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Avizent Appoints New CEO

15 Jul, 2009 WorkersCompensation.com

                               
Columbus, OH (CompNewsNetwork) - National claims and risk management provider Avizent announced today that Tom Watson has been appointed to the position of Chief Executive Officer (CEO). As CEO, Watson will oversee the company's national property and casualty third party administrator (TPA) services, as well as Avizent's full-service managed care company, occupational PPO networks and alternative risk division. Prior to his appointment as CEO, Watson had served as the company's Chief Financial Officer (CFO) where he was responsible for directing financial functions and supporting the company's strategic direction.

"Mr. Watson's promotion to CEO is a testament to his successful management skills and leadership that have continued to drive Avizent's success," said Jay Coughlon, KRG Capital Managing Director. "His experience and knowledge of the industry, as well as his commitment to innovation, will help Avizent continue to meet the needs of its customers and expand its business."

Avizent's former CEO, Lori Daugherty, left the company to pursue other professional interests after helping the organization achieve strategic realignment and growth.

"Avizent is a strong company with a reputation for outstanding customer service—and we are continuing to succeed by bringing on new business and maintaining existing clients," noted Watson. "I look forward to continuing to serve this company and help our clients meet today's challenges."

Watson has more than 20 years of leadership experience primarily in the insurance and financial services sectors. Most recently, he served as President and Chief Operating Officer at UnitedHealthcare Benefit Services, a UnitedHealth Group TPA based in Brookfield, Wisconsin. Previously, Watson was CFO of OptumHealth Financial Services, another UnitedHealth Group business unit. He has also held senior financial positions in CIGNA's operating companies, including Division Controller of CIGNA Health Services, which operated five distinct business units—IntraCorp (workers' compensation and disability), behavioral health, dental, vision, as well as a pharmacy benefits management division.

Watson holds an MBA from the University of Baltimore and a Bachelor's degree in Accounting from The Ohio State University. He is a non-practicing State of Ohio licensed Certified Public Accountant.

About Avizent

Avizent, based in Columbus, Ohio, is one of the fastest growing national risk management providers of claims management, medical managed care, alternative risk options and RMIS technology. The company employs nearly 800 associates throughout the United States.

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