Hospital operator also raises $2.8B to buy back ’23 debt
Tim Hingtgen
The directors of Community Health Systems last week formally tapped President and COO Tim Hingtgen to succeed Wayne Smith as the company’s CEO, giving him a $200,000 bump in pay along the way.
Hingtgen, 52, has been with CHS since 2008. He was named a division president in 2014 and two years later was first named executive VP of operations and then COO, setting him up as the man to follow Smith as CEO. In that job, which he’ll take on Jan. 1, Hingtgen will receive a base salary of $1.2 million versus the $1 million he was being paid this year.