In January 2001 Frist relinquished the title of CEO to focus on other interests, but remained involved in corporate strategy as chairman of HCA’s board of directors. Jack Bovender, Jr. (formerly CFO), replaced him. Of the fraud investigation, Bovender said, “We think the major issues have been settled,” but he admitted that the company still had some “physician relations issues and cost report issues” to resolve in civil actions involving individual hospitals.