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Top Mayo Clinic administrative officer to retire in November

Mayo Clinic's chief administrative officer Jeff Bolton announced his plans to retire on Nov. 30 Monday morning. He has been a member of the Mayo Clinic Board of Trustees since 2011.

Jeff Bolton (1).jpg
Jeff Bolton. Contributed / Mayo Clinic
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Mayo Clinic's chief administrative officer will retire this fall.

Jeff Bolton, who became chief administrative officer in 2013, announced his plans to retire on Nov. 30 Monday morning. He has been a member of the Mayo Clinic Board of Trustees since 2011.

A search process for his replacement is underway. A new chief administrative officer will be announced in the fall.

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"It has been the honor of my career to serve our patients alongside the best staff in health care," Bolton said in the announcement. "As I look back at the past 19 years, it is the people I've worked with and what we've achieved together for patients that stand out the most."

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He helped establish Mayo Clinic’s Destination Medical Center initiative. During his time as CAO, Mayo Clinic has launched the Center for Digital Health and the Mayo Clinic Platform as part of the "Bold. Forward." strategic plan. Bolton also led Mayo Clinic to expand its presence in London as well as Abu Dhabi.

Mayo Clinic reported its best ever annual financial performance under his leadership. The clinic was also named the top hospital in the nation by U.S. News & World Report for six consecutive years during his tenure.

"I have appreciated his partnership and counsel, strong commitment to our mission and patients, excellent strategic insight and strong working relationships with people across Mayo Clinic,” said Mayo CEO and President Dr. Gianrico Farrugia. “I've particularly valued his contributions to our COVID-19 pandemic response, his leadership to promote equity at Mayo Clinic, and his partnership to cure, connect and transform health care for the benefit of our patients. He is a wonderful colleague and friend."

Bolton joined Mayo Clinic in 2002 as its chief financial officer.

He helped Mayo Clinic weather the Great Recession as chief financial officer, when Mayo reported a zero balance at the end of 2008.

When Bolton transitioned from CFO to CAO, then-CEO Dr. John Noseworthy praised his focus on Mayo Clinic’s core values.

"Sometimes we focus too strongly on financial performance," Noseworthy said. "Jeff is always the first to remind us that, when shared in its entirety, Sister Generose's famous quote 'No money, no mission' ends with 'No mission, no need for money,' and that we are all here to take care of our patients."

Before coming to Mayo Clinic, Bolton held various finance-related positions at Carnegie Mellon University, including chief financial officer and vice president of business and planning.

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He serves on the boards of directors of Resoundant Inc., the Destination Medical Center Economic Development Agency, St. Olaf College and Vizient Inc.

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