HARTFORD, Conn., August 28, 2003 — Aetna (NYSE: ΑET) today announced that David B. Kelso, executive vice president of Strategy & Finance, will be leaving Aetna when his current contract expires at the end of September.
“I’d like to thank David for his invaluable contributions to Aetna during this critical initial phase of our turnaround,” said Aetna Chairman and CEO John W. Rowe, M.D. “With his vision and energy, David was a major architect of Aetna’s new enterprise strategy. We will miss him, and we wish him well.”
A search for a successor will begin immediately. In the interim, Kelso’s direct reports will report to Dr. Rowe.
Kelso joined Aetna in September 2001; and is responsible for Strategy, Finance, Human Resources, Marketing and Communications. Previously, he held senior executive management positions at Chubb Corporation and First Commerce Corporation.
Aetna is one of the nation's leading providers of health care, dental, pharmacy, group life, disability and long-term care products, serving more than 13.0 million medical members, 11.3 million dental members and 11.7 million group insurance customers, as of June 30, 2003. The company has expansive nationwide networks of more than 579,000 health care services providers, including nearly 349,000 primary care and specialist physicians and 3,589 hospitals. For more information about Aetna, please visit the company's web site at www.aetna.com.