The Blue Cross and Blue Shield of Minnesota board of trustees hired Michael Guyette to take over as president and CEO of the company, the insurer's third top leader in less than a year's time after an investigation led to the departure of a previous CEO after just five months on the job.
Blue Cross and Blue Shield of Minnesota announced July 19 that then-President and CEO Kenneth Burdick was leaving the company after the board of trustees raised questions about his leadership style and whether he had adequately disclosed future business activities
to the board. He had taken the job Feb. 16.
An internal probe did not accuse Burdick of any wrong-doing, but a statement at the time said company officials had decided that the failure to disclose business plans “did not meet company expectations or policies.”
Following Burdick's departure, Minnesota Blues Chief Legal Officer and Senior VP Scott Lynch was appointed interim president and CEO until Burdick's permanent successor could be named. A statement on Guyette's hiring says Lynch will retain his former roles with the company.
Guyette, 48, will begin at the Eagan, Minn.-based Blues plan Jan. 7, a company announcement said
. He most recently worked as president of national accounts for Aetna, Hartford, Conn. Before his appointment there in 2010, he worked eight years in executive roles at Blue Cross and Blue Shield of Florida in Jacksonville.
In 2010, Guyette was chairman of the Consortium Health Plans, which is a group of 21 Blue Cross and Blue Shield carriers that works to encourage national accounts to join the Blues network.