President and Chief Executive Officer
Mark A. Wallace was appointed President and Chief Executive Officer of Texas Children's Hospital in 1989, at the age of 36. Under his leadership, Texas Children's Hospital has grown into one of the nation’s largest and most comprehensive pediatric and women’s health care organizations, garnering more than 3.2 million patient encounters annually, achieving international recognition as a referral center and ranking among the best pediatric hospitals in the nation.
In 2013, Texas Children’s Hospital was once again named as a national leader among pediatric hospitals in U.S.News & World Report’s 2012-13 edition of Best Children’s Hospitals. Ranked 4th among all children’s hospitals nationally and one of only 12 hospitals to achieve the Honor Roll designation, Texas Children’s is the only hospital in Texas – and the entire southern region of the U.S. – awarded this distinction. And it was founded at least 60 years later than all of the other top-ranked hospitals on the list.
In addition, in 2009, Houston Business Journal named Texas Children's Hospital the number one best place to work in Houston among companies with more than 500 employees. The organization continues to be among the top ranked “best places” to work every year.During Mr. Wallace’s 25-year tenure, he has led Texas Children's successful completion of numerous capital and expansion projects – a $149 million facilities modernization and development program to add over 1 million square feet of space to the hospital’s campus, including a capital campaign that raised $69.2 million (1991); a $345 million major building expansion program to add an additional 1.2 million square feet and increase the hospital’s licensed bed capacity from 456 to 639 beds, including another capital campaign raising $80 million (2001); and Vision 2010, a $1.5 billion investment in the future of pediatric health care encompassing four ambitious strategic initiatives – expansion of the Feigin Center for pediatric research, The Jan and Dan Duncan Neurological Research Institute, Texas Children's Pavilion for Women, and Texas Children's Hospital West Campus – to add another 2 million square feet of space, including a very successful capital campaign, Heal Sick Children, which totaled $507.6 million, exceeding its $500 million goal (2012).
Currently, Texas Children’s is undertaking the design and construction of a community pediatric hospital in The Woodlands, a $360 million construction project which includes a $150 million capital campaign. Mr. Wallace is also spearheading the CareFirst initiative, a clinical and operations planning process to evaluate, expand and enhance the hospital’s core services to address capacity issues in the critical care areas, operating rooms and emergency center.
Prior to his current position at Texas Children's Hospital, Mr. Wallace was a senior vice president at The Methodist Hospital in Houston, Texas, having both staff-related and extensive line operation responsibilities in a large, tertiary care, teaching environment. Mr. Wallace holds the distinction of being one of the few executives in the country who advanced to fellowship status in the American College of Healthcare Executives (ACHE) at the age of 35. Continuing his involvement with ACHE, he has served twice as president of the Houston chapter.
His years at Texas Children’s have included many honors and awards as well as countless hours of service to the community in many different leadership roles. Currently, Mr. Wallace serves on the Board of Directors of the Spirit Golf Association, a non-profit organization supporting health care initiatives in the Houston area; the Advisory Board of Amegy Bank; the Board of Directors of the Greater Houston Partnership; and the Board of Directors of the Baylor St. Luke’s Medical Center.
Throughout his career, Mr. Wallace’s no. 1 maxim has been that “leadership always influences and determines outcomes – not some of the time, but all of the time.” He has guided the Texas Children’s organization based on this maxim and the nine others he developed. Learn about Mr. Wallace's 10 Leadership Maxims.
Mr. Wallace holds degrees from Oklahoma Baptist University and Washington University in St. Louis. He is married to Shannon Baronette Wallace, and they have two children, five grandsons and one granddaughter.
1987: Awarded the prestigious Emerging Leaders in Health Care Award from The Healthcare Forum1988: Awarded Oklahoma Baptist University’s Profile in Excellence Award 1992: Awarded ACHE’s Robert S. Hudgens Memorial Award as the “Young Healthcare Executive of the Year” and Oklahoma Baptist University’s Alumni Achievement Award1993: Served as Chairman of the March of Dimes Walk America 1993 Campaign in Houston 2000: Served as Corporate Walk Chairman of the Juvenile Diabetes Foundation’s 2000 Walk to Cure Diabetes2004: Awarded Living and Giving Award by the Juvenile Diabetes Research Foundation2005: Awarded Earl M. Collier Award for Distinguished Healthcare Administration, the highest honor bestowed by the Texas Hospital Association, and the Children At Risk Accolades Seasons in Caring Award; served as Corporate Walk Chairman of the 2005 Asthma Walk on behalf of the American Lung Association2006: Awarded Washington University School of Medicine Health Administration Program’s Distinguished Alumnus Award and ACHE’s Outstanding Leadership Regent’s Award2007: Awarded the Arrow Project’s Ambassador of Purpose Award and the Cadillac Texas Legend Award from KHOU-TV Houston; served as chair of the American Heart Association’s 2007 Houston Heart Walk and an honoree of the Down Syndrome Association of Houston Hat’s Off Gala2008: Awarded The Glen Karsten Memorial Award from The Living Bank Houston and Houston Junior Woman’s Club’s Helping Hands and Caring Hearts Award2009: Be an Angel’s Angel Award for service to children in need and the Houston Leadership Award from the Jewish Institute for National Security Affairs2010: Awarded the ACHE Service Award for contributions to health care management excellence, the Texas Pediatric Society’s 2010 Distinguished Service Award for outstanding contributions to pediatrics and the Houston community, and the Presidential Community Leadership Award from the NAACP Houston Branch2011: Awarded the 2011 Robin Bush Award, recognition by Bo’s Place Houston for making a difference in the lives of children in the Houston community; served on the Host Committee for An Evening in the Garden Cocktail Dinner benefiting The Brookwood Community, on the Host Committee for the Arrow Child and Family Ministries Annual Ambassador of Purpose luncheon, on the Honorary Committee of the Harris County Hospital District Annual Silver Tea, as Chairman of the Boy Scouts of America Annual Distinguished Family Award dinner, as Honorary Chairman of the American Diabetes Association (ADA) 2011 Step Out: Walk to Stop Diabetes and was the keynote speaker at the annual ADA Corporate Recruitment luncheon2012: Awarded the Blue Bird Circle “Mark of Excellence” award, honoring his outstanding leadership2013: Awarded as one of the “2013 Men of Style” at the “Let the Fashions Begin” Men of Style Gala, which honors men in the Houston community who have demonstrated strong community service as well as fashion savvyIn addition, Mr. Wallace has served as a past member of the Board of Directors of the Greater Houston Community Foundation and the Board of the Texas Gulf Coast Chapter of the March of Dimes Foundation.