February 20, 2018 11:42 PM
(ABC 6 NEWS) -- President and CEO, Mayo Clinic, John Noseworthy, M.D. has announced his plan to retire from Mayo Clinic at the end of 2018.
Dr. Noseworthy has been with Mayo Clinic for 28 years, 9 of which were spent as President and CEO.
"I've seen in my role as president and CEO, us increasingly grow together as an organization together these last eight years. We've moved from a holding company to a single operating company, sharing our values, sharing our business approach, sharing our strategy and that's allowed us to do great things," Noseworthy said.
The move is not a surprise to those within the higher ranks of Mayo Clinic who have known for months that Noseworthy was set to retire. It falls in line with the typical transition changes Mayo has made in the past.
"Mayo Clinic has forever been committed to a rotational leadership role pattern where every eight to 10 years we change the CEOs, and this seems like the right time to do it," Noseworthy said.
He will serve on the clinic's board of trustees for another year but retire at the end of 2018.
"We have a very strong bench of outstanding physician leaders who have been tested and who are ready to step in at the end of the year," he said.
Officials at the hospital are putting together a search committee that will ultimately decide on the new president and CEO. Noseworthy's replacement is expected to be named sometime in August.
Updated: February 20, 2018 11:42 PM
Created: February 20, 2018 10:59 AM
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