Comcast exec named COO of Amazon healthcare joint venture

The healthcare venture formed by Amazon, Berkshire Hathaway and JPMorgan Chase has named Jack Stoddard as its new COO, according to CNBC.

The venture, which was announced in Jan. 2018 and still does not have an official name, named its CEO, Atul Gawanade, in June.

Stoddard most recently served as general manager for digital health at Comcast. He also served on the founding team of a Comcast Ventures-based startup, Accolade, and was part of the executive team for Optum’s claims processing engine, CNBC reported. His first day was Sept. 4, according to CNBC.

“We are very pleased to welcome Jack Stoddard to our team. He will serve as the chief operating officer of the organization going forward," an Amazon spokesperson told CNBC.

The mission of the healthcare venture is to improve health benefits and costs for the combined 1.1 million employees across the three companies. However, specifics on the entity are still unknown.

The news comes the day after Amazon’s value topped $1 trillion, marking the second U.S. business to reach that milestone. Apple achieved the value on Aug. 2.