“Cerner Corporation on Wednesday announced that it will begin the process of looking for a new chief executive officer, more than three years since current CEO Brent Shafer succeeded the health IT giant’s late founder Neal Patterson.”
WHY IT MATTERS
“The news was concurrent with Cerner’s first quarter earnings report, in which it beat earnings projections by a smidge, but missed on revenue.”
“The move to find a successor was described as a joint decision between Shafer and Cerner’s board, with the CEO having served his role as a “bridge” between Patterson’s nearly four-decade tenure and the company’s plans for future growth under new leadership – including several recent C-suite hires.”
“‘Cerner is on the right trajectory, with increased financial guidance based on actions we are taking to improve performance,’ said Shafer in a press statement.”
“‘With the support of the entire organization, we have simplified the business while implementing a new operating model to make Cerner more efficient and effective. We have strengthened our senior leadership team, including the recent addition of Mark Erceg as our CFO, and I believe we now have the right team assembled to drive our company forward.’”
“Shafer will remain with Cerner until his successor is hired, and then will serve as a strategic advisor with the company…”
“As for Cerner’s ongoing electronic health record projects with the U.S. Departments of Defense and Veterans Affairs, Schafer said he was optimistic about both…” Read the full article here.
Source: Cerner to search for new CEO — By Mike Miliard, May 5, 2021. Healthcare IT News.
Cerner was named to the list of NXT UP firms poised to make big waves in the Federal sector in 2020 and for years to come.
