Select Medical Holdings Corp. co-founders Robert A. Ortenzio and Rocco A. Ortenzio are moving to chairman positions, and President David S. Chernow will add CEO to his title effective Jan. 1, the company announced today.
Chernow has been the Lower Allen Township-based company's president since September 2010 and served on its board from August 2005 to September 2010. The company said he will continue to report directly to Robert A. Ortenzio.
"The board's appointment of David as chief executive officer recognizes his value to the company and my confidence in the executive team we have in place to run the operations of a large company," Robert A. Ortenzio said in a news release.
"As president, I have been working extensively with the company's senior leaders to understand the company's many opportunities and challenges," Chernow said. "I have confidence in the company's strong leadership team, and look forward to continuing our efforts and working with our employees and partners to further strengthen our services and our position in the nation's post acute care continuum."
Robert A. Ortenzio has been CEO since February 2005, and the board appointed him to serve as the company's executive chairman and co-founder. His new role will continue to focus on overall company strategy, mergers and acquisitions, and government and investor relations. He also will continue to serve as a member of the company's board.
Rocco A. Ortenzio has been the company's executive chairman since February 2005, and the board appointed him to serve as vice chairman and co-founder. He will also continue to serve as a member of the board.