Independence Health Group in Philadelphia has named Gregory E. Deavens as chief financial officer, executive vice president and treasurer, effective January 30.
Deavens will direct all financial functions for Independence Blue Cross and other subsidiaries and will also play a key role in strategic planning, according to the organization.
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"Strong fiscal leadership has never been more important in our industry, and Greg brings a track record of leadership, vision, and strategic planning to our finance organization during a transformative time," said Daniel J. Hilferty, president and CEO of Independence Health Group.
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Deavens was previously employed by MassMutual Financial Group from 2006 to 2016, where he most recently served as the company's senior vice president and corporate controller.
He has broad finance and strategy experience across the insurance and healthcare fields, Hilferty said.
His earlier experience includes financial leadership roles with New York Life Insurance Company, Cigna, GE Capital, and PriceWaterhouse.
Deavens currently serves on the board of directors for Hartford Healthcare.
He succeeds Alan Krigstein, who retired in December 2016. Krigstein, who served as executive vice president, CFO and treasurer, is credited with transforming the finance division by modernizing financial functions, increasing efficiency, and bringing a strategic viewpoint to financial management.
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Independence Health Group serves more than 8.5 million people in 29 states and the District of Columbia.
Twitter: @SusanJMorse