Blue Cross appoints new CEO
Michael Guyette to take over health insurer five months after Burdick’s departure
Eagan-based Blue Cross and Blue Shield has named Michael J. Guyette as its new president and CEO. Guyette will take over the duties of president and CEO on Jan. 7, according to a company news release.
“I look forward to leading Blue Cross during a time of unprecedented change and opportunity in the health care industry,” Guyette said in the release.
Scott Lynch, who had been president and CEO on an interim basis, will remain senior vice president and chief legal officer.
Lynch has been running the nonprofit health insurer since the departure of former CEO Kenneth Burdick.
Burdick was hired as CEO in January but stepped down in July after the board of directors became aware of concerns related to whether there had been adequate disclosure of some anticipated business activities.
An internal investigation of the matter concluded that Burdick hadn’t committed any illegal actions, but his lack of disclosure broke company policy and management expectations.
Prior to joining Blue Cross in Minnesota, Guyette served as president of national accounts for Aetna in Hartford, Conn., where he was responsible for overseeing operational performance and business strategy for Aetna’s national accounts division.
Before he joined Aetna in 2010, Guyette held leadership positions at Blue Cross and Blue Shield of Florida for eight years, including senior vice president for the company’s diversified business unit. He also served as chief sales officer and group vice president for its national business unit.
He previously held a variety of senior sales and marketing positions with Independence Blue Cross/AmeriHealth Inc. in Philadelphia and Houston. He also worked for Prudential Healthcare and Continental Insurance in various Texas and Oklahoma markets.
In 2010, Guyette served as chairman of the Consortium of Health Plans, a coalition of 21 Blue Cross and Blue Shield plans founded in 1994 to promote the Blues system as a carrier of choice for national accounts.
Guyette has a bachelor’s degree in finance from the University of North Texas in Denton and an MBA from Villanova University in Villanova, Penn.