Former Aetna CEO dies at 93

William Donaldson, who led Aetna for an influential 13 months, died June 12 at age 93. 

Mr. Donaldson was appointed CEO of Aetna in February 2000, according to a June 17 report from The New York Times. He was brought in to correct course after the company splurged on acquisitions, according to the Times. 

During his tenure, he brokered the divestiture of Aetna's financial services and international units for $7.7 billion, steering the company's focus toward healthcare, according to Bloomberg.

After leaving Aetna, Mr. Donaldson was chair of the Securities and Exchange Commission from 2003 to 2005, during which he pushed to strengthen the commission's watchdog role. Earlier in his career, Mr. Donaldson was the founding dean of Yale University's School of Organization and Management and the chair of the New York Stock Exchange. 

Mr. Donaldson died of leukemia, his son told the Times. 

Read more here.  

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Top 40 articles from the past 6 months