March 19 , 2001



Media Contacts: Charlie Harman
                           (404) 842-8980
                           Ken Ferber
                           (805) 557-6794 




THOUSAND OAKS, Calif. and ATLANTA, GA - WellPoint (NYSE: WLP), one of the nation's largest publicly traded health care companies, today announced the promotion of Rebecca A. (Becky) Kapustay to president, Blue Cross and Blue Shield of Georgia (BCBSGA), effective immediately. She replaces Richard D. Shirk who will serve as chairman of Cerulean Companies, the former parent company of BCBSGA. Shirk will report to WellPoint chairman and chief executive officer Leonard D. Schaeffer and will assist him in merger and acquisition activities.  
Based in the Atlanta headquarters of BCBSGA, Kapustay is responsible for managing all aspects of BCBSGA businesses and for setting strategies to meet customer needs. She also reports to Leonard D. Schaeffer and is a member of WellPoint's Office of the Chairman.  
"Becky Kapustay is one of our industry's most accomplished and innovative executives," said Schaeffer. "Her extensive experience in the Blue health plan system as well as her leadership, creativity and commitment to customers have been instrumental in helping Blue Cross of California (BCC) become one of the industry's most successful providers of health insurance. Her expertise in introducing innovative, choice-based products, improving service levels and increasing customer retention will be of great value to our Georgia customers."  
Kapustay has 28 years of experience in health insurance and managed care. She has worked for BCC for 22 years with responsibilities covering virtually every facet of health insurance management, and has held a number of key management positions with BCC since 1979. Most recently, Kapustay served as senior vice president of large group services. In that capacity, she instituted a renewed focus on customer service, quality initiatives and sales efficiency. Kapustay managed 2,500 associates and had responsibility for employer accounts representing over 2.5 million members.  
Prior to joining the Company in 1979, Kapustay worked for CNA Insurance Corporation and American Bankers Insurance Group. She is a graduate of the University of Pittsburgh and a Fellow of the Life Office Management Institute (FLMI).  
WellPoint also announced that several members of the current BCBSGA leadership team will assume key management positions within BCBSGA. Among those are Elaine Horne, finance; Mike Burks, chief actuary; Monye Connelly, network management; Mark Kishel, M.D., chief medical officer; Bob Yungk, market operations; and Neil Vannoy, Medicare intermediary operations.  
"These individuals are outstanding professionals," said Kapustay, "who have helped build the BCBSGA business through a focus on achieving customer satisfaction at all levels. I look forward to working with them in providing quality affordable health care to as many Georgians as possible."  
WellPoint was recently named Fortune magazine's Most Admired Heath Care Company for an unprecedented third consecutive year. And for the second consecutive year, WellPoint was named one of America's Top 25 Public Companies for Executive Women by the editors of Working Woman magazine. WellPoint serves the health care needs of nearly 9.7 million medical and over 42 million specialty members nationally through Blue Cross of California, Blue Cross and Blue Shield of Georgia and UNICARE. WellPoint companies offer a broad spectrum of quality network-based health products including open access PPO, POS and hybrid products, HMO and specialty products. Specialty products include pharmacy benefit management, dental, utilization management, vision, mental health, life and disability insurance, long term care insurance, flexible spending accounts, COBRA administration, and Medicare supplements.  
An operating subsidiary of WellPoint, BCBSGA serves approximately 1.9 million members and is the oldest and largest health benefits company in Georgia.  

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