Angela Braly has left the positions of president, chairman and chief executive officer (CEO) of WellPoint Inc. (NYSE:WLP).
The announcement came suddenly, and WellPoint, Indianapolis, says it has set up a search committee to consider both internal and external candidates to succeed Braly.
WellPoint says Jackie Ward, who has been the company’s lead director, is now the non-executive chair of the board.
John Cannon, WellPoint’s general counsel, will be the interim president and CEO, WellPoint says.
Ward says in a statement that the WellPoint board believes time will prove the wisdom of actions the company has taken under Braly’s watch, such as the sale of a pharmacy benefit management unit and the recent proposed acquisitions of Amerigroup Corp., Virginia Beach, Va. (NYSE:AGP).