The addition of Ken Fasola to our board will provide additional leadership and the clear perspective of a health industry expert. We are honored to have an executive of his caliber join our board and we look forward to the valuable insights he will bring to the position.
Orlando, FL (Vocus) September 15, 2009
Connextions Inc. today announced the appointment of Kenneth J. Fasola to its Board of Directors. Mr. Fasola is a health insurance and managed care senior executive with 25 years of successful experience concentrated in three of the industry's largest organizations: UnitedHealth Group, Humana and Blue Cross Blue Shield.
A well-rounded general manager and an expert in sales, marketing and business development, Mr. Fasola has driven profitable organic growth across multiple lines of business while cultivating a national network of agent, broker and consultant relations unmatched in the industry. His experience includes several executive positions for insurance giant UnitedHealth Group, including serving as Chief Executive Officer of Secure Horizons, a division of Ovations and the nation's largest Medicare Advantage insurer; CEO of UnitedHealth Group's Central Region; and President of United Healthcare Lines of Business. Mr. Fasola also held several key positions for Humana, having been promoted numerous times throughout his 12-year tenure there. He was Humana's Chief Operations Officer of Market Operations; Senior Vice President for the Office of the Chairman; and Senior Vice President of Sales, Marketing and Business Development.
A graduate of Penn State, Mr. Fasola serves on the Board of Schreyer Honors College there and also on the Board of BenefitMall, Inc.
In response to his appointment to the Connextions board, Mr. Fasola said, "For the past several years I have observed Connextions as it formed partnerships with major health plans and commercial organizations. These relationships have positioned Connextions as a leader in customer and member growth, retention and service. I have long been impressed with their innovation and my appointment to the board is an exciting opportunity to help navigate them through their next growth phase."
In announcing the appointment, Connextions Inc. Chairman and CEO Jack LeFort said, "The addition of Ken Fasola to our board will provide additional leadership and the clear perspective of a health industry expert. We are honored to have an executive of his caliber join our board and we look forward to the valuable insights he will bring to the position."
Connextions Inc. is a technology-based business process outsourcing firm with broad expertise in the healthcare industry, assisting well-known health insurance plans and healthcare providers in their efforts to grow, retain and serve members. Connextions is a privately held company and part of the New Mountain Partners II, L.P. portfolio, a private equity fund sponsored and managed by Manhattan-based New Mountain Capital LLC.
About Connextions Inc.:
Founded in 1992, Connextions' more than 3,000 professionals provide technology-based business solutions for a long list of America's best-known corporate and healthcare organizations, including Kaiser-Permanente and CVS Caremark, FedEx, Sprint, Olympus, among others. See http://www.connextions.com .
About New Mountain Capital:
New Mountain Capital, LLC is a New York-based private equity firm investing for long-term capital appreciation through direct investment in growth equity transactions, leveraged acquisitions and management buyouts. New Mountain seeks out the highest quality growth leaders in carefully selected industry sectors, and then works intensively with management to build the value of those companies. See http://www.newmountaincapital.com .
For additional information:
407-926-2400, Ext. 187