Aetna Chairman Ronald A. Williams to Retire
Aetna today announced that Chairman and CEO Ronald A. Williams, 60, will retire from Aetna in April 2011. Williams is one of only 5 black CEO's of a Fortune 500 Company. Aetna said that, effective November 29, 2010, Williams will become executive chairman and Mark T. Bertolini, 54, currently Aetna's president and head of Business Operations, will be appointed chief executive officer and elected to the company's Board of Directors. Aetna said that the Board intends to elect Bertolini to the additional role of chairman of the Board upon the retirement of Williams.
"After nearly 10 years at Aetna and with the company performing well, it is time to step aside. The passage of major health care reform legislation has underscored the need for market-based solutions to address quality and affordability challenges in health care, and the next few years will present another opportunity for Aetna to lead," said Williams. "Mark Bertolini is the ideal person to take Aetna forward. He has done an excellent job in driving Aetna's strong operating improvement and in the development of our strategic vision of the future."
Aetna Inc., is a diversified health care benefits company, which had revenue of approximately $34.8 billion in 2009.
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Aetna Chairman Ronald A. Williams to Retire
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