Head of Abu Dhabi hospital named Cleveland Clinic CEO
Dr. Tomislav “Tom” Mihaljevic will take over as president and CEO of the Cleveland Clinic effective Jan. 1. He succeeds the retiring Dr. Toby Cosgrove.
A cardiothoracic surgeon, Mihaljevic is currently CEO of Cleveland Clinic Abu Dhabi. The clinic’s boards of directors and governors unanimously selected Mihaljevic based on the recommendation of a nomination committee, according to a news release from the system. Cosgrove will stay on at the clinic in a yet-tobe-determined advisory role.
“Dr. Mihaljevic brings a depth of experience, first as an innovative, world-class surgeon and more recently as a hospital executive focused on health care quality and safety, patient experience and business strategy,” board Chairman Robert Rich Jr. said in a statement. “By nearly every measure—quality, accessibility, finances, innovation, reputation— Cleveland Clinic has made unprecedented strides since Dr. Cosgrove became CEO in 2004. Following in his footsteps would be challenging for anybody, but Dr. Mihaljevic has the background, skills and vision to move Cleveland Clinic forward to even greater heights.”
The clinic reported strong financial results for the first half of 2017, driven largely by steady patient volumes. Through June 30, the system’s operating income was $191.2 million, resulting in a 4.5% operating margin, according to the system’s unaudited consolidated financial statements.