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 has grown into one of the nation’s largest and most comprehensive pediatric and women’s health care organizations, garnering more than 4.3 million patient encounters annually and achieving international recognition as a referral center. In 2018, Texas Children’s Hospital was ranked among the top four children’s hospitals nationwide by U.S. News & World Report.
During Mr. Wallace’s 29-year tenure, he has led Texas Children’s in the successful completion of numerous capital and expansion projects that have added more than 4 million square feet of space to the hospital campus, representing a significant investment in the future of pediatric health care and in the community.
In 2012, Texas Children’s embarked on a $475 million capital campaign, Promise: The Campaign for Texas Children’s Hospital. This campaign ultimately raised $578 million to help ensure the hospital continues to serve the wide spectrum of complex needs of a growing patient population, many of whom come from far away in search of advanced treatment and compassionate care. The Promise campaign included the construction of Texas Children’s Hospital The Woodlands, a comprehensive, $360 million community pediatric hospital opened in 2017 and provides the highest quality care close to home for families in the growing communities north of Houston. It also includes a $575 million expansion and renovation of the critical, surgical and emergency care services and facilities at Texas Children’s Main Campus, enabling the hospital to provide enhanced care for even more of the nation’s sickest children who come to Texas Children’s for the specialized care not available elsewhere.
In March 2015, Mr. Wallace was honored at the Evelyn Rubenstein Jewish Community Center’s Annual Children’s Scholarship Ball. And in May 2015, he received an Honorary Doctorate of Humanities in Medicine from Baylor College of Medicine. Additionally, 2015 marks the launch of a new blog, On the Mark, in which Mr. Wallace engages readers with personal stories and insights and a first-hand look into hospital operations.
He has also received many other honors and awards for his service to children in Houston, as well as for his leadership and contributions to health care management excellence. These awards include:
- American College of Healthcare Executives (ACHE) Robert S. Hudgens Memorial Award as the “Young Healthcare Executive of the Year” (1992)
- Oklahoma Baptist University’s Alumni Achievement Award (1992)
- Earl M. Collier Award for Distinguished Healthcare Administration, the highest honor bestowed by the Texas Hospital Association (2005)
- Washington University School of Medicine Health Administration Program’s Distinguished Alumnus award (2006)
- Houston Leadership Award from the Jewish Institute for National Security Affairs (2009)
- Robin Bush Award, a special recognition by Bo’s Place Houston for making a difference in the lives of children in the Houston Community (2011)
- Houston Business Journal C-Suite Awards: Best Nonprofit CEO and Executive of the Year (2015)
Mr. Wallace also holds the distinction of being one of the few executives in the country who advanced to fellowship status in the ACHE at the age of 35. He has served twice as president of the Houston chapter. Prior to joining Texas Children’s Hospital, Mr. Wallace was a senior vice president at The Methodist Hospital in Houston.
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.