Valerie Jarrett to lead expanded Board of University of Chicago Medical Center

Valerie Jarrett to lead expanded Board of University of Chicago Medical Center

James Madara, MD appointed Medical Center CEO

June 14, 2006

The Trustees of the University of Chicago and University of Chicago Hospitals have passed measures designed to better integrate governance and operations. The new governance model expands the purview of the Hospitals Board to include not just the activities of the Hospitals but also clinical medical programs located in the University's Division of the Biological Sciences. Because these programs jointly comprise the University of Chicago Medical Center, the Hospitals Board will now be known as the University of Chicago Medical Center Board. Valerie Jarrett has been appointed as the new Chair of the University of Chicago Medical Center Board and also Chair of a newly created Executive Committee of that board. She has also been named Vice-Chair of the University's Board of Trustees.

The Boards also created the new position of Chief Executive Officer for the Medical Center. That position will be held by Dr. James Madara, who will also continue to serve as Dean of the Division of Biological Sciences and Vice President for Medical Affairs, positions he has held since 2002. When a new Hospitals President is chosen to succeed Michael Riordan, he or she will report to the Chief Executive Officer.

Jarrett is managing director and executive vice president of the Habitat Company, and has been a member of The University of Chicago's Board of Trustees since 2001 and Vice Chair of the Hospitals Board since 2002. She succeeds Paula Wolff, who has served as Chair of the Hospitals Board since 1996.

"We believe that our new, integrated governance structure puts us in the best possible position to deliver on our promise to remain at the 'forefront of medicine,'" said James Crown, Chair of the University's Board of Trustees. "I wish to thank Paula Wolff for her tireless efforts as Board Chair for the past decade. She has established a wonderful platform for the future. Under the able leadership of Dr. Madara, combined with the efforts of Valerie Jarrett and the entire Medical Center Board, I believe that we are properly organized to deliver on our three-part mission of superb clinical care, exceptional medical education and leading-edge research."

Jarrett said, "I am both delighted and honored to lead the Board of this enterprise, which is uniquely qualified to create new scientific knowledge, provide excellent patient care, and serve the health needs of our community."

Don Randel, President of the University of Chicago, explained that the new governance structure will help the University take best advantage of new opportunities and synergies in medicine and health care research.

"The best academic medical centers thrive at the boundary between scientific research and clinical medicine," Randel said. "This new governance structure will bring our clinical and research activities under the able guidance of James Madara, and our integrated clinical activities under the able oversight of Valerie Jarrett and her colleagues on the Medical Center Board and Executive Committee. Together, they will foster an environment in which the talented physicians and researchers here can achieve even greater advances in treating patients today and in discovering new treatments and cures in years to come."

Randel added that the new structure at Chicago is emblematic of a trend at leading medical centers and also closer to the structure under which the University's Medical Center operated in the decades after its founding in 1927.

Valerie Jarrett joined the Habitat Company, a real estate development and management company, in 1995. Before that, she served for eight years in City of Chicago government posts, first as Deputy Corporation Counsel for Finance and Development, then as Deputy Chief of Staff for Mayor Richard Daley in 1991 and finally, as Commissioner of the Department of Planning and Development from 1992 through 1995.

From 1995 to 2003, Jarrett served as Chair of the Chicago Transit Board, the body that oversees the business of the Chicago Transit Authority, the provider of public transportation service to 1.5 million people in the City of Chicago and 38 suburbs. She is Chair of the board of the Chicago Stock Exchange and vice chair of the executive council of Metropolis 2020. She also serves on the board of directors for the USG Corporation, RREEF America II, Navigant Consulting, Inc., The Local Initiative Support Corporation, The Joyce Foundation and the Federal Reserve Bank of Chicago. She also is president of the board of the Southeast Chicago Commission.

Jarrett is also a member of the board of trustees of the Museum of Science and Industry and Window to the World Communications Inc. She served as finance chair for the 2004 campaign for now U.S. Sen. Barack Obama and was the first treasurer for Obama's PAC, the Hopefund.

A lifelong resident of Chicago's South Side, Jarrett attended the University of Chicago's Laboratory Schools before going on to receive a B.A. in Psychology from Stanford University in 1978 and a J.D. from the University of Michigan Law School in 1981. In January, Jarrett gave the keynote address at the University's celebration of the birthday of the Rev. Martin Luther King Jr.

Her mother, Barbara Bowman (AM, 52), taught in the Laboratory Schools while earning her graduate degree in Education. Jarrett's father, James Bowman, is Professor Emeritus in Pathology and Medicine and the College. He is also the namesake for the University's Bowman Society Lecture Series, which focuses on topics important to the health care of minority communities and supports diversity at the University.

Randel called Madara "particularly well-suited to lead Chicago Medicine at this critical time. He combines superb academic credentials and a solid reputation as a researcher, educator and clinician with extensive administrative experience in major academic medical centers, including Harvard and Emory, as well as Chicago."

In Madara's four years as Dean of the Biological Sciences and Pritzker School of Medicine at Chicago, research funding from the National Institutes of Health has increased almost 75 percent. Since 2002, clinical and research space have increased dramatically, capped by the recent opening of the University of Chicago's Comer Children's Hospital and the Gordon Center for Integrative Science, the largest research building on campus, to be followed soon by the Comer Center for Specialty Care and the Knapp Center for Biomedical Discovery, opening in 2008. Twelve new department chairmen have revitalized the academic mission and brought in dozens of stellar new young scholars.

"I am certainly honored to take on these new responsibilities," said Madara. "This unification of mission will produce a more focused and efficient medical center that is better poised to bring together the best minds in medicine and science and to use the ideas they generate to improve patient care at the University of Chicago and around the world."