Kaiser Permanente's president and chief operating officer, Bernard Tyson, will take over as CEO and chairman of the health care company, the insurance giant announced Monday.

Tyson will replace retiring CEO and board chair George Halvorson, who last month said he'll retire in December 2013. Halvorson has been CEO since 2002.

"The board made an excellent choice," Halvorson said in a statement. "Bernard has done an extremely good job as president and COO of Kaiser Permanente, and I am confident he will continue to perform at the same level as chairman and CEO."

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