Anthem turns to longtime executive to be next CFO
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Health insurer Anthem Inc. has named John Gallina to be executive vice president and chief financial officer.
Mr. Gallina succeeds Wayne S. DeVeydt, who is stepping down May 31 due to “family commitments and philanthropic work,” Anthem said Wednesday in a statement.
Indianapolis-based Anthem, which plans to acquire rival Cigna Corp. in the second half of this year pending necessary approvals, said in a Securities and Exchange Commission filing that Mr. DeVeydt’s decision to leave following nine years in the post does not involve a disagreement with the company.
A longtime Anthem executive since 1994 Mr. Gallina currently serves as senior vice president and CFO of Anthem’s commercial and specialty business. He’ll take up his new post on May 31, according to the statement.
Mr. Gallina’s base salary will be $750,000. He will be eligible for an annual bonus targeted at 100% of that salary, be paid $2,500 monthly under Anthem’s executive compensation plan and receive a promotional stock grant valued at $1 million, according to the SEC filing.
“John has been an instrumental member of our organization for many years,” Anthem Chairman, President and CEO Joseph R. Swedish said in the statement. “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.”
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