TRUMBULL, Conn., July 8 /PRNewswire-FirstCall/ -- Oxford Health Plans,
Inc. (NYSE: OHP) announced today that Richard C. Vaughan, executive vice
president and chief financial officer of Lincoln National Corporation, has
been appointed to the company's Board of Directors. With the addition of
Vaughan, 53, Oxford's board expands to 8 members.
Lincoln National, marketed as Lincoln Financial Group, is headquartered in
Philadelphia, PA, and provides annuities, life insurance, 401(k) and 403(b)
plans, 529 college savings plans, mutual funds, managed accounts,
institutional investment and financial planning and advisory services. Lincoln
National has consolidated assets of $92 billion and had annual consolidated
revenues of $4.6 billion in 2002.
Vaughan has been with Lincoln National since 1990, was appointed CFO in
1992, and promoted to EVP in 1995. He previously served as a vice president of
EQUICOR in charge of public offerings and insurance accounting, and before
that was a partner at KPMG Peat Marwick responsible for insurance, defense
contracting, government and health care practices. "Oxford is very pleased to
have Rich Vaughan join our board of directors. Rich's wealth of experience
across the health care, insurance, and financial industry sectors will be of
tremendous value to Oxford going forward," said Oxford's Chairman, Kent J.
Thiry.
Founded in 1984, Oxford Health Plans, Inc. provides health plans to
employers and individuals primarily in New York, New Jersey and Connecticut,
through its direct sales force, independent insurance agents and brokers.
Oxford's services include traditional health maintenance organizations,
point-of-service plans, Medicare plans and third party administration of
employer-funded benefit plans.
SOURCE Oxford Health Plans, Inc.
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Related links:
http://www.oxfordhealth.com
CONTACT:
Investor, Gary Frazier, +1-203-459-6674,
gfrazier@oxfordhealth.com, or Media, Maria Gordon Shydlo,
+1-203-459-7674, mshydlo@oxfordhealth.com, both of Oxford Health
Plans, Inc.
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