Mike Duggan, CEO of the Detroit Medical Center, announced today that he will step down from the for-profit health system to pave the way for a possible run for mayor of Detroit.
"As I complete nine years here, I feel lucky and very grateful to the 14,000 men and women of DMC who have been so supportive of me through a lot of battles and a lot of changes," Duggan wrote in an email to employees today.
"You worked really hard to bring us back from financial crisis and turn DMC into the outstanding health care system we are today with the fastest-growing hospitals in our market," he said.
Joe Mullany, currently DMC president, will take over Duggan's duties Jan. 1. Mullany came to the DMC this year from Massachusetts, where he ran Vanguard Health Systems Inc.'s New England region. Vanguard owns the DMC.
"There are still a lot of challenges and uncertainty in health care. But with our own HMO, $850 million in new investment and Joe Mullany as CEO with Vanguard behind us, I'm convinced DMC is prepared to handle those challenges a lot better than our competitors," Duggan wrote.
Duggan has said he will make a final decision on whether to run for mayor by the end of the year.