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PBM Recruits AdvancePCS Veteran

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WellPoint Inc. has hired Renwyck Elder to be president of its pharmacy benefit management unit.[@@]

Elder, who also will be a senior vice president at WellPoint, Milwaukee, previously was a senior vice president in charge of the retail network at AdvancePCS Inc., Irving, Texas, a large PBM that was acquired by Caremark Rx Inc., Nashville, Tenn., in March 2004.