Baxter Names José Almeida Chairman & CEO - Quick Facts

(RTTNews) - Baxter International (BAX) announced the company's Board has named José (Joe) Almeida new Chairman and CEO, effective January 1, 2016. Almeida served as Chairman, President and CEO of Covidien from 2012 through 2015 and was named a director of the company in 2011. He will join the company immediately as an executive officer to facilitate a smooth leadership transition.

Almeida will succeed Robert Parkinson, Jr., who has served as the company's Chairman and CEO since 2004 and will retire from these roles January 1, 2016, with a brief transition period thereafter. Upon retirement, Parkinson will assume the title of Chairman Emeritus.