Farah M. Walters is a Director of Celanese Corporation, a NYSE-listed global, integrated producer of specialty and intermediate chemical products based in Dallas. Mrs. Walters presently serves as Chair of the Compensation Committee of the company.
Mrs. Walters serves on the Board of Directors of PolyOne Corporation, a NYSE-listed specialty chemical company headquartered in Cleveland. She serves on the company's Govemance and Compensation Committees, and she chaired the Search Committee for the new Chairman/CEO of PolyOne in 2006. Mrs. Walters was the Lead Director of PolyOne and also chaired the Compensation and Governance Committees until July 2007.
Farah M. Walters has more than fifteen years of experience in corporate govemance, having served as a director of a number of Fortune 500 and other publicly held companies.
She served on the Board of Kerr-McGee Corporation, a NYSE-listed oil and gas exploration and production company based in Oldahoma City. The company was sold in August 2006. At time of sale, Mrs. Walters was on the Executive Committee, was Chair of the Compensation Committee and a member of the Audit and Governance Committees. She was former Chair of the Audit Committee.
Also, in the recent past, Mrs. Walters served as a Director of Apharma, Inc., a NYSE-listed pharmaceutical company based in New Jersey. She served on the Audit, Governance and Compensation Committees and was a member of the CEO Search Committee in 2005-2006. The company was sold in 2008. Mrs. Walters also has served on the boards of LTV Corporation, Key Bank and The Shelby Insurance Company.
Mrs. Walters currently is the President and CEO of QualHealth LLC, a health care consulting company.
Farah M. Walters served as President and Chief Executive Officer of University Hospitals Health System, Inc. and University Hospitals of Cleveland from 1992 to 2002. In that role, she developed and presided over one of the largest fully integrated health systems in the country. UHHS is the region's second largest private sector employer. Mrs. Walters was a founding member of Cleveland Bioenterprise. Inc., a company dedicated to developing and growing biotechnology companies and jobs throughout Northeast Ohio.
Mrs. Walters was the first woman in the United States to lead an independent academic medical center. She was selected by Modem Healthcare as one of the 50 individuals shaping the future of health care in America. Within the Greater Cleveland community, Farah Waiters has been active in civic affairs. She served as Chairman for the 1997 United Way Campaign, the first woman to be selected for that position. Mrs. Waiters presided as Foreman of Cuyahoga County Grand Jury for the Fall 2002 term. She was appointed by Governor George Voinovich to the 15-member Commission to Study the Ohio Economy and Tax Structure.
Mrs. Walters is a 1984 graduate of the Executive MBA program at Case Westem Reserve University's Weatherhead School of Management. She received a Masters of Science from Case Western Reserve University in 1975; and she earned a Bachelor of Science from The Ohio State University in 1968.
Farah Waiters has consulted and lectured for major health organizations such as the World Health Organization, Pan American Health Organization, American Hospital Association, National Institutes of Health, the United States Army and various major American hospitals and universities. Her honors, recognitions and leadership positions have included the following:
• Torch of Liberty Award, Midwest Chapter of Anti-Defamation League, June 2002.
• YWCA Lifetime Achievement Award, Cleveland, May 2002.
• Inducted into the Ohio Women's Hall of Fame in October 2001.
• Awarded the Ellis Island Medal of Honor, Nevi York City, in May 2001.
• Inducted into Business Hall of Fame by Inside Business magazine, October 2000.
• "Woman of Achievement Award" of Women's City Club of Cleveland, October 2000.
• March of Dimes "Golden Mile Aviard" June 2000 for leadership and dedication to saving babies.
• First woman to receive the Business Executive of the Year award from the Sales & Marketing Executives of Cleveland - February