IBJNews

Two more WellPoint executives set to depart

Back to TopCommentsE-mailPrint

WellPoint Inc.’s management team will shrink to eight following the departures of two more top executives.

Cynthia Miller, the health insurer’s chief actuary, and Bradley Fluegel, chief strategy officer, are both leaving the company, according to a WellPoint securities document filed Thursday. It did not precisely say when the officers would leave the Indianapolis-based company.

Both executives, along with CEO Angela Braly, played prominent public roles when the company became the center of controversy in the health care reform debate.

Miller appeared with Braly before Congress to defend premium hikes on individual customers in California.

Fluegel handled WellPoint’s government relations during the 10-month reform debate. That debate ended with President Obama signing a mammoth bill in March—six weeks after he revived it by painting WellPoint as the poster child for health insurers’ bad behavior.

“WellPoint is making several management changes as it prepares for 2011 and positions the organization to deliver even greater health care value in a post health care reform operating environment,” WellPoint’s securities filing said. “These changes will help WellPoint streamline its operations and lower administrative costs by consolidating work for greater efficiency and effectiveness.”

Miller and Fluegel’s departures follow the exit of Dijuana Lewis, who clashed with Braly after Braly shifted some of Lewis’ duties to another executive, Lori Beer. In October Lewis was terminated “without cause” but was helping with the transition of her duties to others within the company.

In place of Miller, WellPoint Chief Financial Officer Wayne DeVeydt will assume responsibility for the Actuarial group.

Fluegel’s government relations and communications duties will be assumed by General Counsel John Cannon and his strategic and marketing oversight will be handled by Brian Sassi, WellPoint’s president of consumer business.

In addition on Thursday, WellPoint it will back its annual profit forecast during meetings with analysts and investors over the next few days.

The company said in November that it expected a profit of at least $6.60 per share in 2010. In a filing with the Securities and Exchange Commission, WellPoint said it will maintain that forecast. Its estimate includes gains on investments worth 18 cents per share, and an asset impairment charge of 3 cents per share.

Analysts expect a profit of $6.54 per share, according to Thomson Reuters.

WellPoint's stock was down $1.36, or 2.3 percent, in mid-morning trading, to $57.08 per share.


 

ADVERTISEMENT

  • Direction not Duties
    The clash between Braly and Lewis had to do with direction and culture not duties. Stop misrepresenting the truth without knowing the facts.
  • Real question
    How much are they getting as they leave? I'm sure they will be leaving with a pocket full of our money!
  • The question is:
    Where are they going? Are they going to be rewarded by the Obama admin. for their role in pushing the egregious health care bill through?

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. The Fringe! Plus, the simple fact that there are so many local faves in such close proximity to each other.

  2. I remenber, watching the toll road, being built, through South Bend, when I was 10 years old. I believe, back then that it was estimated, that the toll road, would be paid for in 20 years and then it would be free. I am now 71, what happened? Since the power is in the people, by that, I mean that, we the people are in total control of everything. I, suggest that no one ever use the toll road again, let it go broke. We the people can control the price of everything, from groceries to gas, if we would just do it. If we don't pay the asking price, the sellers will lower the price and if we wait awhile, they will lower the price to what we accept as reasonable. I would like to know why a highway like interstate 94, is so well maintained, a much better highway, than the toll road, but has no tolls. I would also like to know why, a sitting governor, with a term limit, maximum of eight years, can lease, public property, for 75 years. Even though I have transponders in both of my trucks and will not be affected by the increase, I have been and will contine to avoid using the toll road. I make many trips from northern Indiana to Chicago, every year, and I prefer the better highway, I94!

  3. Coming from her background,she should be used to those kinds of advances! Menard probably figured it was ok to tuck a buck!

  4. I'm still waiting for the list of available, high quality apartments in the Village.

  5. This criminal masquerading as a lawyer obviously has serious issues. He’s been proven by his own testimony to be a pathological liar and probably has a personality disorder as he seems to be constructing a reality around himself. He places no value on truth, honesty or loyalty as evidenced by what he has done to his clients and his own family. And by the demands and lies he has made in court, it is evident he feels entitled to do and say whatever suits his purpose and everyone else is expected to nod obediently and believe him because he is, after all, Bill Super Lawyer; or BS lawyer for short. This millionaire wanna-be no longer owns anything of value; he squandered it and put everything he had into foreclosure. He has no money, house, car, boat or vacation home left to show for what he earned or what he stole. He’s just another loser without morals who will be doing time. I’m certain all of his courtroom shenanigans are antagonizing his poor victims. As Lamar said, his behavior and claims in court have been outrageous. The judge needs to be more than concerned; he needs to be judicial and end this nonsense.

ADVERTISEMENT