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Most of the attention on Hartford insurer Aetna this year has been on the company’s recently announced layoffs.
But on Sept. 1, the CVS Health-owned company also got a new leader. That’s when Brian Kane took over as Aetna’s president. He is also executive vice president of CVS Health.
He replaced Daniel Finke, who stepped down for health reasons, according to CVS. Kane reports to CVS Health President and CEO Karen S. Lynch, who formerly led Aetna.
Kane leads a health insurance giant that provides benefits and coverage to employers, individuals and government entities, serving nearly 35 million people. Before leading Aetna, he acted as a strategic consultant to several private equity firms focused on healthcare services.
He also spent 17 years at Goldman Sachs in the investment banking division.
Kane started his new job just a few weeks before it became public that Aetna will lay off more than 300 employees in Connecticut as part of a broader cost-cutting effort.
The job cuts, which will begin on Oct. 21, will largely impact corporate staff, CVS said. The retail pharmacy chain said it’s reducing costs as it sharpens its focus on healthcare services.
CVS, which has its corporate headquarters in Woonsocket, Rhode Island, purchased Aetna in November 2018 in a deal valued at $69 billion.
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