Tenet Board Appoints Chris Lynch as New Independent Director

DALLAS–(BUSINESS WIRE)–Tenet Healthcare Corporation (NYSE: THC) today announced the appointment
of Christopher S. Lynch to its Board of Directors. Lynch is the former
National Partner in Charge of the Financial Services division at KPMG,
LLC and has served as an independent director for over a decade at both
American International Group, Inc., where he currently serves, and
Federal Home Loan Mortgage Corporation, or Freddie Mac, from which he
recently retired. Lynch’s appointment will become effective on August 7,

Bob Kerrey, Lead Director, said, “We are so pleased to welcome Chris to
the Tenet Board, and look forward to drawing from his nearly three
decades of professional experience at KPMG, as well as his service as a
director at large public companies. His knowledge of highly regulated
industries and skills in critical areas like finance, audit and risk
management will be a strong complement to our Board.”

Ron Rittenmeyer, Executive Chairman and CEO, said, “Chris is incredibly
well-regarded for his leadership and sharp capabilities, and I am
confident his contributions will benefit the entire Tenet enterprise.
Following Chris’ appointment in August, we will have refreshed 55
percent of our Board in under two years through the addition of six
independent directors, and 70 percent of our independent directors will
have a tenure of approximately four years or less. We have embraced our
commitment to further enrich and diversify Board expertise and introduce
new perspectives that accelerate positive change.”

Biographical Information: Chris Lynch

Lynch served as National Partner in Charge of the Financial Services
division at KPMG, LLC from 2004 until his retirement in 2007. Prior to
that, he held a variety of positions at KPMG during his 29-year tenure,
including chair of KPMG’s Americas Financial Services Leadership team
and a member of the Global Financial Services Leadership and the U.S.
Industries Leadership teams.

He currently serves as an independent director of American International
Group, Inc. (AIG), a position he has held since July 2009. From 2008 to
2019, he also served as a director of Federal Home Loan Mortgage
Corporation (Freddie Mac), where he was the former Non-Executive
Chairman of the Board. Lynch has chaired audit committees of both AIG
and Freddie Mac and has relevant committee experience on Risk,
Compensation and Nomination and Corporate Governance.

Lynch is a member of the Advisory Board of the Stanford Institute for
Economic Policy Research and a member of the Audit Committee Chair
Advisory Council of the National Association of Corporate Directors. He
received a Bachelor of Science in Accounting from the University of

About Tenet Healthcare

Tenet Healthcare Corporation (NYSE: THC) is a national diversified
healthcare services company headquartered in Dallas, TX, with 110,000
employees. Through an expansive care network that includes United
Surgical Partners International, we operate 65 hospitals and
approximately 500 other healthcare facilities, including surgical
hospitals, ambulatory surgery centers, urgent care and imaging centers
and other outpatient facilities. We also operate Conifer Health
Solutions, which provides revenue cycle management and value-based care
services to hospitals, health systems, physician practices, employers
and other customers. At the center of everything we do is a commitment
to deliver the right care, in the right place, at the right time, and to
continually improve and advance the healthcare delivery system in the
markets we serve. For more information, please visit www.tenethealth.com.

The terms “THC”, “Tenet Healthcare Corporation”, “the company”, “we”,
“us” or “our” refer to Tenet Healthcare Corporation or one or more of
its subsidiaries or affiliates as applicable.

Tenet uses its company website to provide important information to
investors about the company including the posting of important
announcements regarding financial performance and corporate developments.


Investor Contact:
Brendan Strong
[email protected]

Media Contact:
Lesley Bogdanow
[email protected]

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