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Terry Shaw will retire from his position as president and CEO of AdventHealth in July, the Altamonte Springs, Florida-based well being system stated on Friday. He’ll stay on the well being system’s board of administrators.
The chief has held the submit since 2016 and served the group in a wide range of roles for 40 years.
Shaw oversaw AdventHealth by way of a collection of transitions, together with the system’s rebrand from Adventist Well being System in 2019, its cut up from a 27-year three way partnership with CommonSpirit Well being in 2023 and its exit from the expert nursing facility enterprise.
Throughout his tenure, AdventHealth grew to incorporate greater than 50 hospitals. In its 2023 fiscal 12 months, the well being system generated $16.8 billion in working income, representing a 41.2% enhance over 5 years, in response to Fitch Scores.
“Main this unimaginable group has been the glory of my lifetime,” Shaw stated in an inside assertion Friday. “My choice to retire clears the trail for the very succesful subsequent technology of AdventHealth leaders and I’m absolutely assured within the capacity of those leaders to proceed our legacy of success.”
The well being system stated it should choose an inside successor to switch Shaw in April.
