Worcester Business Journal

wbjournal.com | August 19, 2024 | Worcester Business Journal 27 Financial Advisor, Retirement Planning & Investment Center Available through CUSO Financial Services, L.P. 40 Under Forty Honoree CONGRATULATIONS PAUL CHLEBECEK! Non-deposit investment products and services are offered through CUSO Financial Services, L.P. ("CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not INSURED, are not NCUA/NCUSIF or otherwise federally insured, are not MSIC insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members. The Worcester Business Journal 40 Under Forty is a recognition awarded by the publication's editorial team along with an independent panel of judges. Honorees are selected based on their positive impact on the Central Massachusetts business economy and community, as well as their perceived future impact. The recognition should not be construed as a recommendation or endorsement by the Worcester Business Journal. Wealth Advisors and/ or their firms do not pay a fee to be considered or placed on the final list, and the recognition is not indicative of a Wealth Manager's future performance. Working with an award-winner is no guarantee as to future investment success. Recognition based on nominations submitted during April and May, 2024 and honorees announced on August 19th, 2024. Proudly Public, Truly Transformative Congratulations to the eight distinguished alumni who have been honored in the Worcester Business Journal's prestigious 40 Under Forty issue since 2017! Your achievements exemplify the power of a Framingham State University education in unlocking career potential and driving success. We're proud to have played a role in your journey and look forward to celebrating many more honorees in the future! www.framingham.edu 4 0 U N D E R F O R T Y After a three-decade career in the healthcare field, Bailey took on one of his most critical roles in January, when the board of Fallon Health made him interim president and CEO, tasking him with bridging the gap between long-time Fallon leader Richard Burke and new President and CEO Manny Lopes, who started in July. Before all that, Bailey has been leveraging his formal education in business throughout his career to make critical decisions in support of mem- bers' care, company workforce, and his community. In 2011, Bailey pivoted from financial leadership to overseeing Fallon's senior care services product lines. Four years later, Bailey took a brief hiatus from Fallon and joined Health Plans, Inc. as vice president and CFO while the third-party administrator was expanding its services to a national level. His work contributed to increasing the company's op- erating profit margin from less than 1% of revenue to more than 3%. Re-joining Fallon in 2019, Bailey played a pivotal role in bolstering the provider's financial positioning, acting as a lead contributor to Fallon's decision to focus predominantly on government programs. In the community, Bailey serves on the board of directors of the Worcester Business Development Corp. - M.K.M. What did getting the 40u40 award mean to you at the time? It was an honor to be just nominated by my colleagues, and I was especially grateful to be selected as a winner. What does it mean to you now? Each year when the 40u40 winners are unveiled, it brings back a special memory and accomplishment in my professional career. What advice do you have for this year's 40u40 winners? Soak in this amazing accom- plishment and pay it forward to another rising colleague at your work, through mentoring and professional development support. How has Central Massachusetts changed since you won the 40u40 award? Many new and talented professionals work in the Central Massachusetts community working on innovative projects, new business ventures, and are dedicated to attracting new business to Central Massachusetts, which is an area I have grown up and continue to reside in. Class of 2005 Todd Bailey Then: Corporate controller at Fallon Community Health Plan Inc., in Worcester Now: Senior vice president & chief financial officer for Fallon Health, in Worcester 2024 2005

• Cover