|Wayne S. DeVeydt|
Executive Vice President and
Chief Financial Officer
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Wayne S. DeVeydt serves as executive vice president and chief financial officer for WellPoint. He became chief financial officer in May 2007 and is responsible for overseeing the financial operations associated with the company’s $60 billion in annual revenues. Mr. DeVeydt has a keen understanding of the public equity markets, strong management skills to ensure rigorous and effective financial controls, and plays a lead role in the direction of the company.
He is exceptionally skilled in planning, developing, supervising and implementing business strategies that achieve optimum productivity and cost efficiency. Mr. DeVeydt is often praised for his down-to-earth communications style that delivers key financial information in easy-to-understand terms.
Mr. DeVeydt leads the following areas: treasury functions, such as capital planning, investments and cash management; investor relations; budgeting and forecasting; financial reporting; tax planning and compliance; accounting; and internal audit and compliance. Additionally, he oversees the actuarial functions including pricing, product development, valuation, health care management support, forecasting and other types of actuarial analysis. Mr. DeVeydt is also responsible for WellPoint’s Strategy, International business, HealthyCare Solutions and Corporate Development.
Mr. DeVeydt joined WellPoint in March 2005 as senior vice president and chief accounting officer, responsible for the company's accounting and financial reporting, tax and financial systems. Mr. DeVeydt assumed responsibility for investor relations and became chief of staff to the chairman and chief executive officer in 2006.
Prior to joining WellPoint, Mr. DeVeydt was a partner with PricewaterhouseCoopers, LLP. Beginning in 1996, he served the firm in many leadership roles, including the lead engagement partner for a number of large, national managed care and insurance companies, including WellPoint Health Networks Inc. Mr. DeVeydt was the Financial Services site leader for both the St. Louis and Southern Illinois markets and served on the firm's national Sarbanes-Oxley Section 404 Advisory Committee.
Mr. DeVeydt was voted Best Managed Care CFO for 2012 by Institutional Investor. This is the third time that he has been recognized by the global publication. Mr. DeVeydt was also named Best Managed Care CFO in 2008 and 2011. He was recognized by the Indianapolis Business Journal as 2011 CFO of the Year in the Public Companies category.
Mr. DeVeydt is an active leader in his community and currently serves as a board member of the YMCA of Greater Indianapolis, which helps more than 185,000 people from diverse communities and provides more than $7 million in scholarships, program subsidies and underwritten programs in low-income communities. He also sits on the board of the Cancer Support Community, an international non-profit dedicated to providing support, education and hope to people affected by cancer. He previously served as a board member for The Children’s Museum of Indianapolis, the world’s largest children’s museum.
Mr. DeVeydt received a Bachelor of Science in Accountancy from the University of Missouri in St. Louis.