Joseph Zubretsky: Difference between revisions
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| ⚫ | '''Joseph Zubretsky''' is a businessman and health insurance expert who is currently serving as the CEO of [[Molina Healthcare]]. In the past he has served in leadership positions within [[Aetna]] and [[Hanover Insurance]].<ref>{{Cite web |last=Morse |first=Susan |date=2017-10-11 |title=Molina hires new CEO to replace fired J. Mario Molina |url=https://www.healthcarefinancenews.com/news/molina-hires-new-ceo-replace-fired-j-mario-molina |url-status=live |archive-url=https://web.archive.org/web/20210614025801/https://www.healthcarefinancenews.com/news/molina-hires-new-ceo-replace-fired-j-mario-molina |archive-date=2021-06-14 |access-date=2024-12-14 |website=Healthcare Finance News |language=en}}</ref> |
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| ⚫ | '''Joseph Zubretsky''' (born 1956 or 1957)<ref>{{Cite web |last=Armental |first=Maria |date=2017-10-10 |title=Molina Hires Joseph Zubretsky as New CEO |url=https://www.wsj.com/articles/molina-hires-joseph-zubretsky-as-new-ceo-1507676007 |access-date=2024-12-17 |website=[[Wall Street Journal]]}}</ref> is a businessman and health insurance expert who is currently serving as the CEO of [[Molina Healthcare]]. In the past he has served in leadership positions within [[Aetna]] and [[Hanover Insurance]].<ref name="Morse-2017">{{Cite web |last=Morse |first=Susan |date=2017-10-11 |title=Molina hires new CEO to replace fired J. Mario Molina |url=https://www.healthcarefinancenews.com/news/molina-hires-new-ceo-replace-fired-j-mario-molina |url-status=live |archive-url=https://web.archive.org/web/20210614025801/https://www.healthcarefinancenews.com/news/molina-hires-new-ceo-replace-fired-j-mario-molina |archive-date=2021-06-14 |access-date=2024-12-14 |website=Healthcare Finance News |language=en}}</ref> |
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== Career == |
== Career == |
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Zubretsky graduated from the [[Barney School of Business]] at the [[University of Hartford]].<ref>{{Cite book |last=Princeton Review (Firm) |url=https://books.google.com/books?id=lSEyDQAAQBAJ&dq=%22Joseph+Zubretsky%22&pg=PA466 |title=The Best 294 Business Schools |date=2016 |publisher=[[Penguin Random House]] |isbn=978-1-101-92041-1 |pages=466 |language=en}}</ref> He began his career as an insurance partner at [[Coopers & Lybrand]].<ref name="Modern Healthcare-2021">{{Cite web |date=2021-12-10 |title=2021 Most Influential in Healthcare Joseph Zubretsky |url=https://www.modernhealthcare.com/awards/2021-most-influential-healthcare-joseph-zubretsky |access-date=2024-12-17 |website=Modern Healthcare |language=en}}</ref> He went on to hold positions of "senior VP at [[Unum]], a partner in Brera Capital Partners, and an executive VP of business development at [[MassMutual]] Financial Group".<ref name="Modern Healthcare-2021" /> He has also held positions at GAB Robins,.<ref>{{Cite news |last=Treaster |first=Joseph B. |date=2001-07-14 |title=World Business Briefing Asia: China: Insurance Office |url=https://go.gale.com/ps/i.do?id=GALE%7CA76525844&sid=googleScholar&v=2.1&it=r&linkaccess=abs&issn=03624331&p=AONE&sw=w&userGroupName=mlin_oweb&isGeoAuthType=true&aty=geo |work=[[The New York Times]]}}</ref> |
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Zubretsky worked at Aetna for nine years, serving for part of that time as "CEO of Aetna’s Healthagen Holdings subsidiary".<ref name="Morse-2017" /><ref name="Modern Healthcare-2021" /> While at Aetna, Zubretsky increased telecommuting for employees as a way to save on office and real estate costs.<ref>{{Cite book |last=Piscione |first=Deborah Perry |url=https://books.google.com/books?id=NcrrAwAAQBAJ&dq=%22Joseph+Zubretsky%22&pg=PA153 |title=The Risk Factor: Why Every Organization Needs Big Bets, Bold Characters, and the Occasional Spectacular Failure |date=2014-12-23 |publisher=[[St. Martin's Publishing Group]] |isbn=978-1-137-47466-7 |pages=153 |language=en}}</ref> |
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Zubretsky served as both the president and chief executive officer of [[Hanover Insurance]] from June 2016 until October 2017, where he oversaw an overhaul of Hanover's organizational structure that merged "the company's small commercial, middle market and personal lines business into one division called Hanover Agency Markets", resulting in at least 160 cut jobs.<ref>{{Cite web |last=Kane |first=Brad |date=2017-10-10 |title=Zubretsky out as Hanover CEO |url=https://www.wbjournal.com/article/zubretsky-out-as-hanover-ceo |access-date=2024-12-17 |website=Worcester Business Journal |language=en-US}}</ref> |
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| ⚫ | In 2021, Zubretsky was paid $17,812,327 as CEO of Molina Healthcare.<ref>{{Cite web |last=Googins |first=Nick Fuller |date=2022-08-17 |title=Profits and Losses |url=https://www.menshealth.com/health/a40810395/wife-kidney-failure-health-insurance/ |url-status=live |archive-url=https://web.archive.org/web/20240229001714/https://www.menshealth.com/health/a40810395/wife-kidney-failure-health-insurance/ |archive-date=2024-02-29 |access-date=2024-12-14 |website=[[Men's Health]] |language=en-US}}</ref> In 2022, Zubretsky's total compensation from Molina Healthcare was $180.8 million.<ref>{{Cite web |last=Potter |first=Wendell |date=2023-06-20 |title=The System Makes Patients Sick And CEOs Rich |url=https://www.levernews.com/the-system-makes-patients-sick-and-ceos-rich/ |url-status=live |archive-url=https://web.archive.org/web/20240420132037/https://www.levernews.com/the-system-makes-patients-sick-and-ceos-rich/ |archive-date=2024-04-20 |access-date=2024-12-15 |website=The Lever |language=en}}</ref><ref>{{Cite web |last=Herman |first=Bob |date=2023-04-27 |title=Health insurance CEOs set another record for pay in 2022 |url=https://www.statnews.com/2023/04/27/health-insurance-ceo-pay/ |url-access=subscription |url-status=live |archive-url=https://web.archive.org/web/20240527134843/https://www.statnews.com/2023/04/27/health-insurance-ceo-pay/ |archive-date=2024-05-27 |access-date=2024-12-15 |website=[[Stat (website)|STAT]] |language=en-US}}</ref> In 2023, Zubretsky's total compensation was $21,491,723.<ref>{{Cite web |last=Olsen |first=Emily |date=2024-08-21 |title=Molina extends CEO Joe |
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| ⚫ | He resigned from Hanover in October 2017, when he became chief executive and president of Molina Healthcare.<ref>{{Cite news |date=10 October 2017 |title=Molina Healthcare appoints Joseph Zubretsky chief executive |url=https://www.reuters.com/article/business/molina-healthcare-appoints-joseph-zubretsky-chief-executive-idUSL4N1ML5BK/ |access-date=14 December 2024 |work=[[Reuters]]}}</ref> In 2024, Molina Healthcare announced that Zubretsky's tenure as CEO had been secured and that he would serve until 2027, and that Zubretsky had been "awarded a special one-time stock grant".<ref>{{Cite news |date=2024-08-20 |title=Molina Healthcare Signs CEO Joe Zubretsky to New Employment Agreement |url=https://www.businesswire.com/news/home/20240820987226/en/Molina-Healthcare-Signs-CEO-Joe-Zubretsky-to-New-Employment-Agreement |url-status=live |archive-url=https://web.archive.org/web/20240921080739/https://www.businesswire.com/news/home/20240820987226/en/Molina-Healthcare-Signs-CEO-Joe-Zubretsky-to-New-Employment-Agreement |archive-date=2024-09-21 |access-date=2024-12-14 |work=[[Business Wire]] }}</ref><ref>{{Cite web |date=2024-08-20 |title=Molina extends CEO Joseph Zubretsky through 2027 |url=https://www.modernhealthcare.com/people/molina-healthcare-joe-zubretsky-contract-2027 |access-date=2024-12-17 |website=Modern Healthcare |language=en}}</ref> |
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In 2021, [[Modern Healthcare]] rated Zubretsky 67th in its list of the 100 Most Influential in Healthcare.<ref name="Modern Healthcare-2021" /> |
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| ⚫ | In 2021, Zubretsky was paid $17,812,327 as CEO of Molina Healthcare.<ref>{{Cite web |last=Googins |first=Nick Fuller |date=2022-08-17 |title=Profits and Losses |url=https://www.menshealth.com/health/a40810395/wife-kidney-failure-health-insurance/ |url-status=live |archive-url=https://web.archive.org/web/20240229001714/https://www.menshealth.com/health/a40810395/wife-kidney-failure-health-insurance/ |archive-date=2024-02-29 |access-date=2024-12-14 |website=[[Men's Health]] |language=en-US}}</ref> In 2022, Zubretsky's total compensation from Molina Healthcare was $180.8 million.<ref>{{Cite web |last=Potter |first=Wendell |date=2023-06-20 |title=The System Makes Patients Sick And CEOs Rich |url=https://www.levernews.com/the-system-makes-patients-sick-and-ceos-rich/ |url-status=live |archive-url=https://web.archive.org/web/20240420132037/https://www.levernews.com/the-system-makes-patients-sick-and-ceos-rich/ |archive-date=2024-04-20 |access-date=2024-12-15 |website=The Lever |language=en}}</ref><ref>{{Cite web |last=Herman |first=Bob |date=2023-04-27 |title=Health insurance CEOs set another record for pay in 2022 |url=https://www.statnews.com/2023/04/27/health-insurance-ceo-pay/ |url-access=subscription |url-status=live |archive-url=https://web.archive.org/web/20240527134843/https://www.statnews.com/2023/04/27/health-insurance-ceo-pay/ |archive-date=2024-05-27 |access-date=2024-12-15 |website=[[Stat (website)|STAT]] |language=en-US}}</ref> In 2023, Zubretsky's total compensation was $21,491,723.<ref>{{Cite web |last=Olsen |first=Emily |date=2024-08-21 |title=Molina extends CEO Joe Zubretsky's contract through 2027 |url=https://www.healthcaredive.com/news/molina-healthcare-joe-zubretsky-ceo-contract-2027/724790/ |url-status=live |archive-url=https://web.archive.org/web/20240821220543/https://www.healthcaredive.com/news/molina-healthcare-joe-zubretsky-ceo-contract-2027/724790/ |archive-date=2024-08-21 |access-date=2024-12-15 |website=Healthcare Dive |language=en-US}}</ref> |
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[[Category:Living people]] |
[[Category:Living people]] |
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[[Category:1950s births]] |
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[[Category:21st-century American businesspeople]] |
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[[Category:American chief executives]] |
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[[Category:University of Hartford alumni]] |
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[[Category:American health care chief executives]] |
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Latest revision as of 13:54, 19 December 2024
An editor has nominated this article for deletion. You are welcome to participate in the deletion discussion, which will decide whether or not to retain it. |
Joseph Zubretsky (born 1956 or 1957)[1] is a businessman and health insurance expert who is currently serving as the CEO of Molina Healthcare. In the past he has served in leadership positions within Aetna and Hanover Insurance.[2]
Career
[edit]Zubretsky graduated from the Barney School of Business at the University of Hartford.[3] He began his career as an insurance partner at Coopers & Lybrand.[4] He went on to hold positions of "senior VP at Unum, a partner in Brera Capital Partners, and an executive VP of business development at MassMutual Financial Group".[4] He has also held positions at GAB Robins,.[5]
Zubretsky worked at Aetna for nine years, serving for part of that time as "CEO of Aetna’s Healthagen Holdings subsidiary".[2][4] While at Aetna, Zubretsky increased telecommuting for employees as a way to save on office and real estate costs.[6]
Zubretsky served as both the president and chief executive officer of Hanover Insurance from June 2016 until October 2017, where he oversaw an overhaul of Hanover's organizational structure that merged "the company's small commercial, middle market and personal lines business into one division called Hanover Agency Markets", resulting in at least 160 cut jobs.[7]
He resigned from Hanover in October 2017, when he became chief executive and president of Molina Healthcare.[8] In 2024, Molina Healthcare announced that Zubretsky's tenure as CEO had been secured and that he would serve until 2027, and that Zubretsky had been "awarded a special one-time stock grant".[9][10]
In 2021, Modern Healthcare rated Zubretsky 67th in its list of the 100 Most Influential in Healthcare.[4]
In 2021, Zubretsky was paid $17,812,327 as CEO of Molina Healthcare.[11] In 2022, Zubretsky's total compensation from Molina Healthcare was $180.8 million.[12][13] In 2023, Zubretsky's total compensation was $21,491,723.[14]
References
[edit]- ^ Armental, Maria (2017-10-10). "Molina Hires Joseph Zubretsky as New CEO". Wall Street Journal. Retrieved 2024-12-17.
- ^ a b Morse, Susan (2017-10-11). "Molina hires new CEO to replace fired J. Mario Molina". Healthcare Finance News. Archived from the original on 2021-06-14. Retrieved 2024-12-14.
- ^ Princeton Review (Firm) (2016). The Best 294 Business Schools. Penguin Random House. p. 466. ISBN 978-1-101-92041-1.
- ^ a b c d "2021 Most Influential in Healthcare Joseph Zubretsky". Modern Healthcare. 2021-12-10. Retrieved 2024-12-17.
- ^ Treaster, Joseph B. (2001-07-14). "World Business Briefing Asia: China: Insurance Office". The New York Times.
- ^ Piscione, Deborah Perry (2014-12-23). The Risk Factor: Why Every Organization Needs Big Bets, Bold Characters, and the Occasional Spectacular Failure. St. Martin's Publishing Group. p. 153. ISBN 978-1-137-47466-7.
- ^ Kane, Brad (2017-10-10). "Zubretsky out as Hanover CEO". Worcester Business Journal. Retrieved 2024-12-17.
- ^ "Molina Healthcare appoints Joseph Zubretsky chief executive". Reuters. 10 October 2017. Retrieved 14 December 2024.
- ^ "Molina Healthcare Signs CEO Joe Zubretsky to New Employment Agreement". Business Wire. 2024-08-20. Archived from the original on 2024-09-21. Retrieved 2024-12-14.
- ^ "Molina extends CEO Joseph Zubretsky through 2027". Modern Healthcare. 2024-08-20. Retrieved 2024-12-17.
- ^ Googins, Nick Fuller (2022-08-17). "Profits and Losses". Men's Health. Archived from the original on 2024-02-29. Retrieved 2024-12-14.
- ^ Potter, Wendell (2023-06-20). "The System Makes Patients Sick And CEOs Rich". The Lever. Archived from the original on 2024-04-20. Retrieved 2024-12-15.
- ^ Herman, Bob (2023-04-27). "Health insurance CEOs set another record for pay in 2022". STAT. Archived from the original on 2024-05-27. Retrieved 2024-12-15.
- ^ Olsen, Emily (2024-08-21). "Molina extends CEO Joe Zubretsky's contract through 2027". Healthcare Dive. Archived from the original on 2024-08-21. Retrieved 2024-12-15.