Zubretsky Joseph (Joseph Zubretsky)

Zubretsky Joseph (Joseph Zubretsky)

2017: Appointment of Molina Healthcare as the head

In October, 2017 the Molina Healthcare company rendering medical services within state programs of health care appointed Joseph Zubretsky the new head within restructuring.

On November 6, 2017 Zubretsky will become the president and the CEO of Molina Healthcare, having replaced the chief financial officer Joseph White who temporarily fulfilled duties of the head of the company after leaving from a position of the CEO Mario Molina and from a post of the financial director John Molina — sons of the founder of the company. From the moment of these resignations announced in May, 2017 by October the share value of Molina Healthcare increased by 11.6%, the Reuters agency notes.

Joe is that CEO who is necessary to Molina during transformation — the chairman of the board of directors of the company Dale Wolf says (Dale B. Wolf), commenting on appointment of the new head. — It has an experience of the management in the different companies connected and not connected with medical services. Also it has first-hand experience in restructuring of other organizations.

Before arrival to Molina Healthcare Joseph Zubretsky headed Hanover Insurance Group insurance company, and held executive position in group even earlier, rendering medical IT services by request of insurance giant Aetna.

Replacement of the leadership happened in Molina Healthcare in the course of large-scale restructuring within which the company refused programs of available health insurance (Obamacare) in some American states and also is going to dismiss about 1500 people or 7% of the general state by the end of 2017.

On a position of the head of Molina Healthcare Joseph Zubretsky will get paid in $1.3 million a year. Joseph Whyte will return to a position of the chief financial officer.^[1]

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