February 23, 2018

Exclusive: Mayo Clinic CEO on why he’s stepping down, Mayo’s future, and more

By Karl W Oestreich

Advisory Board

A day after announcing he will step down as Mayo Clinic's president and CEO at the end of 2018, John Noseworthy spoke with the Daily Briefing's Josh Zeitlin about his nine-year tenure as chief executive, his approach to leading through change, and his advice for the Clinic's next leader.

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Star Tribune, Mayo Clinic's CEO to retire at year's end by Christopher Snowbeck — Dr. John Noseworthy, the veteran chief executive at the Mayo Clinic, is retiring at the end of 2018, the Rochester-based health system announced Tuesday. Noseworthy was named chief executive in 2009, with the retirement of his predecessor, Dr. Denis Cortese. In a statement Tuesday, the clinic said a committee would soon be announced to begin a search for the next chief executive. “We would have welcomed Dr. Noseworthy serving even longer, but we respect his personal decision to retire and are confident in the strong pool of succession candidates,” said Samuel Di Piazza, the chair of Mayo’s board of trustees, in a statement.

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WCCO Radio
2-21-18 DR. JOHN NOSEWORTHY with Dave Lee

Wednesday, February 21st
05:56: He is leaving the Mayo Clinic at the end of 2018

Post-Bulletin, John H. Noseworthy timeline — After more than seven years full of big changes as the leader of Mayo Clinic, Dr. John Noseworthy will retire as president and CEO at the end of 2018.

Post-Bulletin, Noseworthy served as chief storyteller by Jeff Kiger — Health care is going through a time of great transition, and some credit Dr. John Noseworthy for his skill in steering Mayo Clinic through uncharted waters. “As leader of this organization for eight years, he has done a remarkable job on how well as he’s managed that changing landscape from Davos to the White House to Rochester,” said Richard Davis on Tuesday, after Noseworthy announced that he will retire as Mayo Clinic’s CEO and president at the end of 2018…During his time as CEO and president, Mayo Clinic has collected many awards as the top medical institution in the U.S. Revenue has also grown under his leadership.

KTTC, Mayo Clinic CEO to retire, successor to be announced in August by Ala Errebhi — Mayo Clinic President and CEO Dr. John Noseworthy announced Tuesday morning that he will be retiring at the end of this year. Dr. Noseworthy took over as CEO in 2009, and during his nearly decade long tenure, the health system treated 1.3 million patients from every state, dozens of countries overseas, and of course we saw the Destination Medical Center project established. He said he is staying on through the end of 2018 at the request of the Mayo Clinic Board of Trustees. He has been with Mayo for nearly 30 years, Nine of those years has been as President and CEO.

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Post-Bulletin, 2017 was a 'very strong year' for Mayo by Jeff Kiger — Mayo Clinic tallied strong financials in 2017 earning an operating income of $707 million and revenue of $11.99 billion up respectively from $475 million and $10.99 billion in the previous year. It wrapped up the year with an operating margin of 5.9 percent. That's up from 4.3 percent in 2016 and 5.1 percent in 2015. However, it's still a decrease from 8.5 percent in 2014. Mayo Clinic reported its 2017 financials on Tuesday in a consolidated report issued along with the announcement of CEO and President Dr. John Noseworthy's plans to retire from the positions at the end of the year. Additional coverage: Becker’s Hospital Review, Healthcare Finance NewsStar Tribune

Context: John Noseworthy, M.D., president and CEO, Mayo Clinic, has announced he will serve another year at the request of the Mayo Clinic Board of Trustees. Dr. Noseworthy plans to retire from Mayo Clinic at the end of 2018. This decision comes after one of Mayo Clinic’s strongest years in terms of quality and safety; advancement in research, education and the clinical practice; and the completion of a $3.76 billion, eight-year philanthropic campaign. “I am honored that the Board of Trustees asked me to serve another year, through the end of 2018,” says Dr. Noseworthy. “2017 was an extraordinary year for Mayo Clinic, and I look forward to working with our leadership team throughout 2018 to continue to strengthen Mayo Clinic and advance our humanitarian mission. I am truly humbled to serve as president and CEO of this amazing and dynamic organization. Every day, I continue to be inspired by the work of Mayo’s staff and how they embody our shared values to care for our patients and advance the field of medicine.” You can read more about this announcement, including an interview with Dr. Noseworthy, on Mayo Clinic News Network.

Contacts:  Karl Oestreich, Susan Barber Lindquist, Duska Anastasijevic

Tags: 2017 Mayo Clinic Performance Report, Dr. John Noseworthy, retirement, Uncategorized

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