HealthMarkets has appointed Kenneth Fasola as its new president and chief operating officer. He will also serve as a member of the company's board of directors.

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According to the company, Phillip Hildebrand will continue to serve as CEO and a member of the board of directors.

Fasola is expected to become CEO for HealthMarkets by June 2011, at which time Hildebrand will become chairman of the board of directors.

Prior to joining HealthMarkets, Fasola was responsible for Humana’s individual major medical, specialty and supplemental insurance operations. Prior to that, he was CEO for Secure Horizons, a division of UnitedHealth Group.

Additionally, Fasola served as CEO of UnitedHealth Care’s Central Region and as national sales officer and president of UnitedHealth Care Lines of Business.