Baptist Health has named Stephen R. Oglesby as its new chief financial officer, to replace Carl Herde, who is scheduled to retire at the end of September.
Oglesby joined Baptist in 1993 and has most recently served as vice president of financial strategy and integration. He led the process to acquire Floyd Memorial Hospital and Health Services, which will take effect on Oct. 1. His role also oversees system initiatives including the coordination of large capital projects and acquisitions, financial planning and forecasting, and development of financial plans to supplement corporate strategic plans.
“We are truly fortunate to have a successor in line of Steve’s caliber to ensure a smooth transition,” said Steve Hanson, chief executive officer, in a media release. “Steve has worked closely with Carl since joining his team in 1993, so we believe this not only provides a seamless transition, but also brings a wealth of history and background to the role that we would miss in Carl’s absence.”
Carl Herde was named as vice president and chief financial officer in 1993. He began his 32-year career at Baptist as corporate controller.
“We are grateful for Carl’s fiscal leadership and guidance as Baptist Health has grown from a five-hospital organization to a more than $2 billion system,” Hanson said. “Carl’s critical role in overseeing Finance, Revenue Cycle, Supply Chain and Decision Support – in addition to his work with the Finance Committee of our Board of Directors – has helped our organization navigate the financial challenges facing healthcare companies across the nation.”
Herde has been recognized for his public service, most recently with the 2010 Business First CFO of the Year Community Service Award. He has also chaired the Kentucky Medicaid Technical Advisory Committee since 2006, and is on the boards of the American Excess Insurance Exchange (AEIX) and Stock Yards Bancorp, Inc.
Oglesby will officially assume the role of CFO on September 1, to allow a month overlap of roles to ease the transition.