Ro­han pro­moted to pres­i­dent at Aetna

Modern Healthcare - - NEWS MAKER -

Who: Karen Ro­han, 51

New role: Pres­i­dent of Aetna, ef­fec­tive Jan. 1. Ro­han will over­see Aetna’s na­tional, gov­ern­ment, spe­cialty and lo­cal/re­gional business lines and will re­port to CEO Mark Ber­tolini.

Pre­vi­ous roles: Ro­han joined Aetna in 2012 after work­ing as pres­i­dent of Mag­el­lan Health and as an ex­ec­u­tive at Cigna Corp. As ex­ec­u­tive VP, she led Aetna’s in­te­gra­tion of Coven­try Health Care, which Aetna ac­quired in 2013. That deal was val­ued at $7.3 bil­lion, in­clud­ing debt. Ro­han also over­saw Aetna’s en­trance into the in­di­vid­ual ex­changes es­tab­lished un­der the Pa­tient Pro­tec­tion and Af­ford­able Care Act. Her 2013 com­pen­sa­tion to­taled $3.45 mil­lion.

Wall Street’s view: Some be­lieve Ro­han’s pro­mo­tion could sig­nal po­ten­tial suc­ces­sion plan­ning for Ber­tolini. Ro­han and Ber­tolini worked to­gether at Cigna. Aetna com­peti­tor Unit­edHealth Group made a sim­i­lar ex­ec­u­tive move in Novem­ber when it named CFO David Wich­mann pres­i­dent. Some view Wich­mann as the even­tual suc­ces­sor to CEO Stephen Hem­s­ley.

Ber­tolini on her pro­mo­tion: “I am pleased that Karen will take this en­hanced role in help­ing di­rect our op­er­a­tions as we con­tinue to grow and meet the evolv­ing needs of our cus­tomers. Karen is a proven leader and has been in­stru­men­tal in im­ple­ment­ing our business strat­egy.”

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