Home » News » Currently Reading:

Cerner Names Brent Shafer as Chairman and CEO

January 10, 2018 News 8 Comments

image 

Cerner announces that it has hired Brent Shafer as its board chair and CEO, effective February 1. The 60-year-old Shafer had been CEO/EVP of Philips North America from since 2014 and a Philips employee since 2005. Prior to that, he held roles at Hill-Rom, GE Medical Systems, HP, Johnson & Johnson, and Intermountain Healthcare.

Cerner co-founder Cliff Illig, who has held interim roles as CEO and board chair since the death of Neal Patterson in July 2017, will resume his previous role as vice-chairman of the board.

Illig said in a statement, “Brent is a proven chief executive who has helped lead the growth and strategies of a complex, multinational organization over a number of years. He is committed to innovation, with extensive knowledge of healthcare, technology, and consumer markets and an exceptional skill set that complements Cerner’s strong leadership team. Since our founding, Cerner has used the power of information technology to disrupt and improve healthcare. The addition of Brent to our leadership team positions Cerner well for our next era of growth.”

Shafer said in the announcement, “For decades, Cerner has built its reputation on meaningful innovation and driving client value. This company’s history of remarkable, sustained growth is testament to a strong leadership culture and I’m excited to celebrate many new milestones with Cerner associates around the world. My commitment to Cerner’s clients, shareholders, and associates worldwide is that we will continue to be the catalyst for real and effective improvement across healthcare.”

According to SEC filings, Shafer will earn a base salary of $800,000, will be eligible for a $1.2 million annual bonus, will be awarded $4 million worth of Cerner shares plus a $3.7 million award to replace his forfeited Philips equity, and will be allowed use of Cerner’s corporate aircraft up to $100,000 annually. He will be paid two years’ salary if the company is sold.

View/Print Text Only View/Print Text Only


HIStalk Featured Sponsors

     

Currently there are "8 comments" on this Article:

  1. So, Cerner’s new CEO is hired with a golden parachute! He gets $1.6 million if the company is sold. That’s terrible. It would be far better if he were to get a bonuses based upon customer satisfaction, but, then again, corporations don’t give those types of incentives to CEOs. Sad.

    • $1.6MM is perhaps the lowest golden parachute I’ve ever heard of. It’s two years of salary, which is already crazy low in healthcare. Don’t forget the amount of risk, responsibilities, and obligations CEOs take on as well.

      • Golden Parachute? Not only is it small, this is common practice. Executives of this stature don’t negotiate their own contracts. Lawyers sit at the table head to head protecting their client and protecting the company. Pretty standard stuff.

  2. I’m not suggesting he is not capable, but 60 years old seems a bit long in the tooth. How long do they expect him to serve as CEO?

    • I think that’s pretty par for the course for a big cap company. The last time Cerner had a 29-year-old CEO, it only had 3 employees. (Thanks, Neal, Paul & Cliff.) It’s not a startup anymore; I don’t think there’s anything wrong with getting someone with large-company experience.

    • My God, 60 is too old? Hint- rapidly aging population. He’s not anywhere near retirement age, and CEO tenures are pretty short- at least outside of HIS.

  3. As usual, some of the best people they have, are getting ran over. I have never seen so many eager “little-young people” in an organization i.e. the “Cerner Cult” vying for such meager positions in hopes of someday being an executive in the organization. Yet, over and over, they hire outside of the organization for the juicy positions. You would think they could seek true talent within. Nope, it’s just another company seeing stars in their eyes in another pasture…..







Subscribe to Updates

Search


Loading

Text Ads


Report News and Rumors

No title

Anonymous online form
E-mail
Rumor line: 801.HIT.NEWS

Tweets

Archives

Founding Sponsors


 

Platinum Sponsors


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gold Sponsors


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reader Comments

  • AI lover: Re: Memorial Sloan Kettering Cancer Center AI paper: 1. It is not unsupervised as you've mention and it is not "weakl...
  • AC: "MDLive’s Lyle Berkowitz, MD was quoted as saying that virtual visits are like Netflix compared to the Blockbuster-lik...
  • Ramon bonilla: Does a current problem list mean that everything on the list is what u have?...
  • Woodstock Generation: When my college peers and I decided to major in one of the many healthcare professions, including the nascent HIT, the r...
  • AC: "American Airlines apologizes to Tisha Rowe, MD, MBA and promises to hire a chief inclusion and diversity officer after ...
  • DoesNotSoundFun: Is Providence's thing really a tech company though? They have an interest in saying that it is since they could bill mor...
  • Joe Gellatly: We are one of those white-glove service, reasonably-priced Security Risk Assessment vendors out there. I must say that t...
  • richie: Hope a Dx patient doesn't read how attrition is fun fodder for heartfelt sentiment. I think there are people who care a...
  • Demo Chic: Kudos to Dr. Belden and the MU team for their EMR Happy Hours. We did something similar back in 2007 but our sessions w...
  • David N: "The kidney has a very special place in the heart" - President Trump 07/10/19...

Sponsor Quick Links