Anthem Confirms Joseph Swedish to Step Down as CEO
November 06 2017 - 6:17AM
Dow Jones News
By Allison Prang and Cara Lombardo
Anthem Inc. has named the former chief executive of UnitedHealth
Group Inc.'s insurance business, Gail Boudreaux, its new president
and chief executive officer.
Ms. Boudreaux's appointment takes effect Nov. 20.
The company's current CEO, Joseph Swedish, will stay on as
executive chairman of the board until May. He will then work as a
senior adviser through May 2020, the company said Monday. In that
role, he will be paid $4.5 million annually.
Ms. Boudreaux will receive a base salary of $1.4 million, a
possible performance-based bonus of $2.45 million and long-term
incentive awards of $10.25 million, in addition to stock, according
to a filing with the Securities and Exchange Commission.
The Wall Street Journal first reported Mr. Swedish's plans to
step down Friday.
Write to Allison Prang at allison.prang@wsj.com and Cara
Lombardo at cara.lombardo@wsj.com
(END) Dow Jones Newswires
November 06, 2017 07:02 ET (12:02 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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