Amazon, Berkshire Hathaway & JPMorgan Chase appoint Dr. Atul Gawande as Chief Executive Officer of their newly-formed company...
June 20 2018 - 9:25AM
Business Wire
The new company to operate independently and be
based in Boston
Amazon (NASDAQ:AMZN), Berkshire Hathaway (NYSE:BRK.A, BRK.B) and
JPMorgan Chase (NYSE: JPM) announced today the next step in their
partnership on U.S. employee healthcare with the appointment of Dr.
Atul Gawande as its Chief Executive Officer, effective July 9. The
new company will be headquartered in Boston and will operate as an
independent entity that is free from profit-making incentives and
constraints.
Atul is a globally-renowned surgeon, writer and public health
innovator. He practices general and endocrine surgery at Brigham
and Women’s Hospital and is Professor at the Harvard T.H. Chan
School of Public Health and Harvard Medical School. He is founding
executive director of the health systems innovation center, Ariadne
Labs. He also is a staff writer for The New Yorker magazine, has
written four New York Times bestsellers: Complications, Better, The
Checklist Manifesto, and Being Mortal, and has received numerous
awards for his contributions to science and healthcare.
“I’m thrilled to be named CEO of this healthcare initiative,”
said Atul, “I have devoted my public health career to building
scalable solutions for better healthcare delivery that are saving
lives, reducing suffering, and eliminating wasteful spending both
in the US and across the world. Now I have the backing of these
remarkable organizations to pursue this mission with even greater
impact for more than a million people, and in doing so incubate
better models of care for all. This work will take time but must be
done. The system is broken, and better is possible.”
“As employers and as leaders, addressing healthcare is one of
the most important things we can do for our employees and their
families, as well as for the communities where we all work and
live. Together, we have the talent and resources to make things
better, and it is our responsibility to do so. We’re so grateful
for the countless statements of support and offers to help and
participate, and we’re so fortunate to have attracted such an
extraordinary leader and innovator as Atul,” said Jamie Dimon,
Chairman and CEO of JPMorgan Chase.
“We said at the outset that the degree of difficulty is high and
success is going to require an expert’s knowledge, a beginner’s
mind, and a long-term orientation,” said Jeff Bezos, founder and
CEO of Amazon. “Atul embodies all three, and we’re starting strong
as we move forward in this challenging and worthwhile
endeavor.”
“Talent and dedication were manifest among the many
professionals we interviewed. All felt that better care can be
delivered and that rising costs can be checked. Jamie, Jeff and I
are confident that we have found in Atul the leader who will get
this important job done,” said Berkshire Hathaway Chairman and CEO,
Warren Buffett.
About Amazon
Amazon is guided by four principles: customer obsession
rather than competitor focus, passion for invention, commitment to
operational excellence, and long-term thinking. Customer reviews,
1-Click shopping, personalized recommendations, Prime Fulfillment
by Amazon, AWS, Kindle Direct Publishing, Kindle, Fire
tablets, Fire TV, Amazon Echo, and Alexa are some of the products
and services pioneered by Amazon. For more information,
visit www.amazon.com/about and
follow @AmazonNews.
About Berkshire
Berkshire Hathaway and its subsidiaries engage in diverse
business activities including insurance and reinsurance, utilities
and energy, freight rail transportation, finance, manufacturing,
retailing and services. Common stock of the company is listed on
the New York Stock Exchange, trading symbols BRK.A and BRK.B.
About JPMorgan Chase
JPMorgan Chase (NYSE:JPM) is a leading global financial services
firm with assets of $2.6 trillion and operations worldwide. The
Firm is a leader in investment banking, financial services for
consumers and small businesses, commercial banking, financial
transaction processing, and asset management. A component of the
Dow Jones Industrial Average, JPMorgan Chase serves millions of
customers in the United States and many of the world's most
prominent corporate, institutional and government clients under its
J.P. Morgan and Chase brands. Information about JPMorgan Chase is
available at www.jpmorganchase.com.
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