The CEO transition at HCA (NYSE:HCA) seems to be going smoothly. The company announced that R. Milton Johnson will take the job upon the resignation of current Chief Executive Richard Bracken at the end of this year. Bracken will keep his other current position of chairman following that succession, however.
Johnson has been with HCA for 31 years. He is currently president, CFO, and a director at the company. He will continue to hold the former position after he accedes to the CEO post.
HCA said it is conducting an internal search for a new CFO and that it expects to make an announcement regarding the position "in the coming months."
Fool contributor Eric Volkman has no position in HCA. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.