.”
Park is an experienced healthcare executive with a track record of driving results, Tenet said. Park has strong leadership experience in corporate finance, operational finance, strategy, and corporate development.
Experienced healthcare CFO
Most recently, he was executive vice president and group chief financial officer for pharmaceutical distribution and strategic global sourcing at AmerisourceBergen.
In that role since 2018, Park most recently was responsible for commercial and operational finance for all of AmerisourceBergen’s global business units, representing more than $240 billion in annual revenues and serving healthcare providers, manufacturers, and patients.
Before joining AmerisourceBergen in 2012 to lead strategy and development, Park held progressive leadership roles at several global biotechnology and pharmaceutical companies, Tenet said.
Park will lead all aspects of Tenet’s finance function including financial planning & analysis, accounting, SEC reporting, internal audit, tax, treasury, government programs, and investor relations.
“It is a pleasure to have Sun joining Tenet. He is an experienced public company finance leader with an understanding of the healthcare services value chain. I look forward to partnering with Sun to ensure a smooth transition of leadership of our strong finance function at Corporate and across our business units,” Cancelmi said in a statement.
“I am excited to join Tenet Healthcare, a leading healthcare services company with a track record for growth and value creation,” Park said in a statement. “I am looking forward to building upon the strong financial foundation to further the company’s continued performance.”
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