wellpoint inc (WLP) Key Developments
WellPoint Inc. Announces an Organizational Realignment; Announces Executive Changes
May 20 13
WellPoint Inc. issued an internal memo announcing an organizational realignment. As a part of the organizational realignment, Lori Beer's current position of Executive Vice President, Specialty Business and Information Technology, will no longer exist. As a result, and after discussion about what is in both the company's and Ms. Beer's long-term best interests, Ms. Beer's employment relationship with the company will terminate effective June 1, 2013, not for cause. Ms. Beer is assisting with the transition of her duties. The CSBD will be led by Ken Goulet and the GBD by Dick Zoretic. To advance enterprise efficiency and execution efforts, Gloria McCarthy will assume the role of Chief Administrative Officer, adding Information Technology (IT), HealthCore and the commercialization of IBM-Watson partnership to her current responsibilities. Randy Brown, John Cannon, Wayne DeVeydt and Sam Nussbaum remain in their roles leading corporate shared services. Together with Ken, Dick and Gloria, these leaders comprise my Executive Leadership Team (ELT). Leeba Lessin, Medicare Programs executive, will join the GBD under Dick's leadership. Over the next 90 days, Leeba and Dick will develop a plan to optimize the operating structure for Medicare, Medicaid and Dual Eligible businesses.
The company consolidated strategic business units from four to two: The Commercial and Specialty Business Division (CSBD), comprised of Local Group and National Accounts, Exchange and Individual Businesses, Specialty Businesses and 1-800 CONTACTS; The Government Business Division (GBD), comprised of the Medicaid, Medicare, National Government Services (NGS) and the Federal Employee Program (FEP).
WellPoint Inc. Declares Second Quarter 2013 Dividend, Payable on June 25, 2013
May 15 13
WellPoint Inc. announced that its Board of Directors declared a quarterly dividend to shareholders for the second quarter of 2013 of $0.375 per share. The dividend is payable on June 25, 2013, to shareholders of record at the close of business on June 10, 2013.
WellPoint Inc. Elects Joseph R. Swedish as Director
May 15 13
WellPoint Inc. elected Joseph R. Swedish as Director to serve three-year terms to expire at the annual meeting of shareholders in 2016.
WellPoint Inc. Announces Board of Directors Resignations
May 14 13
WellPoint Inc. announced that Lenox Baker, Sheila Burke and Susan Bayh stepped down from the board effective immediately.
Sheila P. Burke Announces Not to Stand for Re-Election as Director of WellPoint Inc
May 13 13
WellPoint Inc. announced that it Sheila P. Burke withdrew her candidacy for re-election to the company's Board of Directors at the 2013 Annual Meeting of Shareholders on April 2, 2013. Her decision to not stand for re-election was for personal reasons and was not due to any disagreement or dispute between the company and Ms. Burke.