Angela Braly

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Angela Braly (née Fick)
Born (1961-07-01) July 1, 1961 (age 53)
Dallas, Texas
Nationality American
Alma mater Texas Tech University
Southern Methodist University
Known for Ex-President & CEO, WellPoint, Inc.

Angela F. Braly (born July 1, 1961 in Dallas, Texas) is an American executive. She served as President and Chief Executive Officer for WellPoint, Inc., a large US-based health care company, and was a member of the company's board of directors. She assumed those responsibilities on June 1, 2007, following several high-profile roles for the company. She resigned on August 28, 2012 due to shareholder criticism.[1]

Early life[edit]

Angela Braly received her undergraduate degree from Texas Tech University in 1982 and her Juris Doctor from Southern Methodist University School of Law.[2] She graduated from Richardson High School in 1979.[3]

Career[edit]

She was a partner in the St. Louis law firm of Lewis, Rice & Fingersh, L.C.

In January 1999, she joined WellPoint as general counsel for RightCHOICE (currently Anthem Blue Cross and Blue Shield in Missouri). She also oversaw the Missouri plan's government relations efforts. During that time, she managed the legal strategy resulting in the creation of The Missouri Foundation for Health, which serves the health care needs of underinsured and uninsured people in Missouri. She later became president and CEO of the Missouri plan, managing all aspects of the business and setting strategies to meet customer needs.

She served as executive vice president, general counsel and chief public affairs officer for WellPoint. In that role, she was responsible for public policy development, government relations, legal affairs, corporate communications, marketing, and social responsibility initiatives. She also had operational responsibility for the nation's largest Medicare claims processing business and the federal employee health benefits business. Braly was also a key strategist during WellPoint's acquisition of New-York based WellChoice in 2005.

On February 24, 2010, Braly gave testimony to Congress defending Wellpoint's insurance premium increases.Pear, Robert (February 24, 2010). "Health Insurance Executive Defends Higher Premiums". New York Times. Retrieved 2010-02-24.  Braly became chairwoman of the Wellpoint board on March 1, 2010.[4]

She serves as Vice-Chairman of the Executive Committee of The Business Council for 2011 and 2012.[5]

She was recognized by the St. Louis Business Journal as one of the 25 Most Influential Women in Business for 2000 and was named one of Modern Healthcare's Top 25 Women in Healthcare in 2007. Forbes listed Braly as the sixteenth most powerful woman in the world in 2007,[6] fourth most powerful in 2008,[7] and eighth most powerful in 2009.[8] Fortune ranked Braly the fourth most powerful woman in business in America in 2007,[9] fifth most powerful in 2008.,[10] and fourth most powerful in 2009.[11]

In May 2013, Braly was named by Indiana Governor Mike Pence to the board of the Indiana Economic Development Corporation.[12]

Personal life[edit]

As of April 2009, Braly had the 306th highest compensation for a US CEO, having earned $4.07 million,[13] which is 74th among females.[14] She owns $4.6 million worth of WellPoint stock, or .02% of the company.[13] In 2007, Braly earned $14.86 million, mostly in stock options.[15] Total compensation was $8.7 million in 2008 and $13.1 million in 2009.[16]

She generally supports Republican political candidates with campaign contributions.[17]

References[edit]

  1. ^ "WellPoint's CEO Braly Resigns Amid Shareholder Criticism". Bloomberg. 
  2. ^ Forbes - This Won't Hurt a Bit
  3. ^ "Braly, Angela F.". Current Biography Yearbook 2011. Ipswich, MA: H.W. Wilson. 2011. pp. 76–79. ISBN 9780824211219. 
  4. ^ Lee, Daniel (February 4, 2010). "Braly to chair WellPoint board". Indianapolis Star. Retrieved 25 February 2010. [dead link]
  5. ^ The Business Council, Official website, Executive Committee
  6. ^ Whelan, David (2007-08-30). "#16 Angela Braly". Forbes. Archived from the original on 28 April 2009. Retrieved 2009-05-10. 
  7. ^ Schmall, Emily (2008-08-27). "#4 Angela Braly". Forbes. Archived from the original on 1 May 2009. Retrieved 2009-05-10. 
  8. ^ Casserly, Meghan (08.19.09). "#8 Angela Braly". Forbes. Retrieved 2009-08-20. 
  9. ^ Benner, Katie; Levenson, Eugenia; Arora, Rupali. "4. Angela Braly". Fortune. Retrieved 2009-05-10. 
  10. ^ "5. Angela Braly". Fortune. 2008-10-16. Retrieved 2009-05-10. 
  11. ^ "4. Angela Braly". Fortune. 2009-09-15. Archived from the original on 13 January 2010. Retrieved 21 January 2010. 
  12. ^ Cook, Tony (7 May 2013). "Former WellPoint CEO appointed to IEDC board". Indianapolis Star. Retrieved 7 May 2013. 
  13. ^ a b "#306 Angela F Braly". Forbes. 2009-04-22. Archived from the original on 10 June 2009. Retrieved 2009-05-10. 
  14. ^ DeCarlo, Scott; Zajac, Brian (09.10.08). "The Highest-Paid Women In Corporate America: Methodology". Forbes. Retrieved 2009-05-10. 
  15. ^ IndyStar.com - For Hoosier CEOs, '07 pay was plentiful. Accessed June 21, 2008.
  16. ^ Helfand, Duke (April 2, 2010). "WellPoint hikes CEO's pay package". Los Angeles Times. Archived from the original on 6 April 2010. Retrieved 3 April 2010. 
  17. ^ "Angela Braly Political Campaign Contributions". NewsMeat. Retrieved 2010-02-25. 

External links[edit]