Blue Cross Blue Shield CEO Rick Schum Announces Retirement
Executive Vice President Diane Gore will assume the leadership role Beginning May 1
After a 38 year career at Blue Cross Blue Shield of Wyoming (BCBSWY), President and CEO Rick Schum has worked his final day. Effective May 1, 2019 Schum is retiring, making way for Executive Vice President Diane Gore to take the reigns at Wyoming’s oldest health insurer.
A native of Cheyenne, Schum had served as President and CEO since 2011, one of only four people who have held the title since BCBSWY was founded. During his tenure, Schum guided the company through several significant changes in the nation’s health care system. He oversaw the implementation of the Patient Protection and Affordable Care Act of 2010 (ACA) and federal HIPAA protections for personal health information and privacy. He also played a leadership role in health policy for the state, serving on health care reform working groups and insurance reform groups for three Wyoming governors and the Wyoming Legislature. He was also part of a group that worked to successfully design and implement the Wyoming Kid Care CHIP program providing health insurance for Wyoming children.
In a media release provided by BCBSWY, Schum stated his career highlight “was recognizing that we help people at critical times in their lives. We’re not just a company selling insurance in Wyoming,” he said. “We’re a Wyoming company with a mission to help Wyoming residents through times when they and their families need health insurance.”
Gore will officially take on the title of President and CEO on May 1. She began her career at BCBSWY shortly after graduating from the University of Wyoming with an accounting degree. She has been involved in the company’s financial area since she began her employment. She was named Chief Financial Officer and Treasurer in 2002, Chief Operating Officer in 2017 and Executive Vice President in 2018.
“I can’t express the value of Rick’s lifetime of service to Blue Cross Blue Shield of Wyoming and the health insurance industry,” said Gore. “His years of experience are an important part of this company’s history.”
(Photo courtesy of Elizabeth Dillow)