Amedisys Inc. (Nasdaq: AMED) announced Monday that Chairman and CEO Paul Kusserow will retire as CEO on April 15.
Kusserow joined Amedisys – one of the largest home health and hospice providers in the nation – in 2014, a time when the company was faltering and its executives were calling for change. Kusserow helped turn the company around in fairly short order by jump-starting its dealmaking engine, improving its internal retention rates and bringing its quality scores toward the top of the industry.
“Since Paul took over, the organization is better in nearly every way,” Rich Lechleiter, lead independent director, said in a statement. “On behalf of the board of directors, I want to sincerely thank him for his efforts and continued leadership.”
Upon his retirement as CEO, Kusserow will continue to serve as chairman of the board for Amedisys. Chris Gerard – who currently serves as president and COO – will assume the role of president and CEO moving forward.
The succession-planning process began in early 2021, Amedisys noted.
Having the opportunity to be part of and lead Amedisys for the past seven years “has genuinely been the highlight of my career,” Kusserow explained.
“Seeing what we have built since 2014, the talent we have developed, the patients we have cared for and the quality care we have focused on and delivered has been simply astonishing,” he said. “Though there is so much to be proud of, I am especially proud of the team we have assembled across the organization, which is why I am so confident in a seamless transition to Chris.”
This is a developing story. Please check back later for additional updates.
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