Anthem Announces CFO Transition
Indianapolis-based Anthem Inc. (NYSE:ANTM) has named John Gallina chief financial officer. He will succeed Wayne DeVeydt, who the company said is resigning to focus on family commitments and philanthropic work.
DeVeydt has been with the company for more than a decade, most of which as executive vice president and CFO.
Chief Executive Officer Joe Swedish says "throughout his tenure at Anthem, Wayne DeVeydt has committed his considerable talents to serve our company. Wayne has been a valued member of our executive team and has played an important role during a period of dynamic change in our industry. Wayne informed me earlier this year that he was considering stepping down at some point in 2016 in order to spend more time with his family and to focus on charitable causes which have become increasingly important to him. Given the progress we have made with regard to the regulatory review of our Cigna acquisition and the work underway to identify the new leadership team for the combined company, Wayne felt that it would be best to step down from his role at this point."
Gallina is a 22-year veteran of the insurance provider and will also serve as EVP. He is currently senior vice president and CFO of Anthem’s Commercial and Specialty Business Division. His previous positions with Anthem include senior vice president, chief accounting officer and chief risk officer and top-level roles in internal audit and continuous improvement and comprehensive health services. Gallina will be instrumental in the company’s planned $54 billion merger with Cigna.
Swedish says "we are pleased to name John Gallina as Anthem’s Executive Vice President and Chief Financial Officer. John has been an instrumental member of our organization for many years. I have worked closely with John and I am confident that he has the expertise and readiness to take on this important responsibility as Chief Financial Officer for our company. John’s long tenure and experience in our Finance organization, together with his broad recognition as a leader within our company, will be invaluable as he begins this new role."
Gallina says the Cigna acquisition remains on-track to close in the second half of the year. "I am honored to assume the role of Chief Financial Officer at this important time in Anthem’s history. From a longer-term perspective, I am excited to have the opportunity to play a larger role as Anthem continues our work as America’s valued health partner in providing increased access to high quality healthcare." He is set to take on the new role June 1.