* Michael Jhin, 53, president and CEO of St. Luke's Episcopal Health System, Houston, announced that he will retire at year-end but retain the title of CEO emeritus, assisting the board of directors with strategic initiatives.
"The timing is just right for me to retire from my current role," he said in a press release.
Jack Lynch, CEO of 651-bed St. Luke's Episcopal Hospital, the system's flagship and home to the renowned Texas Heart Institute, was named system COO and will be interim CEO after Jan. 1 during what is expected to be a lengthy national search for a permanent top executive. Lynch will be a candidate for the job.
Officials at St. Luke's declined to provide recent figures on net income, citing the sensitivity of ongoing "discussions" concerning the system's future. They said the system had operating income of $8.5 million in fiscal 2002 on patient service revenue of $518 million.
Officials declined to elaborate on the nature of the discussions under way.