Health insurer WellPoint Inc., parent of Anthem Blue Cross of Connecticut, said Wednesday that CEO Angela Braly will replace Chairman Larry Glasscock after he retires from the board effective March 1.
Glasscock has guided the company through a period of rapid growth as it become the largest health insurer based on medical enrollment, with 33.7 million members. A statement from the Indianapolis company said Glasscock’s retirement was not caused by a disagreement with the company.
Braly, 48, has served as president and CEO since June 2007. She was a WellPoint executive vice president when she was named to replace Glasscock as president and CEO.
Her appointment surprised some analysts at the time because she wasn’t familiar to many on Wall Street.
Yet Braly led WellPoint through a recession that has hurt enrollment in employer-sponsored health coverage and a Congressional health care overhaul debate that has knocked the price of health insurance stocks up and down for months. (AP)
