IBJNews

WellPoint adds power executive Hay to board

Back to TopCommentsE-mailPrintBookmark and Share

Health insurer WellPoint Inc. has named power company executive Lewis Hay III to its board of directors after announcing earlier this month that three members had resigned for personal reasons.

The Indianapolis-based Blue Cross Blue Shield coverage provider said Wednesday that Hay's term will be effective July 1. He serves as executive chairman of Juno Beach, Fla.-based NextEra Energy Inc. but will retire at the end of this year. He was CEO of that company from 2001 through last year.

Hay also serves on the boards of Capital One Financial Corp. and Harris Corp.

WellPoint, the nation's second-largest health insurer, said May 13 that three long-standing board members — Sheila P. Burke, Dr. Lenox D. Baker Jr. and Susan B. Bayh — had left the board but did not resign due to disagreements or disputes with the company.

The health insurer's stock fell 42 cents, to $78.30 per share, in Wednesday morning trading, while the Standard & Poor's 500 index also slipped less than 1 percent.

The shares are still trading near their 52-week high price of $79.58, which they reached a week ago.

ADVERTISEMENT

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:
 
thisissue1-092914.jpg 092914

Subscribe to IBJ
ADVERTISEMENT