Cone Health CEO, CFO Announce Transition Plans Around Merger
The top two leaders at Greensboro’s Cone Health have announced plans to leave the organization. This comes as a merger with Sentara Healthcare is pending.
Chief Executive Terry Akin announced on Thursday he will leave Cone Health later this year. Akin says he will stay with the health care system until the forthcoming merger with Sentara Healthcare is completed.
Chief Financial Officer Jeff Jones will also be moving on. According to a news release, the two executives made their decisions independently and for personal reasons.
Current Chief Operating Officer Dr. Mary Jo Cagle will take over the top spot once the merger gains regulatory approval. Senior Vice President of Financial Services Andy Barrow will succeed Jones upon his departure.
Akin has been with Cone Health for over 11 years and has served as CEO since 2014. He released a statement saying the merger between Cone and Sentara represents “the best possible future” for the organization.
Sentara Healthcare plans to maintain its headquarters in Norfolk, Virginia, with the Greensboro facilities serving as a regional hub.