Becker's Healthcare January 8, 2025
Blue Shield of California has launched a new corporate structure and named a new CEO.
The nonprofit insurer created a new parent company, Ascendiun, to oversee its health plan and other companies, according to a Jan. 8 news release from Blue Shield of California.
Here are five things to know about the changes in the company’s leadership:
- Lois Quam, who joined Blue Shield of California as president in 2024, will become CEO of the health plan, which has more than 6 million members.
- Paul Markovich, who has served as CEO of Blue Shield of California for more than a decade, will be president of Ascendiun.
- The new parent organization will oversee Blue Shield of California’s health...
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