Advertisement

Local News

News > Local News > Anthem's Joe Swedish To Step Down As CEO Says Wall Street Journal

Anthem's Joe Swedish To Step Down As CEO Says Wall Street Journal

The newspaper says Swedish will be succeeded as CEO by Gail Boudreaux, former chief executive of UnitedHealth Group.

INDIANAPOLIS -- Joe Swedish, the chairman, President and CEO of Indianapolis-based Anthem Inc., will be stepping down in his role as CEO of the company according to The Wall Street Journal.

The report says Swedish will be replaced as CEO by Gail Boudreaux, the former chief executive of UnitedHealth Group.  The newspaper didn't say when the transition would begin, but the plan is expected to be announced soon.  Swedish could receive around $26.5 million from Anthem upon his retirement.

Swedish became CEO of Anthem in 2013 after previous CEO Angela Braly was forced to leave the company as investors expressed their displeasure with how they felt she had been leading the company. 

Swedish became Anthem's chairman in 2015.  

Anthem is the second-largest insurance provider in the United States.  The company's headquarters are on Monument Circle in Indianapolis.

According to Inside Indiana Business, Anthem reported a third quarter net income of $746.9 million, up from $617.8 million during the third quarter in 2016. 

Earlier this year, Anthem had planned a $48 billion merger with Cigna  until the deal was stopped by a federal judge who ruled that it would be a violation of antitrust laws.  However, there were subsequent reports of disagreements between Swedish and Cigna's CEO David Cordani over the terms of the merger.  The two companies are engaged in an ongoing court battle seeking billions of dollars since the merger was blocked.

 

Photo credit: Provided to the media by Anthem, Inc.

STATEWIDE - As you make plans to do your Christmas shopping over the next several weeks, police are warning you to...
FORT WAYNE, Ind. -- A man is dead after a Thanksgiving night robbery at a Fort Wayne gas station. The Fort Wayne...
INDIANAPOLIS – In the spirit of Small Business Saturday on Nov. 25, Indiana Originals is hosting their second...
INDIANAPOLIS -- Unless the homicide rate takes a drastic, and immediate, drop over the remaining five weeks of the...
KOKOMO, Ind. – A Kokomo man has been charged in the death of an eight-week-old boy. Police say Jaquail Smith, 22,...