Tenet Healthcare Chairman Joins H5 Board
Chairman of the Board of Directors of Tenet Healthcare to serve on H5’s Strategic Advisory Board
SAN FRANCISCO, CA - May 7, 2004 - H5, a leading developer of information discovery, analytic and threat detection applications, today announced the addition of Edward A. Kangas, Chairman of the Board of Tenet Healthcare Corporation, to H5’s Strategic Advisory Board.
Mr. Kangas joined the Tenet Healthcare Corporation Board of Directors in April 2003 and was elected non-executive Chairman of the Board in July 2003. Prior to assuming his current position, Mr. Kangas was Chairman and Chief Executive of Deloitte Touche Tohmatsu International, the global parent company of Deloitte professional practices worldwide. In his 33 years with the firm, Mr. Kangas has served in various professional capacities, concentrating in the areas of financial and strategic consulting, auditing and corporate finance.
"We are incredibly honored that Ed has chosen to join H5 as a member of our Strategic Advisory Board," said H5 CEO Nicolas Economou. "We view his decision to join H5 as a powerful endorsement of our team, technology and vision and we look forward to capitalizing on his strategic advice and counsel."
"Throughout my career as both a consultant and senior executive, I have witnessed the mounting challenges and costs related to large-scale, document-intensive litigation," stated Mr. Kangas. "I believe H5’s offering is a substantial breakthrough that will help corporations and their law firms regain control over the skyrocketing costs of document-intensive litigation, while ensuring that document review is achieved with unprecedented levels of accuracy and speed."
Mr. Kangas served as Chairman and Chief Executive Officer of Deloitte Touche from 1989 to 2000, designing and leading the integration of a worldwide firm that today has over 100,000 people in 140 countries. Under his leadership, the firm grew from $3.5 billion in revenues in 1989 to $11 billion in 2000. From 1989 to 1994, he also served as the Managing Partner of Deloitte & Touche (USA). Mr. Kangas began his career as a staff accountant at Touche Ross in 1967, where he became a partner in 1975. He was elected Managing Partner and Chief Executive Officer of Touche Ross in 1985, a position he held through 1989. He was one of the chief architects of the 1989 global combination of Deloitte Haskins & Sells and Touche Ross.
Since his retirement from Deloitte in 2000, Mr. Kangas has served as a consultant to Deloitte and as Chairman of the National Multiple Sclerosis Society, one of the nation’s largest health-related organizations. He is also a director of Hovnanian Enterprises Inc., a leading national homebuilder and a Trustee of the Committee for Economic Development.
About H5
At H5, we are dedicated to finding information that our clients need to win cases, meet regulatory requirements, and address risks before they become liabilities. By combining advanced technologies with expertise in search and information analysis, we deliver customized solutions to help corporations and law firms meet their legal discovery, compliance, and information management objectives. Numerous independent studies have proven that H5’s approach delivers greater cost savings and more accurate results than any alternative.