The Times West Virginian

Local News

September 24, 2013

Marquardt resigns as FGH’s president, CEO

Peggy Coster named as hospital’s interim president and CEO

FAIRMONT — Robert C. Marquardt, president and chief executive officer of Fairmont General Hospital, has resigned from his position.

Attorney Mike Garrison of Spilman Thomas & Battle PLLC, general counsel for FGH, provided a statement Monday on behalf of the hospital’s Board of Directors saying that Marquardt’s resignation is effective immediately.

Garrison said Peggy Coster has been named as the interim president and CEO of Fairmont General. Michael Lane, of Hammond Hanlon Camp LLC, will serve as the hospital’s chief restructuring officer.

In the statement, board chairman Mike Martin added comments regarding Marquardt’s resignation.

“The board would like to thank Mr. Marquardt for his service to the hospital and is excited to continue the important and urgent work of the Chapter 11 restructuring process with Peggy Coster and Mike Lane in positions of leadership,” Martin said. “The board is most interested in playing an active role in this restructuring process and working closely with our advisers to maintain a high-quality acute care hospital here in Marion County.”

Marquardt could not be reached for comment in time for this report.

His resignation comes just weeks after FGH declared Chapter 11 bankruptcy. Marquardt said earlier this month that there was hesitancy by the board to make the move, but he said the filing would enable the hospital to reorganize its debts so that it would be stronger financially and more valuable to possible strategic partners.

“It’s obviously a step we would have preferred not to have to take, but I think it is very clear that if we are going to go forward, we have to take this step,” he said following the announcement to declare bankruptcy.

The FGH Board of Directors unanimously accepted Marquardt’s resignation at its Monday meeting.

In other business:

• Dr. Robin Smith will fill the position of treasurer for the Board of Directors effective Oct. 1 when current treasurer Randy Elliott’s resignation becomes official.

• The board made bylaw revisions changing the minimum number of members of the Board of Directors from nine to five.

Email Kaylyn Christopher at kchristopher@timeswv.com or follow her on Twitter@KChristopherTWV.

1
Text Only
Local News
  • Children's Hospital Donation 2 - CB.jpg Students raise money for WVU Children’s Hospital

    Children from Sunbeam Early Learning Center visited West Virginia University’s Children’s Hospital Wednesday to make a special delivery.
    Two students, Niasia Payne, 10, and Desiree Balch, 11, held a bake sale at Sunbeam July 9 and 10 to raise money for the hospital and set a goal for $50.

    July 24, 2014 1 Photo

  • Fairmont seeks to rebrand itself

    The city of Fairmont is starting to try to reach out to residents in new ways.
    The city created a new position, Fairmont program manager of marketing and communications, to help facilitate the effort.
    Hanna Weaver said she started the job around four weeks ago. She is originally from the Eastern Panhandle and Potomac Highlands region, and her previous job was working as executive director of the Grant County Convention and Visitors Bureau.

    July 24, 2014

  • TWV, ARC sponsoring blood drive Friday at FSHS

    The American Red Cross is facing a blood shortage.
    According to the American Red Cross, there have been 80,000 fewer blood donations given since May than expected. This has created an urgent need for blood donations as the Red Cross may soon face a blood shortage.

    July 24, 2014

  • Bridgeport man charged with threatening officer

    A plaintiff in a four-year-old fraud cause is now being accused of not only threatening a State Police officer, but also the lives of the officer’s wife and children.
    Christopher John Domico, 37, of Bridgeport, was arrested Wednesday and charged with retaliation against public officers and witnesses.

    July 24, 2014

  • Mary Jane and Patches -ts.jpg Can-Do campers learn about emergency safety: PHOTOS

    Patches and his fire truck “pumper” made a special visit to the Can-Do summer camp.
    Can-Do summer camp, held at the Disability Action Center, is a week-long camp that is intended for individuals with disabilities. Wednesday began with a lesson about emergency safety.

    July 24, 2014 6 Photos

  • Korean War Memorial seeks funds from county commission

    The Korean War Memorial was suggested to be completed in phases.
    Marion County Development office director Charlie Reese was assigned to review and make a recommendation on what steps the memorial needs to complete to earn more funding. During the last meeting, the Korean War Memorial project had requested $8,000.

    July 24, 2014

  • Fairmont reaching out in new ways

    The city of Fairmont is starting to try to reach out to residents in new ways.

    July 23, 2014

  • Police: Plaintiff threatens trooper, wife and children

    A plaintiff in a four-year-old fraud cause is now being accused of not only threatening a State Police officer, but the lives of his wife and children.

    July 23, 2014

  • Children's Hospital Daycare bake sale reaches 10 times goal for children's hospital

    Children from Sunbeam Early Learning Center visited West Virginia University's Children's Hospital today to make a special delivery.

    July 23, 2014 1 Photo

  • Rescue Squad at DAC.jpg Patches teaches home safety to DAC campers

    Patches and his fire truck “pumper” made a special visit to the Can-Do summer camp.

    July 23, 2014 1 Photo

Featured Ads
TWV Video Highlights
NDN Editor's Picks
House Ads