The insurance giant’s board of directors announced the firing after a meeting this morning, in a statement that said his termination was “for cause.”
“The board has reviewed this situation thoroughly and has taken decisive action to address the matter,” said board chairman and acting CEO J. Robert Baum.
“For 75 years, Highmark has served this community with integrity and is committed to maintaining the highest standards. We have dedicated, hard-working employees and I know they take great pride in working for Highmark. Our mission of providing quality, affordable health care has never been more important, and I’m looking forward to working with our employees and senior management team in addressing the many challenges and opportunities that lie ahead,” he said.