Aetna Inc. (NYSE:AET) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Sharon A. Virag has notified Aetna Inc. ("Aetna") that she intends to leave Aetna effective November 1, 2017. Ms. Virag will continue to serve as Aetna's Vice President, Controller and Chief Accounting Officer through October 31, 2017.
Heather Dixon has been appointed Vice President, Controller and Chief Accounting Officer of Aetna effective November 1, 2017. Ms. Dixon will report to Aetna’s Executive Vice President and Chief Financial Officer effective November 1, 2017.
Ms. Dixon, age 45, is a certified public accountant and joined Aetna as Vice President, Assistant Controller in August, 2016. Prior to joining Aetna, Ms. Dixon served as Vice President, Assistant Controller of PepsiCo, Inc., a global food and beverage company, a position she held since August, 2015. Prior to PepsiCo, Inc., she was with American Express Company, a multinational financial services company, where she held a number of positions of increasing responsibility from 2005 to 2015. Ms. Dixon started her financial career in public accounting, where she held various audit and transaction advisory roles with PricewaterhouseCoopers from 1995 to 2005.
Effective November 1, 2017, Ms. Dixon’s base salary will be $330,000, and her full-year annual bonus opportunity at target performance will be 50% of her base salary. Beginning in 2018, Ms. Dixon’s full-year annual equity compensation opportunity at target performance will be 70% of her base salary. Ms. Dixon’s bonus opportunity for calendar year 2017 will be pro-rated based on the date of her appointment as Vice President, Controller and Chief Accounting Officer. Ms. Dixon will not receive any equity compensation grant in connection with such appointment.
About Aetna Inc. (NYSE:AET)
Aetna Inc. is a diversified healthcare benefits company. The Company operates through three segments: Health Care, Group Insurance and Large Case Pensions. The Health Care segment’s products and services consist of medical, pharmacy benefit management services, dental, behavioral health and vision plans offered on both an insured basis and an employer-funded, or administrative services contact, basis and emerging businesses products and services, such as accountable care solutions (ACS). The Group Insurance segment’s products consist of Life Insurance Products, Disability Insurance Products and Long-Term Care Insurance Products. The Large Case Pensions segment manages a range of retirement products, (including pension and annuity products) primarily for tax-qualified pension plans. Its customers include employer groups, individuals, college students, part-time and hourly workers, health plans, healthcare providers (providers), Government-sponsored plans, labor groups and expatriates.
