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Financial District Insurance

New president, CFOs named at MCS

David Scanavino

Looking to reinforce its local leadership, Medical Cards System Inc. CEO Jim O’Drobinak announced the promotions of David Scanavino to president of the MCS Advantage Inc. subsidiary, David P. Schaffer, to CFO of MCS Life Insurance Company and MCS Health Management Options; and José Aponte, to CFO of MCS Advantage Inc.

“These are seasoned executives who have been on board for quite a while and, thanks to their excellent performance in their respective roles, we have been able to see outstanding progress in our company,” O’Drobinank said. “Considering their combined experience, great contributions, and vast expertise in the healthcare industry I am confident that they, as part of the independent management team for each of these subsidiaries, will drive MCS through the right track to success.”

Scanavino, an experienced healthcare industry executive, originally joined MCS two years ago. Prior to joining MCS, he co-founded MMM Healthcare Inc. Puerto Rico’s first Medicare Advantage health plan. Scanavino’s background also includes stints in many health insurance companies in the U.S. mainland.

“It is a privilege and great responsibility to be appointed as President of MCS Advantage Inc. In the execution of my duties, I’ve always believed that high standards of health and wellness are not only statutory requirements and morally right, but are also good for business,” Scanavino said. “With this in mind, along with my team of dedicated professionals, I look forward to taking MCS Advantage to the next level.”

Meanwhile, Schaffer who has 24 years of experience in the accounting field, 14 of them in the insurance industry, takes over his new responsibilities seeking to play a key role in accomplishing MCS’s financial objectives, within an increasingly challenging healthcare marketplace.

Schaffer, who holds a bachelor’s degree with major in accounting and finance from the University of Puerto Rico, served as vice president of finance for 10 years at MCS, prior to his promotion at MCS Life Insurance Company and MCS Health Management Options.

On the other hand, Aponte holds a bachelor’s degree in accounting from Tulane University, along with six years of “Big Four” auditing experience in the health/life insurance line of business, and eight years of combined experience at MCS as vice president of finance and director prior to his promotion to CFO of MCS Advantage.

“David and José bring a wealth of hands-on experience to their new roles and have deep insight into the issues that impact each company’s individual performance. We’re very pleased to promote such great talent from within our management team,” O’Drobinak said.

“As we continue to grow, at MCS we will keep focusing on building strong finance capabilities throughout our individual companies so we can better serve the needs of our constituents,” he noted.

Author Details
Author Details
Business reporter with 27 years of experience writing for weekly and daily newspapers, as well as trade publications in Puerto Rico. My list of former employers includes Caribbean Business, The San Juan Star, and the Puerto Rico Daily Sun, among others. My areas of expertise include telecommunications, technology, retail, agriculture, tourism, banking and most other segments of Puerto Rico’s economy.

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