Covenant President/CEO Spence Maidlow Unveils Succession Plan

Posted Date: 5/21/2014
For Immediate Release 

Covenant HealthCare President/CEO Spence Maidlow Unveils Succession Plan 

 Spence Maidlow
 Ed Bruff
At its most recent meeting, the Covenant HealthCare System Board of Directors approved a succession plan proposed by President/CEO Spence Maidlow. Maidlow’s plan includes transitions for several key executive positions and a restructuring of the executive team. 

Maidlow and Vice President/CFO, Mark Gronda, plan to retire as of December 31, 2014. Combined, the two have more than 70 years of service. Maidlow described who will take on their responsibilities beginning January 1, 2015. At Maidlow’s recommendation and with the unanimous support of the Covenant Board, Ed Bruff will transition from the Executive Vice President/COO position, to President/CEO of the organization. Kevin Albosta, current Director of Finance, will assume Gronda’s role as Vice President/CFO. Bruff has been part of the Covenant executive team since 1983, and has been COO since 1999. Albosta has been finance director at Covenant since 2002, with executive responsibilities for the Covenant budgeting process, strategic financial initiatives and new venture financial analysis. “I am profoundly grateful to be able to transition Covenant’s leadership into such capable hands,” says Maidlow.
Terry Niederstadt, Chairman of the Covenant HealthCare System Board of Directors, commented, “We have been very blessed to have Spence leading our healthcare organization and providing guidance- at the highest level- to all our staff and administration for the past thirty two years. One of the most important aspects of preparing for the future is to have high quality leadership in place. We have been working for many years to continuously assemble the right team to lead this complex organization and meet the challenges of the health care industry.” 

What began for Maidlow as a summer job in the laboratory at the former St. Luke’s hospital became the career of one of Michigan’s longest tenured health care CEOs.  He led Covenant through the acquisition in 1987 of Saginaw Osteopathic Hospital by St. Luke’s Hospital, and the merger of St. Luke’s and Saginaw General in 1998.  Now, nearly 16 years after the creation of Covenant, Maidlow continues to lead new ventures and diversification to enhance the organization’s viability and sustainability within the ever-changing health care landscape. 

To meet the changing needs, Covenant has been working to develop ways to strengthen relationships with medical staff and enhance the alignment of physicians with the organization. With this in mind, Maidlow and Bruff have developed a plan to change the executive leadership structure, eliminating the COO position and creating two Executive Vice President positions reporting directly to the CEO, one for hospital operations, and the other for the physician enterprise. This new structure will take effect in 2015. Dr. John Kosanovich has been immediately promoted to the new position of Executive Vice President of the Physician Enterprise with Dan George, current Vice President of Ambulatory Development, moving into the role of Executive Vice President for Operations. 

 “I am confident that these changes will help Covenant be successful in the future, and will further our efforts to provide extraordinary care for our patients,” says Maidlow. “It has been my privilege to work with many incredibly talented people on the Covenant team.”