Health Carrier To Assess Strategic Direction

James Woys, the chief operating officer, will assume responsibility for all operational and administrative company matters, according to the Health Net board.

Jay Gellert, the president and chief executive, will “focus his efforts on the company’s strategy,” the board says.

“Health Net’s board is very concerned about the company’s recent financial performance,” Health Net Chairman Roger Greaves says in a statement. “We believe that by refocusing management resources, we can address our challenges with greater intensity…. In light of the economic uncertainty surrounding our industry and the likelihood of public policy changes, we have directed Jay to focus all of his attention and considerable expertise on the company’s strategic direction.”