Mr. Olson has led LRMC for more than 13 years. Hospital officials said his exact date of resignation will be determined once a national search committee identifies a long-term successor to replace him. That process is expected to take several months.
Mr. Olson came to LRMC as interim CEO in May 2003. He became the hospital’s permanent CEO six months later.
He is retiring for personal reasons. “I currently have four grandbabies in Tennessee, and since my wife and I have a second home in Bristol, [Tenn.], our plan is to live there full time in order to spend as much time with them as possible,” Mr. Olson said in a news release.
During Mr. Olson’s tenure at LRMC, he has led a team that recruited physicians and staff members to add new service lines, such as cardiology, urgent care and behavioral health, according to the hospital. The hospital also built the Lane Cardiovascular Center, Lane Medical Plaza & Outpatient Diagnostic Center, Medical Office Building III and a helipad. Additionally, LRMC has completed multiple renovations, expanded technology and achieved financial stability under Mr. Olson’s leadership, the hospital said.
According to the hospital, Mr. Olson will continue to oversee day-to-day operations of LRMC over the coming months and move forward with expansion and renovation efforts, service line growth and physician recruitment.
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