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Todd Peterson, UNC Hospitals’ executive vice president and chief operating officer, announced today that he will retire on June 30, 2010.
Peterson has directed UNC Hospitals’ operations since 1989, a role in which he oversees an operating budget of nearly $1 billion, a capital budget of $100 million and a staff of 7,000 colleagues.
Peterson was instrumental in the 1990 creation and implementation of the structure which allows UNC Hospitals to retain earnings as capital reserves. Since 1990 UNC Hospitals has funded more than $1 billion in capital projects, while maintaining an AA bond rating and a healthy operating margin. UNC Hospitals have also been named one of the “Best Hospitals in America” by U.S. News & World Report every year since 1993 and have received numerous quality and value awards.
“The incredible growth of UNC Hospitals over the past 20 years to almost 800 beds would not have been possible without Todd’s leadership,” said Gary Park, president of UNC Hospitals. “Todd’s steady hand ensured that we could remain true to serving the people of North Carolina even as we built and opened four new hospitals and hundreds of new beds during his tenure.”
“Todd’s service to the people of North Carolina is notable for its excellence and longevity,” said Dr. Bill Roper, CEO of UNC Health Care. “For more than 20 years he has led UNC Hospitals with the goal of providing the very best care to each of our patients. We are grateful for his service and thankful for the opportunity to work with him.”
Prior to working at UNC Hospitals, Peterson served as associate hospital director of the University of California, Davis Medical Center from 1980 to 1989. From 1973 to 1980 he worked at Hahnemann University Hospital in Philadelphia, Pa., where his various responsibilities pertained to professional services and ambulatory clinics. He also served as assistant director of the Faculty Practice Plan. His management career began at Mellon Bank in Pittsburgh, Pa.
Peterson is a graduate of the University of Pittsburgh (B.S., Business, 1968) and the George Washington University (M.A., Healthcare Administration, 1974). He served at U.S. Army Headquarters in the Republic of Vietnam in 1970.
His community activities have included board memberships for North Carolina Hospital Association, Chamber of Commerce, Chatham Hospital, YMCA, and an AIDS service center; judge of elections; and various adjunct faculty positions. He is a Fellow of the American College of Healthcare Executives.
Peterson has served as preceptor for the administrative fellowship at UNC Hospitals since 1990, and he is committed to teaching and mentoring emerging leaders in health care.
Media contact: Karen McCall, (919) 966-4752, email@example.com