Aetna to Move Corporate Headquarters to New York City
June 29 2017 - 11:29AM
Dow Jones News
By Joseph De Avila and Keiko Morris
Aetna Inc. will move its corporate headquarters along with 250
jobs to Manhattan by late 2018, from Hartford, Conn., where it has
been based since 1853.
The company said it chose New York as its new location as a
means to tap a more robust pool of talent at a time when Aetna is
repositioning itself as a consumer-oriented health company.
"New York City is a knowledge economy hub, and a driver of the
innovations that will play a significant part in our ongoing
transformation," said Mark Bertolini, chief executive of the
company.
Aetna's departure from Hartford comes as the Connecticut is
struggling with a spiraling fiscal imbalance that has led to a
projected $5.1 billion budget deficit over the next two years. It
is the latest big-name corporate loss for Connecticut after General
Electric Co. left the state for Boston last year.
Its new corporate office will be in a 170,000 square-foot
Chelsea building being developed by Vornado Realty Trust and Aurora
Capital Associates at 61 Ninth Ave. The nine-story office building,
designed by Rafael Viñoly, will feature a terrace for each floor
and is located not far from Alphabet Inc.'s Google office.
Starbucks has signed a lease to take 20,000 square feet at the
building for a megastore.
The insurer said it would keep thousands of employees at its
Hartford campus, and the company's consumer health and services
team would continue to operate in Wellesley, Mass.
Write to Joseph De Avila at joseph.deavila@wsj.com and Keiko
Morris at Keiko.Morris@wsj.com
(END) Dow Jones Newswires
June 29, 2017 11:14 ET (15:14 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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