Survey: 73% of Healthcare CEOs Say Their Board Doesn't Want Them to Retire

Roughly 73 percent of healthcare CEOs said their organization's board does not want them to retire, and a significant portion of CEOs do not plan to retire within the next five years, according to a new survey from Witt/Kieffer.

The survey is based on 200 responses from healthcare CEOs across the country who are over the age of 55. Here are some of the survey's other major findings:

• Roughly 71 percent of healthcare CEOs between the ages of 55 to 59 either have no current plans to retire or are at least five years away from retirement. Seventy-three percent of respondents said their organization's board does not want them to retire.

• Fifty-two percent of respondents said there is no one at their organization prepared for the CEO role.

• Fifty-one percent of respondents said they have worked with their senior management team to identify potential successors.

• Twenty-nine percent of respondents have identified a successor for their role, and only 17 percent said their successor is prepared for the CEO role.

• Thirty-nine percent of respondents said they have worked with the board to develop a formal succession planning process.

• Sixty-three percent of respondents said they enjoy their job too much to retire.

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