Molina Healthcare appoints Hanover Insurance boss as new CEO

California-based Molina Healthcare, a provider of managed health care services under the Medicaid and Medicare programs, has named Joseph Zubretsky as its new president and chief executive officer.

Zubretsky will also be appointed as a member of the Board of Directors when he joins the company in November.

Zubretsky, who most recently served as president and chief executive officer for The Hanover Insurance Group and a member of its board of directors, will succeed interim chief executive officer Joseph White. White will remain with Molina Healthcare in his role as chief financial officer and will provide continuity during the transition.

Prior to his role at The Hanover, Zubretsky served almost nine years at Aetna, where he most recently was chief executive officer of Healthagen Holdings, a group of healthcare services and information technology companies.

From 2013 to 2014, Zubretsky served as senior executive vice president leading Aetna’s National Businesses, a $10 billion business providing health solutions to multi-national companies, and from 2007 to 2013 served as Aetna’s chief financial officer.

“The board and I are thrilled to welcome Joe Zubretsky as Molina’s next President and CEO,” said Dale Wolf, chairman of the Molina Healthcare Board of Directors. “Joe is the right CEO to lead Molina during this transformative period. He has a track record of strong leadership across multiple businesses, both inside and outside managed care, and has first-hand experience in leading restructuring efforts at previous organizations. We are confident that, under Joe’s leadership, Molina is well-positioned to realize the benefits of our transformation, build on the company’s strengths, drive operational excellence, and increase shareholder value.”

Zubretsky commented: “I am excited to begin my new role at Molina Healthcare. The company’s rich heritage and focus on serving families and individuals in need, combined with an unwavering mission-driven culture, generate a compelling service offering in the government healthcare space. I feel a strong obligation to champion operational improvement efforts and growth initiatives that will build on the organizational pride of our employees, as I believe this will ultimately translate into greater value for the customers we contract with, providers, members, and our shareholders.”