Kenneth Shine, executive vice chancellor for health affairs at the University of Texas System, will join Minnetonka, Minn.-based UnitedHealth Groups board of directors, effective in early February after the boards next meeting.
In his role at the University of Texas, Shine, 73, oversees the budgets, academic programming, personnel and healthcare delivery at the systems six health institutions. UT also has nine academic universities.
He will bring to UnitedHealth Group not only his professional medical experience, but also his vast knowledge of the U.S. healthcare and the challenges it faces, his commitments to evidence-based care, expanding medical research and patient-safety programs, and his expertise in global healthcare issues, said Stephen Hemsley, president and chief executive officer of UnitedHealth Group, in a news release about Shines appointment.
Shine served as interim chancellor at UT from May through December 2008. Before his arrival at the Austin-based system in November 2003, Shine was president of the Institute of Medicine. A 1961 graduate of Harvard Medical School, Shine is also professor of medicine emeritus at the University of California at Los Angeles School of Medicine, where he served as dean and provost for medical science before joining the IOM.
At UnitedHealth Group, shareholders vote on all board members annually, and the board meets quarterly in person and via telephone, according to Tyler Mason, a spokesman for UnitedHealth Group. The majority of director compensation is paid in company equity, according to a UnitedHealth Group filing with the Securities and Exchange Commission last year. UnitedHealth Group reduced initial grants of stock options to new directors by about 57% in January 2007. Shine was not available for an interview by deadline.