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Thursday, October 27, 2011 - YVMC CEO Announces Retirement, Succession Plans

CEO Karl Gills to retire in 2012

STEAMBOAT SPRINGS, October 27, 2011 – Yampa Valley Medical Center Chief Executive Officer Karl Gills this week announced both his pending retirement in April 2012 and a leadership succession plan.

Yampa Valley Medical Center Chief Executive Officer Karl Gills this week announced both his pending retirement in April 2012 and a leadership succession plan.

Gills, 57, has been at the helm of YVMC since January 2001. He told YVMC directors, employees and medical staff that his final day as CEO will be March 31, 2012 and that Frank May, currently chief operating officer, will succeed him as CEO.

May, 53, joined the hospital’s leadership team in 1998 and has served in several executive positions, including chief financial officer, chief operating officer and interim CEO.

Gills said he has been working with the YVMC Board of Trustees for several months to create a planned transition of leadership. 

“My desire was to have a seamless transition to the next CEO without the need for interim leadership,” Gills said in explaining the timing of his announcement. “I’m very pleased with the Board’s selection of Frank May.”

YVMC Board Chair Ron Spangler elaborated on the leadership change and transition.

“The Board initiated and completed due diligence in considering Karl’s replacement and unanimously agreed that Frank May will succeed him as YVMC’s CEO,” Spangler said.

“Between now and next April, Frank and Karl will consider the best way to structure the YVMC management team,” he added. “Both Karl and Frank have the full support and confidence of the board as we move through this transition process.

“Additionally, Karl will work with Frank to assure that he is fully knowledgeable about the activities and work that Karl has been doing within YVMC and the greater community,” Spangler said.

One of those roles has been with the new Colorado Senior Residences Board, which is planning Casey’s Pond, a new continuous care campus that is expected to break ground in 2012. Gills said he will continue to serve on this board.

During Gills’ leadership YVMC has constructed a $13 million hospital expansion and added or enhanced critical medical services including cardiology and cancer care. 

“I have been in hospital management since 1978 and am ready for the next chapter in my professional career, even though at this time I am not sure what that will be,” Gills said. “I feel very privileged to have served this community and YVMC over the past 11 years.”