CLEVELAND--(BUSINESS WIRE)--The Board of Directors and Steven C. Glass agreed that Mr. Glass will exit as President and CEO effective November 12, 2024. Tony Helton, Medical Mutual’s Executive Vice President and Chief Financial Officer, has been appointed interim CEO. Mr. Glass will serve as a consultant to ensure a smooth transition through June 30, 2025. In the coming months, the Board will determine next steps but feels no rush to name a permanent CEO.
During his tenure, Mr. Glass has successfully enhanced the already experienced executive leadership team with several significant hires. Mr. Glass and the Board, together with the executive leadership team, have developed a bold strategic plan, which through Mr. Glass’ leadership is already resulting in significant growth opportunities.
“We thank Steve for his service to Medical Mutual, and we wish him the best going forward,” said Robert J. King, Jr., Chairman of the Board of Directors. “During his time as CEO, Steve has helped us develop new capabilities and opportunities while moving our strategic plan forward and ensuring we have a strong path ahead. We have every confidence that Tony will provide exemplary leadership as we provide continuous, seamless service for our customers.”
“I am very proud of the role I played in helping steer Medical Mutual in an exciting new direction,” said Mr. Glass. “Tony Helton and the executive leadership team are well positioned to execute the strategic plan and deliver outstanding outcomes for Medical Mutual. The organization is well positioned for success with even greater prospects for the future.”
Prior to joining Medical Mutual, Mr. Helton spent nearly 20 years at the Cleveland Clinic in various roles including interim CFO. He has also served as a controller and chief financial officer in the manufacturing and service industries. Mr. Helton earned a bachelor’s degree in accounting and a master’s degree in business administration from John Carroll University. Outside of work, Mr. Helton enjoys spending time with his children and grandchildren and cheering on Cleveland’s sports teams.
“I join the Board in thanking Steve for his impactful service, and I wish him all the best,” said Mr. Helton. “I look forward to serving in this new capacity and assisting the Board as we all build on the positive momentum of our new strategic plan.”
About Medical Mutual
Founded in 1934, Medical Mutual is the oldest and one of the largest health insurance companies based in Ohio. We provide peace of mind to more than 1.2 million Ohioans through our high-quality health, life, disability, dental, vision, and accident and critical illness plans. We offer fully insured and self-funded group coverage, including stop loss, as well as Medicare Advantage, Medicare Supplement and Individual and Family plans. Our status as a mutual company sets us apart from our competition. This means we don’t have stockholders, answer to Wall Street analysts, or pay dividends to investors. Our focus is entirely on our policyholders and their covered dependents, and we’re committed to developing products and services that help our members live healthier through all stages of life.