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WellPoint CEO Angela Braly Makes Her Exit
When investors that own millions of shares of a company begin to disparage leadership, it usually leads to action. It's been barely a month since the disappointing second quarter earnings were released, and now Braly is gone.
She joined WellPoint in 2005 as part of its acquisition of the Missouri Blues plan where she served as CEO. Within two years she was tapped to succeed Larry Glasscock when he retired as WellPoint's CEO.
Braly's tenure was been marked by acquisitions that reflect the changing landscape of the healthcare industry following passage of the Patient Protection and Affordable Care Act.
Last year WellPoint acquired CareMore, which operates healthcare clinics that specialize in delivering care coordination and intensive treatment to the chronically ill. WellPoint is rolling out that model to additional markets. Analysts generally view the long-term prospects of this acquisition as positive.
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Comments are moderated. Please be patient.
MayoVictim (8/29/2012 at 4:30 PM)
Lots of female CEOs biting the dust recently: Ebay, Hewlett-Packard, Yahoo, Bank of America and others. The moral of the story is that in business the P & L account trumps PC every time.