LMH Health has named former trustee Rob Chestnut as its next chief financial officer.
Chestnut will fill the position following a discovery in November 2023 that the CFO who had been on the job for about a month at the time was a convicted felon who had allegedly changed his name a year prior and lied about his identity. (Read more about that at this link.)
“Chestnut has more than 30 years of executive-level finance experience in a number of industries,” according to a Monday news release from the hospital. “He has over 10 years of executive experience in healthcare settings. In 2017, Chestnut received the Kansas City Business Journal CFO of the Year award. He most recently served as Chief Financial Officer of Evolution Research Group, a national clinical trials company managing sites in seven states.”
Chestnut said in the release that he is committed to working with his colleagues as an advocate for the health system in this community.
“My goal is to listen and facilitate an environment of transparency and trust within what I know to be a great organization,” Chestnut said in the release. “As a native son of Lawrence, I have great passion for serving the needs of my community with an organization that has done so for over 100 years.”
Chestnut served 12 years over multiple terms on the LMH board of trustees, most recently in 2023, according to the hospital’s website, and served on the board’s finance committee for six years. Trustees “oversee the organization, assuming ultimate responsibility for quality of care, patient safety, and the financial soundness and success of LMH,” according to the release.
“Rob has a clear commitment to LMH Health, which shows through his passion for the hospital,” Russ Johnson, LMH Health president and CEO, said in the release. “His years of financial experience with a range of organizations will be invaluable to us going forward.”
Chestnut holds a Bachelor of Science in accounting and an MBA from the University of Kansas. He is a member of the Institute of Management Accountants and an adjunct lecturer at KU’s School of Professional Studies, according to the release.
He also previously served on the Lawrence City Commission from 2007 to 2011.
Chestnut will start his position on May 20, according to the release.
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