Investing.com- Tenet Healthcare Corporation (NYSE:THC)shares spiked higher on Friday after Randy Simpson and Matt Ripperger have resigned the board due to "irreconcilable differences."
Both board members joined as nominees of employer Glenview Capital Management. On Thursday, they issued a joint letter to the board with their immediate withdrawals. "We are writing to confirm our resignation from the Board of Directors of Tenet Healthcare Corporation, effective immediately, due to irreconcilable differences regarding significant matters impacting Tenet and its stakeholders," the two write in their letter.
Randy Simpson was a member of the Board of Director’s Nominating and Corporate Governance Committee, and the Quality, Compliance & Ethics Committee. Matt Ripperger served on the Board of Director’s Human Resources Committee.
Tenet Healthcare closed Friday’s session up 14.5%