Kristi Ann Matus to Head Aetna’s Government Services Organization
February 20 2012 - 4:15PM
Business Wire
Aetna (NYSE: AET) today announced the hiring of Kristi Ann Matus
as executive vice president and head of Aetna Government Services,
a newly-formed business unit comprised of Aetna’s Medicare,
Medicaid, Public & Labor and Federal Employee Health Benefit
Plan businesses. Matus joins Aetna from USAA, where she was
executive vice president and chief financial officer. Matus will
report to Mark T. Bertolini, Aetna chairman, CEO and president, and
will serve on the company’s Executive Committee.
“Kristi is a strong and accomplished leader with deep experience
in operations and finance who rose to the top of USAA, an
organization we deeply admire for its world-class customer service
and marketing savvy,” said Bertolini. “Our new government unit is
comprised of businesses that represent significant growth
opportunities for Aetna as the population ages and state and local
governments seek solutions to growing health care liabilities. We
are pleased to recruit Kristi to lead these businesses and serve on
our Executive Committee.”
Prior to joining Aetna, Matus held a variety of senior
leadership roles at USAA, including president of USAA Life
Insurance and Investment Company and vice president of Life
Solutions for the USAA Life Insurance Company. Before joining USAA,
Matus was EVP and chief operating officer of Thrivent Financial
Bank in Appleton, Wisconsin.
Matus said, “I am excited to join Aetna at this point in its
history, and I am proud to be part of an organization that is
helping to shape the future of health care in our country. Aetna is
uniquely positioned to partner with governments at all levels to
develop solutions that help them get the most value for their
health care spend and address their health care liabilities.
Aetna’s ability to help consumers be more engaged in their own
health and wellness, combined with its positive, values-based
culture, provides a competitive advantage in the Government
marketplace.”
Bertolini said that Patricia A. Farrell, who has headed Aetna’s
National Accounts, Government and Specialty Products group, will
retire from Aetna after 23 years of distinguished service. “Pat has
been an exemplary leader at Aetna and has made significant
contributions to our success in many areas of the enterprise. We
wish her well in her future endeavors.”
In addition to creating the Government Services unit, Aetna will
consolidate its commercial insurance businesses under Executive
Vice President Frank G. McCauley. The Commercial Businesses unit
will include Aetna’s National Accounts in addition to its Middle
Markets, Small Group/Individual, Voluntary/Direct to Consumer, and
Prodigy businesses.
“Frank is a focused, driven leader who has a proven ability to
deliver profitable growth in the businesses he runs,” said
Bertolini. “Our National Accounts business is regaining momentum in
the marketplace as our value proposition is resonating with large
employers seeking quality and total cost solutions. We believe
bringing our large, medium and small employer groups under Frank’s
leadership will enhance our ability to grow our core commercial
insured business.”
About Aetna
Aetna is one of the nation's leading diversified health care
benefits companies, serving approximately 36.4 million people with
information and resources to help them make better informed
decisions about their health care. Aetna offers a broad range of
traditional, voluntary and consumer-directed health insurance
products and related services, including medical, pharmacy, dental,
behavioral health, group life and disability plans, and medical
management capabilities and health care management services for
Medicaid plans. Our customers include employer groups, individuals,
college students, part-time and hourly workers, health plans,
health care providers, governmental units, government-sponsored
plans, labor groups and expatriates. For more information, see
www.aetna.com.
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