Aetna Names Alan M. Bennett Chief Financial Officer

HARTFORD, Conn., October 1, 2001 — Aetna (NYSE: ΑET) today announced the appointment of Alan M. Bennett as senior vice president and chief financial officer, reporting to David B. Kelso, executive vice president, Administration and Finance. Bennett had been serving as interim CFO since April 2001.

"Aetna has strengthened significantly its management team this year with the additions of Ron Williams as head of Health Operations, David Kelso as head of Administration and Finance, Dr. Bill Popik as chief medical officer and Wei-Tih Cheng as chief information officer," Aetna Chairman and CEO John W. Rowe, M.D., said. "Alan makes the team even stronger. His leadership and guidance have been invaluable during the past few quarters, and his contributions have been widely recognized by both internal and external constituents."

"Alan has demonstrated that he has the knowledge, experience and strategic skills necessary to help us execute a financial turnaround," Kelso said. "I am very much looking forward to working with him."

Bennett, 51, joined Aetna in 1995 as chief financial officer of Aetna Business Resources. He was named vice president and director of Internal Audit in 1997 and vice president and corporate controller in 1998. He has been responsible for accounting and reporting, accounting policy, and tax and tax planning. A graduate of Susquehanna University, Bennett holds a B.S. degree in accounting and is a certified public accountant.

Aetna is the nation's leading provider of health care and related group benefits, serving 18.1 million health care members, 13.9 million dental members and 11.7 million group insurance customers.

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