John Rowe (Aetna)
Jack Rowe | |
|---|---|
| Personal details | |
| Born | June 20, 1944 |
| Spouse | Valerie DelTuffo |
| Education | Canisius College (BS) University of Rochester (MD) |
John Wallis Rowe is an American businessman and academic physician, who served as chairman and CEO of Aetna Inc., a large health insurance company based in Connecticut, titles he retired from in February 2006.[1]
During his Aetna tenure, Businessweek named Rowe as a “Manager of the Year.”[2] After leaving the company, he became an active philanthropist, supporting aging research and other causes.[3][4]
Career
Columbia University
Rowe has been the Julius B. Richmond Professor at Columbia University's Mailman School of Public Health in the Department of Health Policy and Management.[5] He has also served as professor at Harvard Medical School, authoring more than 200 scientific publications, mostly on the aging process.
Rowe was previously Chairman of the Board of Trustees at the University of Connecticut. In 2010, he donated $2 million to the university’s foundation for a program that encourages students from minority groups and low-income families to enter health professions.[6] Rowe also gave a separate $1 million for aid to help students recover from the COVID-19 pandemic.[7]
Aetna
Prior to Columbia, John Rowe was the CEO and executive chairman of the health insurance company Aetna from 2000 to 2006.[8] During his tenure, he transformed Aetna into a large, profitable company.[9] Between May 2001 and March 2007, the company's stock price jumped from $5.80 to $43.87 a share.[10] By the mid-2000s, Aetna’s operating income recovered from a $300 million loss to a $1.7 billion gain.[11] In 2005, Rowe's compensation was $22.2 million.[12]
Mount Sinai New York Health
Prior to Aetna, Rowe was President and Chief Executive Officer of Mount Sinai New York Health from 1998 to 2000. Before that, he was President of The Mount Sinai Hospital and the Mount Sinai School of Medicine in New York City from 1988 to 1998.
In 1998, Rowe led the (now dissolved) Mount Sinai NYU Health merger that brought together five hospitals, becoming the system's president and chief executive.[13]
Tax patents
In 2006, the Wealth Transfer Group sued Rowe for infringement of a tax patent.[14] The patent was U.S. patent 6,567,790, entitled "Establishing and managing grantor retained annuity trusts funded by non-qualified stock options" (i.e. SOGRAT).[15] The case was settled for undisclosed terms.[16]
Publications
Rowe has published more than 200 scientific publications, mostly in the field of gerontology, and a textbook in the same field.[17]
He co-authored the book Successful Aging with Robert Kahn.[18]
Personal life
Raised in Wood-Ridge, New Jersey, Rowe graduated from St. Peter's Preparatory School.[19] Rowe attended Canisius College and received his B.S. in 1966.[20] He received his M.D. from the University of Rochester in 1970.[21]
Rowe lives in New York City and Cape Cod, Massachusetts with his wife, who is a retired professor at Fordham University.[22][23]
Rowe has been a Director of the MacArthur Foundation Research Network on Successful Aging and is currently Director of the Foundation's Research Network on an Aging Society.[24][25]
He is a member of the Institute of Medicine of the National Academy of Sciences, a fellow of the American Academy of Arts and Sciences, a member of the Board of Trustees of the Rockefeller Foundation, a member of the Board of Trustees of the Lincoln Center Theater, a member of the Board at Accolade Inc. and Hospital Corporation of America (HCA), and former Chairman of the Board of the Marine Biological Laboratory.[26][27][28]
In 2019, Rowe was honored at the fourth Arthur W. Page Center Awards in New York City.[29] He received a Larry Foster Award for Integrity in Public Communication.[30]
Rowe is a former member of the Medicare Payment Advisory Commission and Board of Trustees at the University of Connecticut.[31][32][33]
References
- ^ "Aetna's John Rowe stepping down as CEO". NBC News. January 4, 2006. Retrieved May 11, 2022.
- ^ "John Rowe | Columbia Public Health". www.publichealth.columbia.edu. Retrieved May 3, 2022.
- ^ "Former Aetna CEO gives $1M to Buck Institute". www.bizjournals.com. Retrieved May 3, 2022.
- ^ Gramza, Janet (March 11, 2022). "Canisius College receives $1 million gift for its Science Hall renovation". Buffalo News. Retrieved May 3, 2022.
- ^ Faculty Bio
- ^ "Jack Rowe, Former Aetna Chief And UConn Chairman, Gives $2 Million To UConn". Hartford Courant. April 30, 2010. Retrieved May 9, 2022.
- ^ "Former Trustee Chairman Donates $1M to UConn". UConn Today. October 8, 2020. Retrieved May 9, 2022.
- ^ "Aetna says CEO Rowe to retire at year-end". Modern Healthcare. October 5, 2006. Retrieved May 11, 2022.
- ^ "AETNA, CIGNA CEOS GOT 8-FIGURE PAY PACKAGES". Hartford Courant. March 22, 2005. Retrieved April 28, 2022.
- ^ "AETNA REWARDS CURRENT, FORMER CEOS". Hartford Courant. March 20, 2007. Retrieved April 28, 2022.
- ^ Katzenbach, Jon R.; Steffen, Ilona; Kronley, Caroline (July 1, 2012). "Cultural Change That Sticks". Harvard Business Review. ISSN 0017-8012. Retrieved May 9, 2022.
- ^ Forbes list of top executive compensation
- ^ "NEW BOSS AT AETNA HEALTH: FORCEFUL VISIONARY". Hartford Courant. September 12, 2000. Retrieved April 28, 2022.
- ^ Floyd Norris, Patent law is getting tax crazy, International Herald Tribune, October 19, 2006.
- ^ Nowotarski, Mark, "Tax Strategies?", Insurance IP Bulletin, October 15, 2006
- ^ Herman, Tom, "Patents on Tax-Related Ideas Stir Worry", Wall Street Journal, March 14, 2007
- ^ "Successful Aging of Societies". American Academy of Arts & Sciences. April 2015. Retrieved May 11, 2022.
- ^ Fradkin, Barbara. "One Senior Place: 'Successful aging' is something we should all strive for; here's how". Florida Today. Retrieved May 11, 2022.
- ^ "Miss De Tufo And John Rowe Engaged", Herald-News, January 6, 1968. Accessed December 11, 2025, via Newspapers.com. "Mrs. Anthony J. Del Tufo, 545 Sollas Court, Lyndhurst, has announced the engagement of her daughter, Valerie Ann, to John Wallis Rowe, son of Mr. and Mrs. Albert Rowe, 399 North Ave., Wood-Ridge.... Mr. Rowe is a graduate of St. Peter's Preparatory School, Jersey City, and Canisius College, Buffalo, N. Y."
- ^ "Canisius Receives $1 Million Gift From John and Valerie Rowe". Canisius College. March 15, 2022. Retrieved May 3, 2022.
- ^ "Jack Rowe". Stanford Center on Longevity. January 26, 2012. Retrieved May 11, 2022.
- ^ "Jack Rowe, Former Aetna Chief And UConn Chairman, Gives $2 Million To UConn". Hartford Courant. April 30, 2010. Retrieved May 11, 2022.
- ^ "ROWE, FOE RESOLVE CAPE COPTER CLASH". Hartford Courant. April 30, 2005. Retrieved May 11, 2022.
- ^ University, © Stanford; Stanford; California 94305. "John (Jack) W. Rowe". healthpolicy.fsi.stanford.edu. Retrieved May 11, 2022.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "Former Aetna CEO Jack Rowe, MD, to Deliver Second UCSF Chancellor's Health Policy Lecture on Jan. 11 | UC San Francisco". www.ucsf.edu. December 22, 2006. Retrieved May 11, 2022.
- ^ "John Rowe | Columbia Public Health". www.publichealth.columbia.edu. Retrieved May 11, 2022.
- ^ "John W. Rowe, MD". The Rockefeller Foundation. Retrieved May 11, 2022.
- ^ "Former Chairman and CEO of Aetna Inc., John W. Rowe, Joins eFamilyCare's as Board Member and Investor". Bloomberg.com. January 20, 2022. Retrieved May 11, 2022.
- ^ "Page Center Awards / Arthur W. Page Center". www.bellisario.psu.edu. Retrieved May 11, 2022.
- ^ "Page Center honors ground-breaking innovators at third annual awards dinner".
- ^ "Jack Rowe". The Longevity Project. October 12, 2020. Retrieved May 11, 2022.
- ^ "Nursing School Honors Dr. Jack Rowe". UConn Today. October 25, 2010. Retrieved May 11, 2022.
- ^ "Former Aetna CEO Gives $2 Million To UConn Scholarship Program". Hartford Courant. May 2010. Retrieved May 11, 2022.