CLEVELAND — Rick Chiricosta announced on October 19 his intention to retire as President, President and CEO of Medical Mutual of Ohio, a position he has held since January 2009. Chiricosta will remain with Medical Mutual until the end of 2022 to provide a leadership transition.
The Board of Directors has selected executive search firm Spencer Stuart to assist in the search for Chiricosta’s successor.
“On behalf of our Board of Directors and the Medical Mutual family, I would like to thank Rick for his visionary leadership and unwavering dedication to the communities we serve,” said Senior Director Bob King. “He has been the heart and soul of our company, fiercely dedicated to its customers and employees, for over a decade.
Chiricosta started his career at Medical Mutual in 1986 as controller of the western division of the company in Toledo. In 1989, he became Chief Financial Officer of Medical Life Insurance Co., then a wholly-owned subsidiary of Medical Mutual. After a brief departure in 1998, Chiricosta returned to Medical Mutual in 1999 to serve as Vice President of Finance. In 2006, he was appointed to the dual position of President, Consumers Life Insurance Co., and Executive Vice President, Mergers and Acquisitions. He was appointed President and CEO in 2009 following the untimely death of Kent Clapp. In 2013, he was appointed Chairman of the Board of Directors of Medical Mutual.
Throughout her time at Medical Mutual, Chiricosta’s commitment to the community was unmatched. He was secretary of the board of directors of the Rock & Roll Hall of Fame. He has also chaired the boards of directors of the Greater Cleveland Partnership and the Cuyahoga Community College Foundation, served as vice chairman of the board of directors of the Kidney Foundation of Ohio, and served on the executive committee of the board of directors of United Way of Greater Cleveland. Chiricosta served as the Greater Cleveland Food Bank’s 2019 and 2020 Harvest for Hunger Campaign Co-Chair and United Way of Greater Cleveland’s 2012 Campaign Co-Chair. He served as president of the 50 Club of Cleveland, graduated from the 2006 Cleveland Leadership Class, and was inducted into the Northeast Ohio Business Hall of Fame in 2011.
“It has been a lifelong honor to serve the members and employees of Medical Mutual,” said Chiricosta. “This company and the amazing people who work there are so important to the communities of Ohio. I am eternally grateful for the time I have spent here and the impact it has had on my life.
Copyright 2021 The Business Journal, Youngstown, Ohio.