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Blue Cross Blue Shield of Massachusetts Announces new Chairman

CONTACT: Jenna McPhee
(617) 246-7412
Jenna.McPhee@bcbsma.com

Board of Directors elects Bill Van Faasen

BOSTON — September 22, 2010 — The Board of Directors of Blue Cross Blue Shield of Massachusetts (BCBSMA) announced today it has elected Bill Van Faasen as the company's Chairman of the Board. Van Faasen succeeds Paul Guzzi who has served as Chairman since March.

BCBSMA President and CEO Andrew Dreyfus said, "Bill is a leader in our company, in health care, and in the broader business and civic community. He's well-respected by both Board members and BCBSMA leadership. I look forward to working with Bill and the rest of the Board to achieve our highest priority of making quality health care affordable for our customers, members and the community."

Van Faasen said, "I am honored that the Board and Andrew have asked me to play this role during such a critical time in health care. As with our work to expand coverage a few years ago, addressing health care affordability will require all stakeholders to work together in a spirit of collaboration toward a broad community solution. BCBSMA is committed to continuing its leadership role in this process."

On behalf of the entire BCBSMA Board, Van Faasen and Dreyfus both expressed the company's gratitude to Paul Guzzi for his service and leadership as Chairman of the Board. Guzzi added, "I'm proud to have been able to play a role in helping to lead the company through this six month interim period while we searched for a permanent CEO. Along with the rest of the Board, I'm excited by Andrew's selection last month and look forward to continuing to work closely with him in the future." Guzzi will remain on the Board as a Vice Chair.

Van Faasen has served in leadership roles at BCBSMA for twenty years. Most recently, Bill was BCBSMA's interim President and CEO from March until September 2010. He also served as President and CEO from 1992 and 2005 and was Chairman from 2002-2007. Before relocating to Massachusetts in 1990, Bill was Senior Vice President of Operational Services at Blue Cross Blue Shield of Michigan where he served in various operational, marketing and health care capacities over a 20-year period.

Van Faasen has been engaged in numerous civic and community activities since his arrival including organizations such as the Initiative for a New Economy (INE), United Way of Massachusetts Bay, Greater Boston Chamber of Commerce, Boston Private Industry Council, Boston Minuteman Council of the Boy Scouts of America. He has been honored for his values, leadership and contribution to the community. Van Faasen is a recipient of the Lifetime Achievement Award in Health Care from Health Care For All, the Maimonides Award from the Anti-Defamation League, the Distinguished Eagle Scout Award from the Boy Scouts of America, and the New England Council's New Englander of the Year. In recognition of his contributions to the community, BCBSMA established the William C. Van Faasen Community Service Sabbatical program. This program gives one employee per year a leave of absence to work for a charitable organization in the community for a period of three months to six months.

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. 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.

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