Toronto (Jan. 19, 2005) - Today, Mr. Anthony S. Fell, Chair of the Board of University Health Network, announced that Mr. Tom Closson, President and Chief Executive Officer, is stepping down from his position at UHN, effective June 2005.

"We are, of course, very sad to announce Mr. Closson's departure," said Mr. Fell. "In our opinion, he's done an outstanding job in his five-year tenure at UHN and we are most appreciative of all that he has contributed. He has indicated that he wants to take more time for himself, his family, friends and his interests outside health care and I certainly respect that decision, despite the fact that we would rather he stay at UHN."

Mr. Fell also announced that the search for the next President & CEO of UHN would be chaired by Philip Orsino, the Chair-Elect of UHN's Board of Trustees. Mr. Fell is completing a five-year term as the volunteer Chair of the Board in June 2005.

"Leading University Health Network has been an honour," said Mr. Closson. "The depth of talent, the commitment to our patients and the fine individuals I work with each and every day have provided me with the most rewarding work experience of my career. It hasn't been an easy decision but it is the right one at this time in my life. Right for me and right for UHN."

Mr. Orsino, in his role as Chair-Elect, will lead the search process for the next President and CEO or University Health Network.

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