MEMPHIS, TN (WMC) - Methodist Le Bonheur Healthcare CEO Gary Shorb announced he will retire at the end of 2016.
Shorb has been CEO since 2001 and will continue to be CEO until December 31, 2016.
"I always trusted that I would feel a deep sense of certainty when the time was right to take this step, and that's exactly how I feel," said Shorb. "I work with an outstanding, talented and dedicated team, -- one that is made up of our senior leaders, physicians, and 12,000 associates. I am profoundly grateful for all we've accomplished together, for the lives we've touched, for the difference we've made in our community and for the many ways we've strengthened our organization and our Power of One culture."
Shorb will be replaced by current MLH President and COO Michaelo Ugwueke, who has been with the organization since 2007. Shorb will serve as an advisor to Ugwueke after he steps down until April 2017.
"Gary has been an outstanding leader at MLH for more than 15 years," said current MLH Board Chairman and FedEx CFO Alan Graf. "His compassion for community-minded leadership has led MLH to the strongest performance in the organization's history, which has better positioned MLH to meet the future needs of Memphis and the Mid-South."
Ugwueke was named as Shorb's successor in May 2015.
"I am very humbled by the confidence Gary and the entire MLH board have entrusted in me and my ability to guide this outstanding organization forward in its mission to provide high-quality health care to everyone," Ugwueke said. "I consider it a privilege to have the opportunity to impact people's lives in such a positive way. I've felt a call to serve in the healthcare industry all of my life and the opportunity to lead Methodist Le Bonheur Healthcare is truly something I take to heart. I am honored to carry on the legacy Gary and others before him have built."