| News - Friday, May 20, 2011
El Camino Hospital names interim CEO
by Nick Veronin
El Camino Hospital has named an interim CEO to serve in the place of departing CEO Ken Graham until a permanent replacement is found.
Ned Borgrstrom, the hospital's current interim chief financial officer will soon fill two roles — that of CFO and CEO.
"Ned's rich background overseeing finances and administration for large health systems and medical centers makes him well-suited for the role of interim CEO," John Zoglin, chairman of El Camino's board of directors, said in a statement released by the hospital. "He is already familiar with our operations and he has previous CEO experience."
Before coming to El Camino, Borgrstrom was the interim CFO of Kaiser Permanente's Northern California division, which serves 3.3 million members over 20 hospitals. Before that he was senior vice president of finance and administration at the three-hospital Exempla Healthcare in Denver, Colo.
The hospital is currently conducting a nationwide search for a new CEO in partnership with Russell Reynolds, a San Francisco-based executive search firm. He holds an M.B.A. from Stanford University.
Once a new CEO is hired, that CEO will appoint a permanent CFO.
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