Sacramento CA, December 13, 2005 — In a move signaling the growing importance of its subsidiary organizations, VSP (Vision Service Plan) announced today that Don Yee will become CEO of VSP's family of companies. Yee will oversee Altaireyewear, the VSP Labs and Eyefinity, and will be responsible for future venture development.
"This decision reflects the commitment of our company to these businesses, and to the possibility of creating future ventures that can support private practice and help VSP grow and compete," said Roger Valine, VSP's president and CEO.
In addition to his new CEO role over the family of companies, Don will maintain his current position as senior vice president of marketing and corporate development at VSP. In both of these roles, Don will report directly to Valine and ultimately to Rob Lynch, who will become president of VSP in February.
"I've known Don for many years and I'm confident that he's the right person to lead our efforts in this area," said Lynch. "I'm looking forward to working with him and the teams at each subsidiary organization as they work to better support doctors and patients."
Before joining VSP in March of 1998, Yee worked for more than 18 years as an advisor to, or an executive with, numerous companies, providing them with strategic planning, marketing, sales, new venture formation, organizational design and process improvement expertise.
About VSP
VSP provides eyecare benefit plans that range from comprehensive eye examinations and materials to complete medical and surgical eyecare. With more than 44 million members nationwide, one in eight people in the United States relies on VSP for eyecare health coverage. VSP's Sight for Students program has helped more than 300,000 low-income/uninsured children receive free eyecare services since its inception in 1997. VSP, a company with over $2 billion in annual gross revenue, has been recognized by Fortune Magazine for the sixth consecutive year as one of best places to work in America. For more information, visit us online at www.vsp.com.
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