Sam Hazen (Left) and Milton Johnson; Source: HCA Healthcare
Nashville-based HCA Healthcare has appointed Sam Hazen as its new CEO, succeeding Milton Johnson who is retiring at the end of the year.
HCA said Johnson will continue as chairman of the board of directors through the company’s annual shareholders’ meeting on April 26, 2019, following which Thomas Frist III, a current board member, will replace him as the chairman.
Hazen, the company’s president and chief operating officer, will assume his new role from January 2019. He has been with the company for almost 36 years. Prior to his present position as president/COO, he served as the company’s chief operating officer, president-operations, Western Group president and Western Group CFO.
Johnson said: “Since January 1, 2014, it has been my privilege to be CEO of this great company. In that time, we have enhanced the company’s commitment to patients. We have done this by advancing our clinical agenda, which focuses on the delivery of high-quality patient care and improving patient satisfaction.
"At the same time, we have grown revenues from $34.2 billion in 2013 to $43.6 billion in 2017; invested approximately $13 billion in capital expenditures; returned more than $10 billion in cash to shareholders through share repurchases and dividends; and increased our stock price over 275 percent. I remain excited about the company’s future and have strongly endorsed Sam as the right person to lead the company; his leadership has greatly contributed to our success.”
HCA Healthcare, Appointment, Sam Hazen, Retirement, Milton Johnson, US