Medical Mutual Chairman and CEO Chiricosta to Retire

CLEVELAND—Rick Chiricosta announced Oct. 19 his plan to retire as chairman, president and CEO of Medical Mutual of Ohio, a role he has held since January 2009. Chiricosta will remain with Medical Mutual through the end of 2022 to provide a smooth and seamless leadership transition.

The board has selected executive search firm Spencer Stuart to assist with the search for Chiricosta’s successor.

“On behalf of our board of directors and the Medical Mutual family, I want to thank Rick for his visionary leadership and unwavering dedication to the communities we serve,” said Lead Director Bob King. “He has been the heart and soul of our company, fiercely dedicated to its customers and its employees, for more than a decade.”

Chiricosta began his career with Medical Mutual in 1986 as controller of the company’s western division in Toledo. In 1989, he became chief financial officer for 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 named to the dual roles of president, Consumers Life Insurance Co., and executive vice president, mergers and acquisitions. He was named president and CEO in 2009 following the untimely death of Kent Clapp. In 2013, he was named chairman of Medical Mutual’s board of directors.

Throughout his time at Medical Mutual, Chiricosta’s commitment to the community was unmatched. He served as secretary of the board of directors for the Rock & Roll Hall of Fame. He also chaired the boards of the Greater Cleveland Partnership and the Cuyahoga Community College Foundation, was vice chair of the board of the Kidney Foundation of Ohio and served on the executive committee of the United Way of Greater Cleveland board. Chiricosta was co-chair of the Greater Cleveland Food Bank’s 2019 and 2020 Harvest for Hunger campaigns and co-chair of the United Way of Greater Cleveland’s 2012 campaign. He was a past president of The 50 Club of Cleveland, a graduate of the 2006 class of Leadership Cleveland and was inducted into the Northeast Ohio Business Hall of Fame in 2011.

“It has been an honor of a lifetime to serve Medical Mutual’s members and employees,” said Chiricosta. “This company, and the amazing people who work here, are so important to Ohio’s communities. I’m forever grateful for the time I have spent here and the impact it has had on my life.”

Copyright 2021 The Business Journal, Youngstown, Ohio.