Tenet Healthcare President to Retire

Tenet Healthcare Corp., the second-largest U.S. hospital operator, said Michael H. Focht Sr. will retire as president and chief operating officer by May 31, and his job will be divided between two executive vice presidents. Focht, 56, will remain on Tenet’s board. Trevor Fetter, 39, executive vice president and chief financial officer, and Thomas B. Mackey, 50, executive vice president for operations in the Western U.S., will share responsibilities within the office of president. Fetter will handle corporate functions, while Mackey will be responsible for the company’s operations. Fetter will be chief corporate officer and Mackey will be chief operating officer. Shares in the Santa Barbara-based company fell 13 cents to close at $22.63 on the New York Stock Exchange.