Amazon, Berkshire Hathaway and JPMorgan Chase appoint Dr. Atul Gawande as Chief Executive
Officer of their newly-formed company to address U.S. employee healthcare
The new company to operate independently and be based in Boston
SEATTLE & OMAHA, Neb. & NEW YORK--(BUSINESS WIRE)--Amazon (NASDAQ: AMZN), Berkshire
Hathaway (NYSE: BRK.A, BRK.B) and JPMorgan Chase (NYSE: JPM) announced today the next step in theirpartnership on U.S. employee healthcare with the appointment of Dr. Atul Gawande as its Chief Executive
Officer, effective July 9. The new company will be headquartered in Boston and will operate as anindependent entity that is free from profit-making incentives and constraints.
Atul is a globally-renowned surgeon, writer and public health innovator. He practices general andendocrine surgery at Brigham and Women’s Hospital and is Professor at the Harvard T.H. Chan School of
Public Health and Harvard Medical School. He is founding executive director of the health systems
innovation center, Ariadne Labs. He also is a staff writer for The New Yorker magazine, has written four
New York Times bestsellers: Complications, Better, The Checklist Manifesto, and Being Mortal, and hasreceived numerous awards for his contributions to science and healthcare.
“I’m thrilled to be named CEO of this healthcare initiative,” said Atul, “I have devoted my public healthcareer to building scalable solutions for better healthcare delivery that are saving lives, reducing suffering,and eliminating wasteful spending both in the US and across the world. Now I have the backing of these
remarkable organizations to pursue this mission with even greater impact for more than a million people,and in doing so incubate better models of care for all. This work will take time but must be done. Thesystem is broken, and better is possible.”“As employers and as leaders, addressing healthcare is one of the most important things we can do for
our employees and their families, as well as for the communities where we all work and live. Together,
we have the talent and resources to make things better, and it is our responsibility to do so. We’re so
grateful for the countless statements of support and offers to help and participate, and we’re so fortunate
to have attracted such an extraordinary leader and innovator as Atul,” said Jamie Dimon, Chairman andCEO of JPMorgan Chase.
“We said at the outset that the degree of difficulty is high and success is going to require an expert’sknowledge, a beginner’s mind, and a long-term orientation,” said Jeff Bezos, founder and CEO of Amazon.
“Atul embodies all three, and we’re starting strong as we move forward in this challenging and worthwhile
endeavor.”“Talent and dedication were manifest among the many professionals we interviewed. All felt that bettercare can be delivered and that rising costs can be checked. Jamie, Jeff and I are confident that we havefound in Atul the leader who will get this important job done,” said Berkshire Hathaway Chairman andCEO, Warren Buffett.
About Amazon
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About BerkshireBerkshire Hathaway and its subsidiaries engage in diverse business activities including insurance andreinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services.
Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A andBRK.B.
About JPMorgan Chase
JPMorgan Chase (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion andoperations worldwide. The Firm is a leader in investment banking, financial services for consumers andsmall businesses, commercial banking, financial transaction processing, and asset management. A
component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of customers in theUnited States and many of the world's most prominent corporate, institutional and government clients
under its J.P. Morgan and Chase brands. Information about JPMorgan Chase is available atwww.jpmorganchase.com.
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