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January 22, 2024

Fallon names executive from Boston LGBTQ+ healthcare firm to be next CEO

A man in a suit Image | Courtesy of Fallon Health Manny Lopes will take over as president and CEO of Fallon Health on June 30, following the retirement of longtime leader Richard Burke.

Following the planned retirement of President and CEO Richard Burke, Worcester insurer Fallon Health on Monday named Manny Lopes as its next leader. 

Lopes was selected following an extensive national search, according to a press release issued by Fallon on Monday. Current CFO Todd Bailey will serve as interim CEO from the beginning of Burke’s retirement on Jan. 31 until June 30, at which point Lopes will assume the top leadership position.

“Manny’s extensive and highly relevant experience make him the ideal person to lead Fallon Health at this point in its history and in support of its strategy to predominantly focus on government markets,” Frederick Misilo, Fallon Health board chair, said in the statement. “Throughout his career he has developed a deep and empathetic understanding of the health care needs of the communities that Fallon Health serves today and in the future. Manny and Todd are committed to ensuring a seamless transition for Fallon Health’s employees, members, and provider, business, and community partners.”

Lopes is currently the interim CEO for Fenway Health, a Boston-based healthcare organization focusing on the needs of the LGBTQ+ community. He previously served as executive vice president of public markets and government relations for Blue Cross Blue Shield of Massachusetts in Boston and as president and CEO of East Boston Neighborhood Health Center.

Lopes graduated from the D'Amore-McKim School of Business at Northeastern University in Boston with an MBA, according to his LinkedIn profile. 

“I am honored and grateful to the Fallon Health Board of Directors for the opportunity to be the next president and CEO of this exceptional organization,” Lopes said in the statement. “I look forward to leading the organization and its dedicated, passionate, and caring employees in pursuit of its vision to be the leader in providing exceptional coordinated care and coverage that meets the unique, diverse and changing needs of its members.”

Richard Burke, who was inducted into the WBJ Hall of Fame in 2022, announced his retirement in February following a 25-year tenure at Fallon.  

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