For the third consecutive year, David C. Colby, WellPoint, Inc.’s executive vice president and chief financial officer, has been named the best chief financial officer in America for the managed care sector by Institutional Investor magazine. This is Institutional Investor magazine’s third annual ranking of CFOs.
Colby ranked highest in the managed care sector resulting from an Institutional Investor magazine survey of nearly 1,400 portfolio managers and sell-side equity analysts. They represent more than 400 firms who were asked to identify the most noteworthy financial executives. Those polled represent $5.4 trillion in equity holdings.
“This well-deserved recognition for Dave is a true testament to the hard work, dedication and guidance that he and the entire WellPoint Finance team provide to our company and the investment community,” said Larry C. Glasscock, WellPoint’s chairman, president and chief executive officer. “The fact that Dave has now received this honor three years in a row, speaks for itself. He truly does an outstanding job as our CFO.”
Colby is featured, along with other winning CFOs, in Institutional Investor magazine’s March 2006 issue.
An Indiana-based company,WellPoint, Inc. identifies itself as the largest publicly traded commercial health benefits company in terms of membership in the United States. WellPoint, Inc. is an independent licensee of the Blue Cross Blue Shield Association.
Source: WellPoint, Inc.