William Buster, senior vice president at the Dogwood Health Trust in Asheville, has been named chief executive officer of the $1.3 billion New Hanover Community Endowment Inc. in Wilmington, NC.
Just as the Dogwood Health Trust arose from the $1.5 billion sale of Asheville’s nonprofit Mission Health System to HCA Healthcare, the New Hanover Community Endowment was formed from the sale of the previously county-owned New Hanover Regional Medical Center to Novant Health. Dogwood Health and the New Hanover Community Endowment each instantly became two of the largest healthcare endowments, per capita, in the United States.
Buster joined the Dogwood Trust’s Impact Team, responsible for grant-making and program-related investment activity, in November 2020. His departure after 14 months comes as Dogwood continues its search for a permanent CEO. Susan Mims, a physician and former member of the senior leadership team at Mission Hospital, has held the title of Interim CEO since the abrupt and as-yet unexplained departure of Antony Chiang as CEO after less than a year at Dogwood.
Dogwood announced its search for a new permanent CEO in October, with plans to announce the new leader “in early 2022.” Buster will assume his new job at the New Hanover Endowment in March. — Peter Lewis