WellPoint, Inc. today<br /> announced that chairman, president and CEO, Larry C. Glasscock, and<br /> incoming president and CEO, Angela F. Braly, together with its Board of<br /> Directors, asked for and received the resignation of David C. Colby,<br /> WellPoint's chief financial officer. Concurrently, the Board has appointed<br /> Wayne S. DeVeydt as executive vice president and chief financial officer.<br /> All changes are effective immediately.<br />     Based on an investigation performed by external legal counsel, it was<br /> concluded that David Colby violated the company's code of conduct. However,<br /> the investigation did not reveal illegal conduct and the policy violations<br /> were in no way related to the business of WellPoint. Given the non-business<br /> nature of the violations, the company will make no further comment on the<br /> circumstances resulting in the resignation.<br />     "Our company is committed to adhering to the highest standards of<br /> conduct," said Glasscock. "This resignation is in no way related to the<br /> company's performance or financial condition, both of which remain strong."<br />     DeVeydt has served as WellPoint's senior vice president and chief<br /> accounting officer since March 2005. In addition, DeVeydt assumed<br /> responsibility for investor relations and became chief of staff to Larry<br /> Glasscock in 2006. Prior to joining WellPoint, DeVeydt served with<br /> PricewaterhouseCoopers LLP in many roles since 1996, including most<br /> recently as the lead engagement partner for a number of large, national<br /> managed care and insurance companies.<br />     "Wayne was brought into WellPoint more than two years ago as a<br /> potential successor to the chief financial officer and we look forward to<br /> his leadership as we seamlessly transition this role," Glasscock said.<br /> "Wayne is extremely well-regarded both inside and outside WellPoint for his<br /> financial expertise, business acumen, leadership and personal integrity."<br />     "The company confirms the accuracy of our financial statements and<br /> practices, and our forward-looking guidance relative to the financial and<br /> operational performance of the company," said Braly. "WellPoint has a<br /> strong management team and exceptionally capable leaders running our<br /> businesses. Our growth strategy has us well positioned for the future, and<br /> we will quickly work through this transition with a clear focus on our<br /> business priorities."