But Tripp told CNBC in a statement that he’s committed to staying on as CEO of Grand Rounds.
“To the extent we can be part of their solution as their mission sharpens, we’d be glad to pitch in — just as we would assist any organization that wants to improve clinical outcomes,” Tripp said.
Berkshire CEO Warren Buffett said at the company’s investor meeting earlier this month that the consortium hoped to have a CEO “within a couple of months.”
Todd Combs, an investment manager at Berkshire and the lead recruiter for ABC, has the challenge of finding a leader who can work across three companies with a combined 1.2 million employees and simultaneously help develop innovative solutions in a multitrillion-dollar industry. The group hasn’t said much about how it plans to leverage its size and scale to bring down costs or how it will use technology to simplify the health-care system for consumers.
As if that weren’t demanding enough, ABC is structured as an entity “free from profit-making incentives and constraints,” according to the initial announcement, although it will not necessarily be a non-profit. That means Combs needs to find someone who can handle the requisite long hours, extensive Travel and public scrutiny of running a high-profile start-up, but probably without the allure of a big stock incentive plan, which is typically an attractive incentive in tech recruiting.
“Senior talent with an entrepreneurial background might not be inclined to a structure like that,” said Annie Lamont, a co-founder and managing partner at Oak HC/FT who invests in health and financial start-ups. “They could find a professional manager, but true entrepreneurs might well be harder.”
Longtime technology venture capitalist John Doerr has been tapped to help put forward names from his network. The other executives involved, according to the January announcement, are JPMorgan’s Marvelle Sullivan Berchtold and Beth Galetti, a senior vice president at Amazon.
Source : CNBC