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Aetna Announces Leadership Changes In Line With Growth Strategy

Stocks in this article: AET

Aetna (NYSE: AET) today announced changes to its executive leadership team as part of the company’s growth strategy and a continuing effort to align its businesses with the evolving needs of its customers. These new roles will report directly to Chairman, CEO and President Mark T. Bertolini.

Joseph M. Zubretsky, senior executive vice president and chief financial officer, will lead National Businesses, a new organization that includes Aetna’s National Accounts business, as well as Aetna’s emerging businesses, including Accountable Care Solutions, ActiveHealth Solutions, Medicity and iTriage. The organization Zubretsky will lead also includes Aetna’s national network contracting and care management areas; Aetna’s Specialty Products, including Behavioral Health, Pharmacy and Worker’s Compensation; and Enterprise Strategy and Corporate Development.

As part of the planned management transition, Zubretsky will be succeeded in his role as chief financial officer by Shawn M. Guertin, effective February 25, 2013. Guertin has most recently been Aetna’s head of Business Segment Finance, where he managed the finance organizations of all of Aetna’s businesses. Prior to joining Aetna in 2011, Guertin served for nearly five years as executive vice president, chief financial officer and treasurer of Coventry Health Care, Inc.

Karen S. Rohan, executive vice president, also will assume a newly created position leading Aetna’s Local and Regional Businesses. Rohan’s responsibilities will include leadership of the company’s Individual, Small Group and Middle Market businesses; its field organization, including regional alignment to customers; its local network strategy, regional sales and distribution infrastructure; and its Group businesses. Rohan will continue to lead Aetna’s integration efforts for its proposed acquisition of Coventry, which is expected to close in mid-2013.

“The management changes we are making ensure that we have Aetna’s strongest leaders focused on driving our growth strategy across our core and emerging businesses,” said Bertolini. “We have a unique opportunity to drive positive change in the health care marketplace by fundamentally changing the relationship between health plans, providers and patients to one focused on improving the quality of care as a way to reduce costs. Aligning Aetna’s Accountable Care Solutions, care management and national network organizations and our flagship National Accounts business strengthens our ability to move decisively toward that goal. Joe Zubretsky is the right leader to take this effort forward.

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