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BAXTER WILL NOT REPLACE PRESIDENT TOBIN FOLLOWING DEC. 23 RESIGNATION

This article was originally published in The Gray Sheet

Executive Summary

BAXTER WILL NOT REPLACE PRESIDENT TOBIN FOLLOWING DEC. 23 RESIGNATION; his duties as chief operating officer are being reallocated to the three remaining members of Baxter's Office of the Chief Executive: Chairman/CEO Vernon Loucks, Exec VP-Hospital Business Lester Knight, and Exec VP-Global Business Tony White. James Tobin, 49, resigned as president, chief operating officer and board member "effective immediately."

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