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
H5 provides automated document review and information risk management services to Fortune 500 companies and their outside counsel for their litigation, preservation, and compliance needs. By combining advanced proprietary technologies with professional services and process design expertise, H5 delivers a fully integrated review system that is customized for each client’s needs—a system that is unparalleled in performance and backed by proof. As a result, law firms and corporate legal departments are able to demonstrably reduce the cost, risk, and time to completion typically associated with large-scale document review. For more information, visit www.h5.com.