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TAMPA — The board of directors for WellCare Health Plans Inc. promoted the company's president and chief operating officer, Kenneth Burdick to CEO, effective Jan. 1. He will replace David Gallitano, who has served as interim CEO since November 2013. Burdick is also now a member of WellCare's board.
Gallitano will remain as WellCare's non-executive chairman of the board.
“Ken demonstrates the kind of leadership that the board believes is necessary to lead WellCare into the future,” Gallitano says in a press release. “Over the past year, Ken has been instrumental in developing our strategy, building the infrastructure we need for the future and transforming our company's culture. Further, his extensive health care background will enable him to continue to effectively implement the company's long-term plans.”
Burdick joined WellCare (symbol: WCG; recent price: $75.03) in January as president of national health plans, and was promoted to president and chief operating officer in June. Prior to joining the company, he was CEO of Blue Cross and Blue Shield of Minnesota. From 2010 to 2012, Burdick was with Coventry Health Care as CEO of the Medicaid Division and also served as CEO of MHNet, Coventry's behavioral health subsidiary. Prior to that, Burdick spent 14 years as an executive with UnitedHealth Group in variety of positions, including CEO of UnitedHealthcare Group's $26 billion commercial business and CEO of UnitedHealthcare's Medicare business.
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