Skip to content
Subscriber Only

WellPoint’s Amerigroup Deal Buying CEO Braly Time

Updated on

Angela Braly, the WellPoint Inc. chief executive officer under fire after cutting the insurer’s earnings forecast, may have until early 2013 to right the ship as her board awaits the close of the $4.9 billion Amerigroup Corp. acquisition announced last month.

The deal is the largest since Braly became CEO in 2007. It adds 3 million members to WellPoint’s rolls and is scheduled to be completed by March 2013. In the meantime, the board probably wants leadership to remain stable, said Erik Gordon, a University of Michigan business professor.