"As such, we have ratified a cost management program aimed at revamping our supply chain infrastructure, rationalizing our real estate footprint, and restructuring our operating model to pre-pandemic levels," says Griggs in the release. Additionally, the company announced Griggs will step down as CEO at the end of the second quarter by mutual agreement with the board of directors. The board is working with a leading executive search firm to identify a new CEO and is considering several qualified candidates. Richard Barasch, chairman of the board, will serve as interim CEO if a successor to Griggs is not appointed by the time of his departure. Griggs will not seek re-election to the board at the company's forthcoming annual meeting in June. Griggs joined AdaptHealth in 2021 following its acquisition of AeroCare Holdings Inc, which he founded in 2000 and led as president and CEO until the acquisition.