"Oxford Names Yon Yoon Jorden Chief Financial Officer"
NORWALK, Conn., June 9 /PRNewswire/ -- Oxford Health Plans, Inc.
(Nasdaq: OXHP - news) today announced Yon Yoon Jorden executive vice
president and chief financial officer, effective June 22. Jorden, 43, brings more
than 18 years of experience in financing and restructuring to the position, as
well as an in-depth knowledge of the health care industry.
Ms. Jorden will report directly to Chief Executive Officer Dr. Norman C.
Payson and will have responsibilities for all aspects of Oxford's financial
operations including investor relations; actuarial and underwriting; treasury;
financial planning; tax; accounting; and risk management.
''Attracting a seasoned chief financial officer has been a top priority for Oxford
since I came on board and we are pleased to welcome an individual of Yon's
caliber -- her expertise in restructuring and financial operations, as well as her
knowledge of the inner workings of managed care, will be extremely valuable
to us.'' said Dr. Payson. ''This appointment complements a senior management
team that has been working diligently on getting Oxford back to business
basics and on strengthening capabilities in a variety of areas, including medical
management, operations and finance,'' Payson added.
Jorden joins Oxford from Aera Energy LLC, a joint venture of Shell Oil
Company and Mobil Corporation [NYSE:MOB - news] based in Bakersfield,
CA where she served as senior vice president and chief financial officer. Prior
to that, she spent more than six years at WellPoint Health Networks Inc. and
Blue Cross of California, where, as senior vice president and chief financial
officer, she played a major role in Blue Cross' move to for-profit status and in
the subsequent initial public offering of WellPoint Health Networks Inc., which
spun off from Blue Cross of California raising $520 million in equity capital as
the industry's largest IPO. Jorden also orchestrated the $3 billion
recapitalization of Blue Cross/WellPoint on a tax-free basis and managed
multiple M&A projects and related debt and equity activities. Before her
tenure at WellPoint, Jorden was vice president and controller of FHP
International Corporation, a health maintenance organization based in Fountain
Valley, California.
Oxford Health Plans, Inc. is based in Norwalk, Connecticut. Its product lines
include traditional health maintenance organizations, point-of-service plans,
third-party administration of employer funded benefit plans, Medicare and
Medicaid plans, and dental plans. Oxford markets its health plans to employers
in New York, New Jersey, Pennsylvania, Connecticut, Illinois, Florida and
New Hampshire through its direct sales force and through independent
insurance agents and brokers.
SOURCE: Oxford Health Plans, Inc. |
