In February, several executives reported delays to their retirement, caused either by pandemic fluctuations, difficulty finding a successor or ensuring a smooth transition.
Here are the four executives delaying retirement as reported by Becker's.
- Debbie Osteen, Franklin, Tenn.-based Acadia CEO and director was paid $900,000 to stay on in her position for another two months in order to "assist with and ensure a smooth transition of leadership," according to a Feb. 8 SEC filing.
- Owensboro (Ky.) Health President and CEO Greg Strahan is delaying his retirement as the initial six-month search for his successor is taking longer than expected, the system announced Feb. 2.
- John Hackbarth, the CFO also at Owensboro Health, has also delayed his retirement, stating that he will remain in his position until the board, the same Feb. 2 release stated.
- Timothy Charles, president and CEO of Cedar Rapids, Iowa-based Mercy Medical Center, is set to retire at the end of 2022 after delaying his retirement from 2021 to create stability at the hospital during the pandemic, according to a Feb. 3 release.