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Baxter CEO José Almeida to retire after near decade-long tenure

Summary by WTVB
(Reuters) – Medical products maker Baxter International said on Monday its CEO José Almeida will retire effective immediately, after nearly a decade as the company’s top boss. Almeida’s retirement comes on the heels of Baxter completing a $3.8 billion spinoff of its kidney-care unit. During his tenure, Baxter agreed a $10.5 billion deal to bring hospital bed-maker Hill-Rom under its wing, and shifted focus away from its biopharma business. Almei…

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WTVB broke the news in on Monday, February 3, 2025.
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