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Independence Blue Cross Chief Operating Officer to Retire in July 2010
Date:10/29/2009

ave profit-and-loss responsibility for IBC's five-county core business.

On January 1, I. Steven Udvarhelyi, M.D., who has served for 13 years as IBC's senior vice president and chief medical officer, will become IBC's executive vice president for health services, reporting to Frick. He will lead health services, pharmacy, operations, information technology, and customer service.

"We are deeply grateful to Chris Butler for his extraordinary leadership for the last 18 years, building our membership, developing innovative health plans to serve the changing needs of our customers, and introducing new capabilities like informatics," said Frick. "While it is always hard to lose an accomplished leader and close friend like Chris, we are pleased with this planned, orderly transition and I am looking forward to the opportunity to work more closely with both Dan Hilferty and Steve Udvarhelyi whose judgment, commitment, and vision I admire."

Butler joined IBC in 1991 as senior vice president of marketing for Keystone Health Plan East, a subsidiary of IBC that manages its HMO plan. In 1995, he became the chief marketing officer for IBC and its subsidiaries, including the Keystone HMO and the AmeriHealth Companies. He became chief operating officer and executive vice president in 2005. Before joining IBC, Butler served in several different leadership roles at Blue plans in Ohio and New Jersey.

In addition, Michael Rashid, who is currently the executive vice president of AmeriHealth Mercy, will become its president and CEO on January 1, succeeding Hilferty. Rashid, who has been with AmeriHealth Mercy for 14 years, previously served senior executive roles at Medicaid organizations in New Jersey, Maryland, and the mid-Atlantic region, including president and chief executive officer of Mercy Health Plan of New Jersey (now Horizon NJ Health) and director of Medicaid Operations for Prudential Health Plan's Atlantic region.


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SOURCE Independence Blue Cross
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