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MetroHealth CFO Resigns

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Craig Richmond, the CFO of MetroHealth, has resigned after serving in the role for nine years, according to a statement from the Cleveland-based health system. The resignation comes on the heels of the firing of former president and CEO Akram Boutros, MD, by MetroHealth’s board of trustees for allegedly authorizing over $1.9 million in supplemental bonuses for himself without disclosing it to the board. Dr. Boutros has claimed retaliation by the board, and an investigation is ongoing.

Richmond joined MetroHealth in 2010 as the vice president of revenue cycle before becoming CFO in 2014. During his tenure, the health system doubled its revenue, secured financing for its campus transformation, and expanded several services across the community. Airica Steed, EdD, RN, the current president and CEO of MetroHealth, praised Richmond’s contributions, saying he “played a central role in helping the System effectively respond to the COVID-19 pandemic.”

In a statement to employees, Steed added that Richmond also improved the health system’s information technology and supply chain operations. In his absence, Geoff Himes, the former vice president of finance, will serve as the interim CFO, effective March 6. The health system has not commented on the reason behind Richmond’s resignation or whether it is related to the ongoing investigation into Dr. Boutros’ termination.

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