CHICAGO, June 6, 2016 /PRNewswire/ -- Health Care Service Corporation (HCSC) today announced that it has named Eric Feldstein as senior vice president and chief financial officer and Blair Todt as senior vice president and chief legal officer. Feldstein and Todt will report to HCSC President and Chief Executive Officer Paula Steiner.
"Both Eric and Blair are well accomplished and respected in their fields and will further strengthen our leadership team with their depth of experience, strategic perspectives and collaborative approach to the important work we do," said Steiner. "As the largest customer-owned health insurer, HCSC remains committed to expanding access to health insurance across our five states, and adapting and positioning our company for long-term success to better serve our members."
As SVP, CFO, Feldstein is responsible for HCSC's accounting, financial planning, treasury, tax and procurement activities. He also oversees the company's actuarial group and decision-making processes related to underwriting and product pricing. Feldstein joined HCSC in May 2016 after serving as executive vice president of American Express Company's Enterprise Growth Group. He also held senior operating and finance positions at other Fortune 100 companies, including vice president of finance and treasurer at General Motors Corporation, CFO and CEO of GMAC Financial Services, and chairman of GMAC Insurance. Feldstein holds an MBA from Harvard Business School and a Bachelor of Arts in economics from Columbia University.
Feldstein will succeed Ken Avner, SVP and chief financial officer, who announced his retirement earlier this year. "On behalf of our members, I'd like to thank Ken for his more than 30 years of dedicated service," said Steiner. Avner was an early architect of HMO Illinois — still one of the largest HMOs in the country. More recently, he helped guide HCSC through several consolidations and has been instrumental in driving HCSC's diversification strategy. Avner will continue to report to Steiner as a special advisor for a period to assist with the transition.
In the coming weeks, Todt will join HCSC, leading HCSC's legal affairs team. As SVP, CLO, Todt will oversee management of HCSC's legal division and will provide legal advice and consultation on legal matters affecting the company. Todt will join HCSC on July 1 from WellCare Health Plans, where he has held several senior management positions since 2010, most recently serving as senior vice president, chief legal and administrative officer and secretary. Todt's experience includes serving as senior vice president, general counsel and corporate secretary for Medcath, Inc., deputy general counsel for BearingPoint and a partner in Carter Conboy Case Blackmore Maloney and Laird. He holds a Juris Doctor from Brooklyn Law School and a Bachelor of Arts in political communication from The George Washington University.
About Health Care Service Corporation
Health Care Service Corporation is the country's largest customer-owned health insurer and fourth largest health insurer overall, with more than 15 million members in its Blue Cross and Blue Shield plans in Illinois, Montana, New Mexico, Oklahoma and Texas. A Mutual Legal Reserve Company, HCSC is an independent licensee of the Blue Cross and Blue Shield Association. For more information, please visit HCSC.com, visit our Facebook page or follow us at www.twitter.com/HCSC.
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SOURCE Health Care Service Corporation