VSP Global today announced that Michael J. Guyette (pictured, top) has been appointed President and CEO of VSP Global. Guyette will succeed VSP Global Board Member Rob Lynch (pictured, bottom), who has served as interim president and CEO since April 2017.
Guyette, age 53, has more than 20 years of experience in building, growing, and leading large health plan organizations—most recently serving as president and CEO of Blue Cross and Blue Shield of Minnesota. In that role, he was responsible for the strategy and operations of the state’s largest health plan, serving 2.9 million members, with a full scope of health plan products and services.
“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,” says Daniel L. Mannen, O.D., F.A.A.O., VSP Global’s Chairman of the Board. “We have a clear strategy and direction in place, and Michael’s extensive knowledge of the healthcare industry, coupled with his proven success with a nonprofit model, provides the experience necessary to build on and accelerate our momentum.”
According to a statement from VSP, Guyette has long been an advocate of making health insurance better aligned with the needs of consumers, and helped launch Minnesota’s first retail health insurance store in November 2014. Before joining Blue Cross and Blue Shield of Minnesota in 2012, Guyette held senior leadership positions at Aetna, Blue Cross and Blue Shield of Florida and Independence Blue Cross. He also held a variety of senior sales and marketing positions with Prudential Healthcare and Continental Insurance. In 2010, he served as chairman for the Consortium of Health Plans, a coalition of 21 Blue Cross and Blue Shield plans. Since 2016, Guyette has also served as chairman of Prime Therapeutics, a pharmacy benefit manager owned by several Blue Cross and Blue Shield plans.
“Michael’s healthcare experience, knowledge of our collective businesses and commitment to our culture and values make him a great choice to lead VSP Global,” said Rob Lynch, VSP Global board member and interim president/CEO.
Guyette assumes the role of leading a more vertically integrated company, which includes vision benefits provider VSP Vision Care, which serves 85 million members globally. With 2017 gross billings reaching $5.3 billion, VSP Global’s lines of business includes Marchon Eyewear, Inc.; VSP Optics Group, an ophthalmic lens technology and lab services provider; Eyefinity, an EHR and optical practice management software company; and VSP Retail, which delivers connected consumer experiences designed to strengthen the relationship between VSP members and their eye doctors through online and offline channels.
“VSP Global is a unique company within the optical industry but also throughout the broader healthcare industry, with an important ability to take a long-term view of its work in expanding access to eye care and eyewear,” said Guyette. “I am eager to spend time listening to and talking with VSP network doctors, clients, members and employees to gain a deeper perspective of our go-forward strategy and future possibilities.”