HCA Healthcare Inc. CEO Milton Johnson, who oversaw the company's revenue growth from $34.2 billion in 2013 to $43.6 billion in 2017, will retire effective Dec. 31.
Johnson has been at HCA for 36 years, including four as CEO. He will continue to serve as chair of HCA's board until the 2019 annual meeting of shareholders when he will step down from that role, the company said in a Sept. 10 press release.
HCA President and COO Sam Hazen, who has a similarly lengthy tenure with the Nashville, Tenn.-based healthcare facilities operator, will succeed Johnson as CEO as of Jan. 1. Hazen was also appointed a member of the board, effective immediately.
The HCA board plans to appoint Thomas Frist III chairman when Johnson steps down. Frist is the son of HCA founder Thomas Frist and has served as director since 2006.