Blue Cross CEO leaves after six months
Blue Cross and Blue Shield of Minnesota CEO Kenneth Burdick has left the health insurer after only six months.
The Eagan-based nonprofit announced on July 19 that Burdick stepped down immediately after the board became aware of concerns related to whether there had been adequate disclosure of some anticipated business activities.
An internal investigation into the matter concluded that Burdick hadn’t committed any illegal actions, but his lack of disclosure broke company policy and management expectations, according to a company statement.
Burdick joined Blue Cross in Minnesota in February. Before that, he served as senior vice president of Bethesda, Md.-based Coventry Health Care Inc. and was the CEO of their Medicaid and behavioral health business.
Prior to his role at Coventry, Burdick served as CEO of two UnitedHealth Group companies. He also held senior leadership positions at Travelers Companies and CIGNA Corporation.
Company representatives said Blue Cross is looking for a different kind of CEO to lead the health insurer.
“The board concluded we needed a new direction in our CEO to lead this outstanding organization while leveraging the strengths of our dedicated employees in providing the highly valued health products and services that are so important to our members,” said Vance Opperman, chair of Blue Cross board of trustees.
Blue Cross named Scott Lynch, senior vice president and chief legal officer, as the interim CEO. The board plans to begin the search for a permanent CEO immediately, according to the statement.
Burdick’s leave follows an apparent shake-up in March that resulted in the departure of Blue Cross’ three top executives: Pamela Sedmak, Greg Gilmet and Kathleen Mock.
Note: The original post indicated Burdick previously was CEO of BCBS Florida. That was not the case. In fact, Patrick Geraghty, BCBS Minnesota’s former CEO, left his position here for BCBS Florida.