White will step down as CEO, but retain his role as chairman of the system's board of directors. W. Carl Whitmer, the chief financial officer of Iasis since 2001, has been named president and will assume the role of CEO following White's transition later this year. Whitmer joins the Iasis board of directors in his new role, as will Iasis Chief Operating Officer Sandra McRee, who becomes board vice chairwoman.
“Our industry is undergoing tremendous change,” White said in a news release. “Iasis is well situated to take advantage of its strengths, build upon its success and respond to change. Because of our advance planning, we are confident this will be a smooth transition.”
In Florida, Means' retirement triggers a 20-month succession planning process that will end with his exiting the system at the end of next year. Means has been top executive ever since the system was formed through the merger of three hospitals, one of which Means was president and CEO of for seven years before the merger.
“I have been blessed to have had the opportunity to lead this great organization for 23 years and look forward to exploring a number of different pursuits, hopefully at a little more leisurely pace,” Means said in a written statement.
CEO turnover at U.S. hospitals and systems tied an industry record in 2009, according to the latest data from the American College of Healthcare Executives. Although reasons for departures vary widely depending on individual circumstances, some observers have predicted that trend will continue in 2010 as executives who delayed retirement during the recession see the economy starting to improve while the prospect of sustained change will place more stress on leadership teams than ever before.