CONTACT: Tara Murray
BOSTON - March 5, 2010 - Blue Cross Blue Shield of Massachusetts' (BCBSMA) Board of Directors today elected Paul Guzzi, President and Chief Executive Officer (CEO) of the Greater Boston Chamber of Commerce, as Chairman of the Board.
Guzzi's election follows a Board decision last September to separate the roles of Chairman and Chief Executive Officer to reflect national best practices related to corporate governance. A governance review by the Board determined that while many businesses have one person who serves as both Chairman and CEO, emerging best practice trends suggest separating the roles. The Board made its decision at the request of Killingsworth who will continue to lead the company in his role as President and CEO.
As a non-executive, independent Chairman, Guzzi will work with the Board of Directors to set, implement and monitor corporate strategy, and will provide strategic direction to ensure the good health of BCBSMA, its members and community. Guzzi has served as a BCBSMA board member for nine years.
"As a former Massachusetts secretary of state and leader of Fortune 500 companies, Paul brings extensive business and government expertise to the Chairman role," said Killingsworth.
Guzzi said he was humbled by his election and added that "I look forward to working with other board members and management to ensure that BCBSMA continues its leadership role in improving the quality and affordability of health care here in the Commonwealth. I commend Cleve for his leadership in developing innovative and sustainable solutions to the complex set of health care challenges we face."
Prior to the Chamber, Guzzi was Vice President of State and Community Affairs for Boston College. He also served as a consultant for international recruitment and consulting firm Heidrick & Struggles, was a vice president at Data General Corporation, and a senior vice president at Wang Laboratories. During his tenure at Wang, he worked closely to oversee the restoration and transformation of what is now the Wang Theatre.
Guzzi also has an extensive background in public service and was formerly a Massachusetts state representative and secretary of state. He also served as a chief of staff for Governor Edward King and chief administrator of the Board of Regents of Public Higher Education.
Guzzi currently serves as a trustee of the Citi Performing Arts Center; is a director of The Partnership, Inc. and Edgewater Technology Corporation; is a member of the advisory boards of the Boston Club and the Kennedy School Taubman Center for State and Local Government; and is a founding board member of The Initiative for a New Economy (INE).
Blue Cross Blue Shield of Massachusetts (www.bluecrossma.com) was founded 73 years ago by a group of community-minded business leaders. Today, headquartered in Boston, BCBSMA provides coverage to nearly 3 million members, 2.5 million in Massachusetts. BCBSMA believes in rewarding doctors and hospitals for delivering safe and effective care, and in empowering patients to take more responsibility, become educated health care consumers and become stronger partners with their doctors. Blue Cross Blue Shield of Massachusetts is an independent licensee of the Blue Cross Blue Shield Association.