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February 14, 2008
Blue Cross chief Montanaro to step down
Blue Cross & Blue Shield of Rhode Island announced this evening that Frank J. Montanaro will resign as board chairman when his term ends April 30.
Blue Cross & Blue Shield said that will give the Board of Directors "ample time to elect his replacement," the state's dominant health insurer said in a news release shortly after 6 p.m.
"My decision comes after a great deal of reflection," said Montanaro in the statement. "Having been on the board for many years, it¹s my belief that BCBSRI has never been in better hands. I ask the remaining board members to continue the tradition of keeping BCBSRI an organization that takes the very best care of its members and the citizens of the state."
Montanaro has been a board member since 1991. Before being elected chairman in 2004, he served as secretary of the corporation from 2002 to 2004.
Montanaro is also the president of the state's unit of the AFL-CIO union, and a Democratic National Committeeman.
James E. Purcell, president and CEO, said of Montanaro: "He always has fought for the people of Rhode Island and their families. Thus, his legacy is not just the bottom line. It's the human touch. I am so proud to have had Frank serve as chairman of the board."
The new Blue Cross chairman would be in place when Montanaro¹s term ends, Blue Cross & Blue Shield said.
-- projo.com staff writer Michael P. McKinney
Posted by Mike McKinney
at 6:23 PM | Permalink
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James E. Purcell, president and CEO, said of Montanaro: "He always has fought for the people of Rhode Island and their families. Thus, his legacy is not just the bottom line. It's the human touch. I am so proud to have had Frank serve as chairman of the board."
This may set a world record in the sickening suck up department...