ADVERTISEMENT

ADVERTISEMENT

Altru plans to rehire after resignation of Chief Financial Officer Doug Arvin

A recruitment search will be starting in the next couple of weeks, said Annie Bonzer, Altru spokesperson.

071721.n.gfh.Altru2.jpg
From left to right, fomer Altru CEO Dave Molmen, former President Dr. Steven Weiser, CFO Doug Arvin and Director of Marketing and Public Relations Annie Bonzer are pictured in this Herald file photo from a meeting with the Grand Forks Herald editorial board on Tuesday, July 13, 2021.
Eric Hylden/Grand Forks Herald
We are part of The Trust Project.

GRAND FORKS – Altru Health System soon will begin searching for a new chief financial officer after Doug Arvin announced plans to resign effective Feb. 3.

Annie Bonzer, Altru spokesperson, said Arvin announced his resignation to the company two weeks ago.

“It’s a bittersweet decision for Doug, I know,” she said. “It’s mostly a personal choice – he’s getting married and his future wife lives in Fargo so he’s made the decision to reside there with her.”

READ MORE
Featuring the prep honor roll, N.D. Class A and B prep basketball polls, N.D. East Region girls wrestling duals tournament schedule and much more!

Arvin has accepted a position at Essentia Health in Fargo, said Bonzer. She did not know the details of the position.

The Herald was told Arvin was not available for an interview before this report was published.

ADVERTISEMENT

Altru plans to rehire for the position, said Bonzer, with a recruitment search starting in the next couple of weeks. She said Altru anticipates it will take four to six months to fill the position. During the search, Derek Goebel, director of finance, will serve as interim CFO.

Arvin’s departure marks the third time since 2020 that Altru’s top executive team has experienced a shakeup, though news of his departure was less sudden than the previous two announcements.

Arvin came to Altru in November 2020, after previous CFO Sara Lusignan was fired by the company’s board in February of that year. CEO Brad Wehe was fired at the same time as Lusignan. Both had been in their roles for about a year.

Then, on Feb. 22, 2022, Dr. Steven Weiser, president of Altru Health System, abruptly left the organization, days before current CEO Todd Forkel was set to begin. In February, Bonzer told the Herald that it was the Altru Board of Directors’ decision for Weiser to leave Altru and was not related to Forkel’s arrival.

Dr. Josh Deere was announced as the new president of the board in September.

Lusignan and Wehe came to Altru after longtime CFO Dwight Thompson and CEO Dave Molmen both retired in 2018. Thompson had served as CFO since 1992, when Altru was known as United Health Services. Molmen became CEO in 2008.

Bonzer said Arvin’s departure is not a sign of instability in Altru’s current executive team.

“We have a nice, strong executive team in place right now,” said Bonzer. “We’re confident we’ll find another very strong CFO to fill Doug’s shoes and our financial and operational situation is actually really quite stable, especially during a time that we know is fairly challenging across the country. We’re feeling pretty good about where we’re at.”

Related Topics: ALTRUGRAND FORKS
Ingrid Harbo joined the Grand Forks Herald in September 2021.

Harbo covers Grand Forks region news, and also writes about business in Grand Forks and the surrounding area.

Readers can reach Harbo at 701-780-1124 or iharbo@gfherald.com. Follow her on Twitter @ingridaharbo.
What To Read Next
While traffic has roughly doubled since 2020 — the heart of the pandemic, when there were 14.9 million passengers — it’s still not at pre-pandemic levels: In 2019, there were 39.6 million passengers.
The facility has 35,000 square feet nestled between Dollar Tree and Aldi in south Grand Forks.
It’s not the first time DEDCO has stepped in to try to save a local necessity in Drayton. In 2012, DEDCO completed a similar project to draw a restaurant back to the town.
Louis and Cyril Keller are the inventors of the Bobcat skid-steer loader and were selected as 2023 inductees into the National Inventors Hall of Fame.