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CFO, CMO and a senior VP exit Blue Cross Blue Shield

  • March 21, 2012 - 8:44 PM

Three high-level executives have left Blue Cross and Blue Shield of Minnesota less than five weeks after new CEO Kenneth Burdick officially took the helm.

The departing executives are Pamela Sedmak, chief financial officer; Dr. Gregory Gilmet, chief medical officer; and Kathleen Mock, senior vice president of marketing and public and health affairs. A spokesman for the Eagan-based insurer on Thursday offered no other information about the departures.

Blue Cross and Blue Shield is the state's largest health insurance company and largest nonprofit. In 2010, it covered about 2.7 million people and posted revenue of nearly $9.1 billion.

Burdick, a former manager at Minnetonka-based UnitedHealth Group Inc., was previously the senior vice president and CEO of Medicaid and behavioral health at Coventry Health Care, of Bethesda, Md. He was named CEO in January and took over on Feb. 16.

JACKIE CROSBY

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