News Briefs: Blue Shield Parts Ways With Newly Appointed CEO
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Mar 14, 2025
Just two months after becoming Blue Shield of California’s first female CEO, Lois Quam has stepped down from the insurer’s top role. Blue Shield said on March 11 that its board of directors appointed Mike Stuart, the current chief financial officer, as interim president and CEO while the board searches for Quam’s successor. The insurer offered no reason for Quam’s departure. Quam came to Blue Shield from Pathfinder, a nonprofit global health organization serving women and girls, where she served as CEO. When it named Quam as its new CEO in January, Blue Shield also unveiled a corporate restructuring. Under that restructuring, a new, nonprofit corporate entity named Ascendiun now houses Blue Shield of California and its subsidiary, Blue Shield of California Promise Health Plan; Altais, a clinical services firm; and Stellarus, a company designed to scale health care solutions.
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