Baxter International has announced the immediate retirement of José (Joe) Almeida as CEO, president, and chair. Almeida will continue to serve in an advisory capacity until 31 October 2025. The company's board of directors has named Brent Shafer as the new chair and interim CEO and begun the search for a permanent CEO.

The provider of healthcare equipment and supplies said long-time leader, Jose Almeida, has abruptly retired as chairman, president and chief executive.

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.

Baxter International’s longtime CEO and board chair, José Almeida, is stepping down and retiring, effective immediately, the medical device and equipment company announced today, among other leadership transitions.