Herbert Pardes, M.D., president and CEO of New York-Presbyterian Hospital, will retire at the end of 2011. Pardes, 75, announced his decision to the board of trustees, which was made public in a letter released by board Chairman John Mack, says spokeswoman Myrna Manners. The two-year window prior to his departure “will allow the board to implement a sound succession plan and a smooth executive transition,” Mack writes. Pardes, who was named chief executive of the New York hospital in January 2000, will continue in a yet-undetermined role after he steps down, Manners says. New York-Presbyterian Hospital reported operating income of $12 million on revenue of $3 billion for the year ended Dec. 31, 2008. Pardes earned total compensation, including $1.4 million in benefits, of $6.2 million for the prior year, according to the most recent records publicly available. Earlier this year, readers of Modern Physician voted Pardes the 42nd most powerful physician-executive in the country.
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