Oscar Lures Capital One’s CFO to Top Finance Spot

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Oscar

Image Credit: Oscar

Oscar has scored a major addition to its executive team by hiring Capital One’s Chief Financial Officer, R. Scott Blackley, to serve as its top financial exec. Blackley will officially join the health insurance startup on March 16, 2021.

Blackley is succeeding Sid Sankaran, who is leaving Oscar to become Chairman and CEO of reinsurance firm SiriusPoint. However, Sankaran isn’t severing all ties with Oscar and will stay on as Vice Chairman of the Board effective June 30, 2021.

At Oscar, Blackley will likely play a large role in the healthcare startup's growth, as the 1,400 person company plans to make some big moves in 2021. The startup, which already has more than 420,000 members, plans to expand its availability to a total of 18 states and 286 counties in the coming year.

Oscar’s leadership was drawn to Blackley’s experience in strategy, operations and financial services, which CEO Mario Schlosser called, “An ideal fit for Oscar as we continue to grow our membership and achieve greater operating efficiency.” Schlosser went on to say, “Scott brings a principled approach and outstanding leadership qualities that will make him an invaluable member of the Oscar team.”

Blackley has a wealth of finacial services experience. He became Capital One’s CFO in May 2016 after initially joining the company as the Principal Accounting Officer and Controller five years earlier. Prior to this, Blackley also held various executive positions at Fannie Mae, the U.S. Securities and Exchange Commission (SEC), and KPMG.

Blackley stated, “I look forward to using my background and experience to help Oscar deliver on its mission to make a healthier life accessible and affordable for all.”

R. Scott Blackley

R. Scott Blackley. Image Credit: Capital One.

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