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August 28, 2012 01:00 AM

Angela Braly resigns as president and CEO of WellPoint

Andis Robeznieks
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    Angela Braly has abruptly stepped down from her position as president and CEO of WellPoint, an Indianapolis-based Blue Cross Blue Shield licensee with some 34 million members covered by Blues plans in several states including California. The move came following calls for her replacement from investors.

    A search committee has been established to consider both internal and external candidates, and John Cannon, WellPoint's executive vice president, general counsel, corporate secretary and chief public affairs officer, will serve as interim president and CEO, a news release said. The release also noted that Cannon told the board he did not wish to be considered as Braly's permanent replacement.

    Also Jackie Ward, WellPoint's lead director, has been named “non-executive chair” of the board of directors, effective immediately, the release said.

    “Our Board continues to believe that time will prove the wisdom of potentially transformative actions taken under Angela's leadership,” Ward said in the release, citing such actions as the sale of WellPoint's pharmacy benefit management business to Express Scripts and the proposed acquisition of Amerigroup, a Virginia Beach, Va.-based managed care provider for Medicare and Medicaid recipients, for $4.9 billion.

    “But now is the right time for a leadership change,” Ward added. “We believe the remaining executive team is dynamic and strong, with great potential to drive WellPoint's future success, and John Cannon in particular is the right person to lead our most important initiative, which is the completion of the Amerigroup transaction.”

    Royal Capital Management, a New York-based hedge fund and major WellPoint stockholder, had recently called for Braly's removal.

    Braly has placed on Modern Healthcare's 100 Most Influential People in Healthcare List six times, most recently placing ninth. In 2011, she was named to Modern Healthcare's list of the Top 25 Women in Healthcare.

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    • News
      • Current News
      • Providers
      • Insurance
      • Digital Health
      • Government
      • Finance
      • Technology
      • Safety & Quality
      • Transformation
        • Patients
        • Operations
        • Care Delivery
        • Payment
      • People
      • Regional News
        • Midwest
        • Northeast
        • South
        • West
      • Digital Edition (Web Version)
    • Unwell in America
    • Opinion
      • Bold Moves
      • Breaking Bias
      • Commentaries
      • Letters
      • Vital Signs Blog
      • From the Editor
    • Events & Awards
      • Awards
        • Nominate/Eligibility
        • 100 Most Influential People
        • 50 Most Influential Clinical Executives
        • Best Places to Work in Healthcare
        • Excellence in Governance
        • Health Care Hall of Fame
        • Healthcare Marketing Impact Awards
        • Top 25 Emerging Leaders
        • Top 25 Innovators
        • Diversity in Healthcare
          • - Luminaries
          • - Top 25 Diversity Leaders
          • - Leaders to Watch
        • Women in Healthcare
          • - Luminaries
          • - Top 25 Women Leaders
          • - Women to Watch
      • Conferences
        • Digital Health Transformation Summit
        • ESG: The Implementation Imperative Summit
        • Leadership Symposium
        • Social Determinants of Health Symposium
        • Women Leaders in Healthcare Conference
      • Galas
        • Best Places to Work Awards Gala
        • Health Care Hall of Fame Gala
        • Top 25 Diversity Leaders Gala
        • Top 25 Women Leaders Gala
      • Virtual Briefings
        • - Hospital of the Future
        • - Value Based Care
        • - Hospital at Home
        • - Workplace of the Future
        • - Digital Health
        • - Future of Staffing
        • - Hospital of the Future (Fall)
      • Webinars
    • Multimedia
      • Podcast - Beyond the Byline
      • Sponsored Podcast - Healthcare Insider
      • Video Series - The Check Up
      • Sponsored Video Series - One on One
    • Data Center
      • Data Center Home
      • Hospital Financials
      • Staffing & Compensation
      • Quality & Safety
      • Mergers & Acquisitions
      • Data Archive
      • Resource Guide: By the Numbers
      • Surveys
      • Data Points
    • MORE+
      • Contact Us
      • Advertise
      • Media Kit
      • Newsletters
      • Jobs
      • People on the Move
      • Reprints & Licensing