Insurer Health Net shifts management after weak profit report
Friday, November 7, 2008 - 15:21
in Mathematics & Economics
COO James Woys takes on responsibility for all operational matters, and CEO Jay Gellert is removed from daily operations to focus on strategy. Woodland Hills-based insurer Health Net Inc. announced a management realignment Tuesday amid weak profit and a downward revision of its earnings projections for 2008 that sent shares sliding.