Deerfield: Baxter International Inc., has announced that José (Joe) E. Almeida, chair, president and chief executive officer (CEO), will retire from his executive roles with the company,

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.

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.