Media Advisory – Financial Leadership at Cascadia in Transition

TO Oregon news media, interested community members
FROM Derald Walker, Chief Executive Officer
DATE July 9, 2008
RE Financial leadership at Cascadia in transition

Cascadia Behavioral Healthcare Chief Executive Officer Derald Walker, Ph.D., today announced a transition of financial leadership within the company, preparing Cascadia to take the next steps in becoming a leaner, stronger nonprofit corporation.

Chief Financial Officer Chip Burczak is set to leave Cascadia on July 22. Walker and Burczak will work with other senior management until then to effect a smooth transition. Multiple financial accounting systems that had previously been working separately are now fully integrated. New talent and systems within the Accounting Department are working at high performance. Given the strength of the current accounting infrastructure that Burczak has created in his four months with the company Walker is in a position to thoughtfully recruit a new CFO.

Walker is arranging to supplement financial operations in the Accounting Department by temporarily bringing in new team members while the transition is being effected.

The Executive Committee of the Board of Directors met this morning to review and finalize plans for the transition of Cascadia’s financial operations. The Board is actively involved in advising on next steps.

Following a conversation with Multnomah County leadership this morning Walker reported the continuing support of the County going forward as Cascadia and the County effect improvements in the local system of community mental health. In cooperation with the County, Cascadia has made significant progress in transitioning services and in achieving financial stability.