Nashville, Tenn.-based HCA Healthcare CEO R. Milton Johnson is retiring effective Dec. 31. Sam Hazen, the hospital giant's president and COO, will succeed Mr. Johnson Jan 1.
Here are seven things to know:
1. Mr. Johnson has worked at HCA for 36 years, assuming the organization's top post in 2014.
2. During his tenure, the company enhanced its clinical services, and its revenue increased from $34.2 billion in 2013 to $43.6 billion in 2017, Mr. Johnson noted in a company statement.
3. The company's most recent financial statement indicates its revenue spiked 7.4 percent year over year to $11.5 billion in the second quarter of 2018.
4. Mr. Johnson will remain chairman of HCA's board of directors through the 2019 annual shareholders' meeting on April 26. Thomas F. Frist III, a board member, will succeed Mr. Johnson as chairman.
5. Mr. Hazen has worked with the company for 26 years, serving in several leadership roles before his current position.
6. Previously, Mr. Hazen was president of operations, as well as Western Group president and CFO.
7. Mr. Hazen joins HCA's board, effective Sept. 10. The board now has 12 members.
"In this transition and beyond, I pledge to use my leadership role to continue our focus on providing the best possible care for patients, as well as building on our successes for all our stakeholders," Mr. Hazen said.