(Cleveland) – Cleveland Clinic CEO Toby Cosgrove has begun the process to transition out of his role as the medical system’s president and CEO.
Cosgrove made the announcement in a Monday staff meeting.
Cleveland Clinic’s Governance Committee has asked Cosgrove to stay on in an advisory role.
Cosgrove’s successor will be selected by Cleveland Clinic’s Board of Directors and Board of Governors by the end of 2017, and like Cosgrove, will be a practicing physician.
Cosgrove became CEO of Cleveland Clinic in 2004. During his tenure, Cleveland Clinic has expanded locally, and around the world, as revenues have more than doubled, and it has become the largest employer in Ohio, and is ranked the No. 2 hospital in the nation by U.S. News & World Report.
Cosgrove was considered by President Obama to head the Department of Veterans Affairs, and was interviewed by President Trump about the same position.
(Photo by Ethan Miller/Getty Images)