FARGO - Blue Cross Blue Shield North Dakota has fired their top official.
The insurance giant fired President and Chief Executive Officer Paul von Ebers, the company announced in a statement Monday afternoon. Von Ebers had held the position since 2009. His dismissal is effective immediately.
The move comes less than a week after the company announced a dismal financial year: The Blues lost nearly $73 million in 2013, according to records submitted to the North Dakota Insurance Department. Of that, $51 million was attributed to subsidiary Noridian Healthcare Solutions, which sustained heavy losses from a contract to build the bungled Maryland health care exchange.
“The board felt it was necessary to make a change at the CEO position in order to ensure confidence in the future financial direction of our organization,” Ann McConn, president of the company’s board of directors, said in a statement.
Von Ebers came to the company in 2009 after more than 20 years with Blue Cross Blue Shield divisions in Iowa and South Dakota.
The company’s chief operating officer, Tim Huckle, will step up to serve as interim president and chief executive officer.