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New CEO of New Mexico health insurance exchange starts in August

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ALBUQUERQUE, New Mexico — A new CEO of New Mexico's health insurance exchange will take over running the online marketplace in late August.

The exchange announced Monday that Amy Dowd had accepted its offer to become the exchange's top administrator.

Dowd will be paid a yearly base salary of $199,000, and can earn a 10 percent performance bonus during her two-year contract

The exchange's board of directors voted earlier this month to select Dowd, who has been executive director of Idaho's insurance exchange.

Interim CEO Mike Nunez has been running New Mexico's exchange since it was created last year.

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