Leadership
e-Newsletter
Intelligence Unit Special Reports Special Events Subscribe Sponsored Departments Follow Us

Twitter Facebook LinkedIn RSS

WellPoint CEO Braly resigns

Bloomberg BusinessWeek, August 29, 2012

Angela Braly resigned as chairman and chief executive officer of WellPoint Inc. after recent criticism from shareholders who said the second-leading U.S. insurer was underperforming. The shares rose. John Cannon, the company's executive vice president and general counsel, will serve as interim CEO while WellPoint searches for a replacement, the Indianapolis-based insurer said today in a statement. Cannon isn't a candidate for the permanent job, according to the statement. During her five-year tenure, Braly, 51, made herself a foe of the health-care overhaul and, more recently, of investors after WellPoint missed earnings estimates and cut its forecast twice in four months.