Cerner Executive Jeff Townsend Announces Retirement
September 09 2019 - 4:05PM
Cerner Corporation (Nasdaq: CERN) announced today that Jeff
Townsend, executive vice president and chief of innovation, will
retire by the end of the year, following three decades of leading
and accelerating health care.
“For more than 30 years, Jeff has worked diligently to position
Cerner for key opportunities and prepared us to drive the next wave
of health care innovation,” said Brent Shafer, chairman and CEO,
Cerner. “On behalf of the board of directors as well as Cerner’s
associates worldwide, I want to thank Jeff for his extraordinary
contributions to Cerner. His impact will last for years to
come.”
Since 1985, Jeff has led initiatives that helped shape Cerner’s
identity, including the discovery and acceleration of
first-of-a-kind solutions. His experience includes chief of staff,
chief engineering officer and principal architect of the Cerner
Millennium® platform.
“The unique thing about Cerner and our industry is that over the
more than three decades I’ve been a part of the journey, there was
never a lull. Now is no different - I believe another wave of
disruptive innovation is just around the corner,” said
Townsend. “It was very important to me that before stepping
away from my day-to-day involvement, Cerner be well positioned for
the next wave. I believe this is the case as Cerner has the
strategies, architectures, talent and partnerships in place to play
a leadership role in driving meaningful improvements in health
care.”
Earlier this year, Cerner announced a new operating model
focused on client success, designing and implementing intelligent
systems and creating better health experiences to ultimately
transform the future of health care. Townsend has been instrumental
in guiding these initiatives and providing leadership to help
clinicians save time, reduce costs and provide better health care
delivery.
Upon his departure, Townsend will continue to serve in an
advisory role.
About CernerCerner’s health
technologies connect people and information systems at more than
27,500 contracted provider facilities worldwide dedicated to
creating smarter and better care for individuals and communities.
Recognized globally for innovation, Cerner assists clinicians in
making care decisions and assists organizations in managing the
health of their populations. The company also offers an integrated
clinical and financial systems to help manage day-to-day
revenue functions, as well as a wide range of services to support
clinical, financial and operational needs, focused on people. For
more information, visit Cerner.com, The Cerner Blog, The Cerner
Podcast or connect on Facebook, Instagram, LinkedIn or Twitter.
Nasdaq: CERN. Smarter Care. Better Outcomes. Healthier
You.
Media Contacts:
Cerner Misti Preston, Public Relations, (816)
299.2037, Misti.Preston@cerner.com
All statements in this press release that do not directly and
exclusively relate to historical facts constitute forward-looking
statements. These forward-looking statements are based on the
current beliefs, expectations and assumptions of Cerner's
management with respect to future events and are subject to a
number of significant risks and uncertainties. It is
important to note that Cerner's performance, and actual results,
financial condition or business could differ materially from those
expressed in such forward-looking statements. The words “position”,
“believe”, and “opportunities” or the negative of these words,
variations thereof or similar expressions are intended to identify
such forward-looking statements. For example, our forward-looking
statements include statements regarding Cerner’s current and future
position in the market and business opportunities. Factors
that could cause or contribute to such differences include, but are
not limited to: the possibility of significant costs and
reputational harm related to product-related liabilities; the
possibility of interruption at our data centers or client support
facilities, or those of third parties with whom we have contracted
(such as public cloud providers), that could expose us to
significant costs and reputational harm; the possibility of
increased expenses, exposure to legal claims and regulatory actions
and reputational harm associated with a cyberattack or other breach
in our IT security or the IT security of third parties on which we
rely; risks associated with the unexpected loss or recruitment and
retention of key personnel or the failure to successfully develop
and execute succession planning to assure transitions of key
associates and their knowledge, relationships and expertise; risks
related to our dependence on strategic relationships and third
party suppliers; significant competition and our ability to quickly
respond to market changes, changing technologies and evolving
pricing and deployment methods and to bring competitive new
solutions, devices, features and services to market in a timely
fashion; managing growth in the new markets in which we offer
solutions, health care devices or services; risks inherent in
contracting with government clients, including without limitation,
complying with strict compliance and disclosure obligations,
navigating complex procurement rules and processes and defending
against bid protests; changing political, economic, regulatory and
judicial influences, which could impact the purchasing practices
and operations of our clients and increase costs to deliver
compliant solutions and services; non-compliance with laws,
government regulation or certain industry initiatives or failure to
deliver solutions or services that enable our clients to comply
with laws or regulations applicable to their businesses; inability
to manage organizational change and reduce expenses and costs to
the extent currently anticipated; and risks that Cerner’s revenue
growth may be lower than anticipated and/or that the mix of revenue
shifts to low margin revenue. Additional discussion of these and
other risks, uncertainties and factors affecting Cerner's business
is contained in Cerner's filings with the Securities and Exchange
Commission. The reader should not place undue reliance on
forward-looking statements, since the statements speak only as of
the date that they are made. Except as required by law, Cerner
undertakes no obligation to update or revise forward-looking
statements to reflect changed assumptions, the occurrence of
unanticipated events, or changes in our business, results of
operations or financial condition over time.
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