Aetna Promotes Two Senior Executives
CFO Joseph M. Zubretsky named Senior Executive Vice President
CIO Meg McCarthy named Executive Vice President
HARTFORD, Conn., — Aetna (NYSE: AET) today announced that Chief Financial Officer Joseph M. Zubretsky, 54, has been named senior executive vice president and CFO, and given the additional responsibility of leading Aetna’s strategic diversification initiatives. In addition, Margaret (Meg) McCarthy, 56, chief information officer and leader of Aetna’s innovation, technology and service operations, is being promoted to executive vice president. The effective date for the appointments is November 29, 2010. They will report to Mark T. Bertolini, currently Aetna’s president and head of Business Operations, who recently was appointed chief executive officer, effective November 29.
Zubretsky joined Aetna in 2007. In addition to his new responsibilities, he will continue to lead the corporation’s financial activities, including financial and performance management, capital strategy and planning, investor relations, corporate development, investment management and strategic planning, as well as spearheading Aetna’s strategic diversification initiatives.
McCarthy joined Aetna in 2003. In addition to her duties as CIO, she is responsible for clinical innovation, technology and service operations, as well as process and performance improvement, procurement and real estate services.
“Since he joined the company three years ago, Joe Zubretsky has proven to be a strong leader whose strategic and financial acumen is critical to the company’s success,” Bertolini said. “Joe’s hands-on leadership in evaluating and managing new business development opportunities has further leveraged our already strong core businesses. I am pleased to elevate him into a broader leadership role where he can further our efforts to develop new revenue streams across our business portfolio. As we look toward the future, strategic diversification will be an essential element of our ongoing success in the marketplace.”
“Meg McCarthy is a strong, well-rounded executive with deep knowledge of our technology and service platforms, which are key elements to successfully executing our customer-focused strategy to build a better, more information-driven health care marketplace. Meg has provided a consistent vision of the future use of technology in health care, which will be essential in the successful implementation of health care reform.”
“The recognition for these outstanding individuals demonstrates the strength and depth of Aetna’s leadership team and our strong succession planning process,” he said.
Aetna recently announced that Chairman and CEO Ronald A. Williams will retire in April 2011. Effective Nov. 29, Williams will become executive chairman and Bertolini will be appointed chief executive officer and elected to the company’s Board of Directors. Aetna said that the Board intends to elect Bertolini to the additional role of chairman of the Board upon the retirement of Williams.
Aetna is one of the nation’s leading diversified health care benefits companies, serving approximately 35.8 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com. To learn more about Aetna’s innovative online tools, visit www.aetnatools.com.
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