US benefits technology platform Benefitfocus has appointed Matthew Levin as president and chief executive officer, effective 10 May 2021.
Levin, most recently chief strategy officer at payroll company ADP, succeeds former CFO Stephen Swad, who served as the company’s CEO from 2020.
Swad will serve as an adviser to Levin until September 2021 and then continue as a Benefitfocus board director.
Commenting on the appointment, Doug Dennerline, an independent director and chairman-elect of the firm, said: “On behalf of the board and everyone at Benefitfocus, I am delighted to welcome Matt as the company’s next CEO.
“Matt is a seasoned leader who has demonstrated his ability to execute innovative growth strategies. He will be an outstanding leader for Benefitfocus, with the skillset and experience to continue advancing the company’s strategy and take its performance to the next level.
“We also thank Steve for his willingness to step in and provide leadership to the company during a particularly dynamic and challenging period. Thanks to Steve’s leadership, the company has strengthened its foundation and is now ready for its next chapter.”
Levin added: “I look forward to working with the team to drive innovative growth strategies and build on the company’s strong foundation to unlock even greater value.
“Thanks to the initiatives Steve and the team have been implementing over the past several quarters, I believe Benefitfocus is poised to create customer value-enhancing opportunities.
“I am particularly excited to help realize the company’s tremendous upside potential as a partner to employers, health plans and brokers, ensuring employees and members are maximizing the value of their investments in healthcare.”