SALINAS, CA, February 12, 2013—Salinas Valley Memorial Healthcare System today announced that Matt Gerlach has accepted the position of President/CEO. The announcement comes after the board of directors conducted a five-month executive search to find the right person to lead the organization.
“Matt is an exceptional leader, and he is just the right person to see this organization though the transformational years to come,” said Harry Wardwell, president of the Salinas Valley Memorial Healthcare System board of directors. “We are very fortunate to have someone of Matt’s caliber join our organization. He brings a proven track record of success, a talent for strategic thinking, and a commitment to exceptional healthcare.”
Gerlach is currently Vice President/Chief Operating Officer at Glendale Memorial Hospital and Health Center in southern California. His background includes executive positions with Providence Health and Services, Kaiser Foundation Hospitals and Health Plan, and USC University Hospital.
After a unanimous vote by members of the Salinas Valley Memorial Healthcare System Board of Directors, board president Harry Wardwell noted, “Beyond Matt’s professional qualifications, what impresses us is his commitment to community engagement. Matt takes his leadership talent outside the walls of his hospital, and actively engages with his community. He has received a number of awards for his community service as well as his professional accomplishments. Matt is a top notch individual, and we look forward to welcoming him to the Salinas Valley Memorial family.”
The SVMHS board also unanimously approved the executive compensation term sheet and the salary scale for the position. In setting the salary scale, SVMHS utilized data from a market analysis of CEO salaries at similar organizations, and targeted a salary between the 25th and 75th percentile of the peer group, or $335,500 to $522,100. Gerlach will earn $450,000 in annual salary. His health and pension benefits will be exactly the same as all other non-affiliated employees at SVMHS.
Gerlach joins Salinas Valley Memorial at a time when the Healthcare System has shown great success in meeting the financial challenges of the past. SVMHS has moved to positive cash flow, is working toward designation as a Level II Trauma Center, and has been certified by the Joint Commission as a primary stroke center. SVMHS has been designated as a heart attack receiving center. SVMHS has also received national recognition for quality. After a review of clinical outcomes, HealthGrades named SVMHS as a top hospital in twelve different disciplines.
Gerlach and his wife of 27 years have 4 children. He is expected to take the helm at SVMHS in late March.
About Salinas Valley Memorial Healthcare System
Salinas Valley Memorial Healthcare System is an integrated network of health care programs, services and facilities. At the core of the system is an acute care hospital with several distinct specializations and programs, including the Regional Heart Program, the Comprehensive Cancer Center, a Level III Neonatal Intensive Care Unit, Joint Replacement Center, Regional Spine Center and Sleep Medicine Center, as well as advanced imaging and diagnostic tools.
For more information, visit www.svmh.com.