HealthSouth Corp. chairman Bob May, who led the health care company through a massive accounting scandal, announced his resignation, effective Oct. 1.
In a statement, the company said that director Jon Hanson has been elected to replace May, who had been named to the HealthSouth board in 2002. In January, May was named interim chief executive officer of Charter Communications Inc., a cable company based in St. Louis.
"Now, due to increasing professional and personal opportunities and obligations, I feel this is the right time for me to turn over my responsibilities to HealthSouth's new leadership team," May said in a statement.
Former chief executive Richard Scrushy was acquitted in late June on all of the three dozen counts he faced in connection with the $2.7 billion accounting scandal that inflated earnings at the company, though he still faces civil charges from the Securities and Exchange Commission. More than a dozen former executives pleaded guilty in connection with the earnings overstatement, but Scrushy has maintained his innocence and said that he wants to return to the company he founded in some capacity.
