The CEO of Amazon, JPMorgan and Berkshire Hathaway's joint healthcare venture has been selected and will be announced in two weeks – here are some candidates who might fit the bill
We’re about to learn who will be leading the healthcare ventures set up by Amazon, JPMorgan, and Berkshire Hathaway.
Back in January, Berkshire Hathaway’s Warren Buffett, Amazon’s Jeff Bezos and JPMorgan’s Jamie Dimon announced a joint, non-profit healthcare venture they will be pursuing aimed at improving satisfaction and reducing costs for their U.S. employees. The announcement caused healthcare stocks to plummet.
At that point, very few details were released about what the tie-up would look like. But Buffett and Dimon told CNBC last week that they’d announce the new CEO within the next two weeks.
In the meantime, speculation has been brewing about who might be the person to step into the role. According to a report by Bernstein analyst Lance Wilkes, the key attributes for the potential CEO should include the following:
- Visionary and disruptive
- Experience with business, clinical and policy sides of healthcare
- Someone not too old, as they’re going to be leading the effort for five to 10 years
- Preferably from a non-profit or private company
Based on public data and analysis, here are some of the candidates Bernstein thought would fit the role.
Gary Loveman was the head of Aetna’s consumer businesses from October 2015 to February 2018 and was also CEO of Caesars Entertainment Resort Properties. He has over 15 years of experience in service management.
Rick Jelinek has been a strategy and integration leader at Aetna since November 2015. Prior to that, he was CEO at UnitedHealth Group.
As part of the merger between CVS Health and Aetna, CVS said in June that Jelinek will serve as CVS Health’s executive vice president.
Matt Manders has had a 30-year career at Cigna HealthSpring and served as president of regional and operations. He retired from the company in late 2017.
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