Stephen Williams, the long-time CEO of Norton Healthcare who became the administrator of a Kentucky hospital at the tender age of 22, is retiring at the end of the year, the Louisville, Ky.-based hospital system announced Friday.
Not-for-profit Norton named President Russell Cox, 58, as Williams' successor.
During a 23-year tenure as CEO, Williams, 65, pioneered quality reporting at the now five-hospital system and increased revenue from $269 million to more than $2 billion.
Over that time, Norton also grew its market share in hospital services in Louisville to about 50%, or double the percentage when Williams took the helm. The system handles about 67,500 hospital admissions annually.