Aetna Announces Leadership Changes

Aetna announces leadership change in line with growth strategy

We are facing a period of unprecedented change and opportunity in the health care system. Today we are announcing a new operating model and the associated leadership changes that are designed to position us well to capitalize on the opportunities ahead.

Our new operating model aligns us more closely to our customers, will make us more effective at capitalizing on emerging opportunities related to health reform, and will help us transform to a more consumer-oriented company. We want to share this new organizational model and leaders with you

National Businesses is a new organization that will be led by Joe Zubretsky, now our senior executive vice president and chief financial officer. National Businesses combines some of Aetna’s most prominent businesses. This change reinforces our commitment to transform the network model by aligning provider and payer incentives to improve the quality and affordability of health care.

The organization will include: National Accounts, Care Management, Medical Cost Analytics, National Networks, Pharmacy, Behavioral Health, Vision, Prodigy and Payflex. Joe will continue to lead Emerging Businesses (including Accountable Care Solutions, ActiveHealth Solutions, Medicity and iTriage), Workers Compensation, Cofinity, Enterprise Strategy and Business Development.

This appointment reflects the significant contributions Joe has made to both Aetna’s financial strength and strategic direction since he joined Aetna in 2007.

Local and Regional Businesses is a new organization that will be led by executive vice president Karen Rohan. This change underscores that health care is local and will help us more fully prepare for our proposed acquisition of Coventry. This organization will include the individual, small group and middle market businesses, the regions, strategic development and product, and health care exchanges. It also will include Life Insurance, Disability, Dental, Voluntary, Student Health and the Consumer Platform/CarePass. Karen also will continue her role as the head of our Coventry integration team. Since joining Aetna in 2012, Karen has become an increasingly valuable member of the leadership team and made significant contributions to our growth strategy.

Today we also are announcing the retirement of executive vice president Frank McCauley, who will continue to work with Chairman and CEO Mark Bertolini on a number of important initiatives, including preparing the company for health reform, until he retires later this year.

We also have named Shawn Guertin to succeed Joe Zubretsky as Aetna’s chief financial officer, with responsibility for Finance and Investments.

There are no changes to our Government Businesses or International Businesses.