Wayne T. Smith's career in healthcare and governance is a testament to his dedication and leadership skills. He has served in various roles, including as a hospital administrator and a government official.
Wayne T. Smith's experience in healthcare administration has been extensive, with over 30 years of service. He has held leadership positions in hospitals and healthcare organizations, guiding them through periods of growth and change.
Smith's governance experience is equally impressive, with a strong background in public service. He has served on various boards and commissions, bringing his expertise to the table to make informed decisions.
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Wayne T. Smith's Career with Humana and CHS
Wayne T. Smith started his career with Humana Inc. in the 1970s, working there for 23 years.
He served as Humana's president and chief operating officer (COO) from 1993 to 1996 and also served on the board of directors.
Smith joined Community Health Systems (CHS) in January 1997 as its president, and was appointed chief executive officer (CEO) in April of the same year.
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CHS' annual revenue at the time was $740 million, and Smith's leadership skills and industry knowledge earned him a position as chairman of the Federation of American Hospitals in May 2003.
Smith led CHS to one of the healthcare industry's strongest records of annual compound growth between 1997 and 2010, bringing the company's net revenue from $742 million to around $13 billion.
Early Humana and CHS Roles (1970s-2000)
Wayne T. Smith's career in the healthcare industry began with a stint in the Medical Service Corps of the United States Army.
He responded to a newspaper advertisement for a job at Humana Inc. in 1974, a company based in Louisville, Kentucky.
Smith worked at Humana for twenty-three years, serving as president and chief operating officer (COO) from 1993 to 1996.
He also served on the board of directors during his time at Humana.
In January 1997, Smith became the president of Community Health Systems (CHS), a health care company based in Franklin, Tennessee.
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At the time, CHS's annual revenue was $740 million.
Smith was appointed CEO of CHS in April 1997, while retaining his role as president.
He was appointed chairman of CHS in February 2001, and went on to serve as president, CEO, and chairman simultaneously.
Smith's leadership skills and knowledge of the industry earned him a position as chairman of the Federation of American Hospitals in May 2003.
Early Work with CHS (2001-2012)
Wayne T. Smith's early work with CHS was marked by significant achievements, starting in 2006 when he was ranked second on the Business Journal's list of highest-paid public-company CEOs in Nashville area.
He led CHS to the third-best company performance on the list that year. Smith's leadership resulted in CHS' net revenue growing from $742 million to around $13 billion between 1997 and 2010.
In 2007, Smith led the acquisition of Triad Hospitals, a company in Plano, Texas, which nearly doubled CHS' size and added over 50 hospitals. By the following year, CHS controlled 119 hospitals in 28 states.
The Business Journal ranked Smith as "fairly paid" comparative to CHS' performance in both 2009 and 2015. However, CHS shareholders voted "no" on say on pay in both 2011 and 2016, with the board terming the 2011 vote "disappointing".
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Corporate Governance Roles
Wayne T. Smith has held various corporate governance roles throughout his career. He served on the board of directors at Humana Inc. from an unspecified date to 1997.
Smith was appointed to the board of directors at Air Products in 2021. He brings extensive experience as a top-level leader in the industrial gas sector to the board.
As chairman and CEO of BASF Corporation, Smith was responsible for several business units, including Monomers, Performance Materials, Petrochemicals, Intermediates, and North America. He held this position from May 2015 to his retirement.
Smith also served on the board of management directors of the parent company, BASF SE, since 2012. He was a member of the board of Inter Pipeline in addition to Air Products.
Smith's education includes a Bachelor of Science degree in Chemical Engineering from Syracuse University and a Master's in Business Administration from the Wharton School of the University of Pennsylvania.
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