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Blue Cross CEO Gone After Investigation into Business Disclosures

Blue Cross Blue Shield of Minnesota's president and CEO, Kenneth Burdick, was hired in January to lead the organization.

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Six months after he was , Kenneth Burdick has left the organization after an investigation into whether he failed to disclose "anticipated business activities."

Burdick's departure was effective immediately, Blue Cross' board of trustees announced in a press release issued on Thursday. He was hired in January and joined the organization in mid-February, following the departure of Blue Cross' former CEO, Patrick Geraghty.

An internal investigation concluded there had been no financial impropriety or unlawful actions, according to the press release, but Burdick's failure to disclose his business activities "was not in alignment with Blue Cross policies and management expectations," the release noted.

"In addition, the board concluded that the organization required a different style of leadership to lead the organization to a new level of success in a rapidly changing and increasingly more complicated health care business environment,"

Current Senior Vice President and Chief Legal Officer Scott Lynch will serve as the interim CEO of Blue Cross while the organization searches for a replacement. That search may take 60-90 days, according to the press release.

Blue Cross Blue Shield Minnesota, which is based in Eagan, serves approximately 2.7 million members and is the largest health plan in Minnesota. Blue Cross and Blue Shield of Minnesota is an independent licensee of the Blue Cross and Blue Shield Association, headquartered in Chicago.

Deb M July 19, 2012 at 06:39 PM
Can't help but wonder how many million he got in a severance deal.
Roger August 07, 2012 at 08:36 PM
Best guess somewhere between 3.0 - 6.3 million. Not bad for 6 months of work.
Deb M August 08, 2012 at 04:22 AM
Yes Roger, I am pretty sure I could manage to eek out a marginal living on that!

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