(Bloomberg) -- WellPoint Inc., the second-biggest U.S. health insurer, will reorganize into four business units in the first major move undertaken by interim Chief Executive Officer John Cannon.

In a memo sent to employees last week, Cannon says the changes will help smooth the integration of Amerigroup Corp., the insurer that Indianapolis-based WellPoint agreed to buy in July for $4.9 billion. The reorganization will put Amerigroup CEO James Carlson in charge of the combined company’s Medicaid business, while Chief Financial Officer Wayne DeVeydt remains in his job, according to the memo obtained by Bloomberg.

Register or login for access to this item and much more

All Employee Benefit News content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access