Rancho Cordova-based VSP Global announced Tuesday that health plan industry veteran Michael Guyette has been named president and CEO of the local company.
Guyette leaves his posts as president and CEO of Blue Cross and Blue Shield of Minnesota to come to VSP. He has more than 20 years of management experience in the industry.
Guyette, 53, takes over for longtime VSP chief Rob Lynch, who has served as interim president and CEO since April 2017, when the company announced that Jim McGrann had resigned the top executive jobs to “pursue other career opportunities.”
Prior to that, Lynch had led the company since 2006. Lynch will remain on the board of directors.
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In his Minnesota posts, Guyette oversaw strategy and operations of that state’s largest health plan, serving 2.9 million members.
Prior to coming to Minnesota in 2012, Guyette held management positions at Aetna, Blue Cross and Blue Shield of Florida and Independence Blue Cross. He also served as chairman of Prime Therapeutics, a pharmacy benefit manager owned by several Blue Cross and Blue Shield plans.
“The board of directors is extremely confident in Michael Guyette’s ability to lead VSP Global successfully into the future through a time of unprecedented competition and change,” Daniel Mannen, VSP Global’s board chairman, said in a statement. “We have a clear strategy and direction in place, and Michael’s extensive knowledge of the health care industry, coupled with his proven success with a nonprofit model, provides the experience necessary to build on and accelerate our momentum.”
Founded in 1955, VSP Global employs nearly 6,000 worldwide and has five business lines: VSP Vision Care, Marchon Eyewear, VSP Optics Group, Eyefinity and VSP Retail.
VSP Vision Care alone provides eye care for 85 million members internationally through a network of 38,000 eye doctors.