Dave Morlock, CEO of University of Toledo (Ohio) Medical Center, will leave his job June 1.
Here are five things to know about Mr. Morlock.
1. Mr. Morlock plans to pursue a new career in investment banking in New York, University of Toledo President Sharon L. Gaber said, according to The Blade. He is joining the firm Cain Brothers.
2. Officials said Mr. Morlock decided to exercise a provision in his contract where he is able to terminate his employment agreement "for good reason" and be paid $250,000, according to The Blade.
3. Under Mr. Morlock's leadership, UTMC's patient care quality, patient satisfaction, market share and finances have all seen significant improvement, Ms. Gaber said. Additionally, Mr. Morlock helped the University of Toledo College of Medicine reach an affiliation deal with Toledo-based ProMedica.
4. Dan Barbee, vice president for clinical services, has been named UTMC's interim CEO and will take over for Mr. Morlock.
5. A national search will be conducted for a permanent CEO.
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