Tenet Finance Chief Flees

Tenet (THC Quote) just lost its CFO -- to a consulting job.

The Dallas-based hospital company announced late Thursday that finance chief Robert Shapard is leaving his post after just seven months on the job. Shapard's departure comes during a shake-up of the company's finance branch and a detailed audit of past financial results. His exit will become official early next month, when the company is expected to report yet another quarterly loss.

Shapard says he is looking to return to the utility industry. He has accepted a position as a strategic adviser at TXU (TXU Quote), where he worked before joining Tenet. ...