Aetna Announces New Leaders in Health Care Management

HARTFORD, Conn., June 30, 2008 — Aetna (NYSE: AET ) today announced changes to its Health Care Management organization's leadership team that are designed to further enhance relationships with health care providers, expand quality improvement programs and intensify the organization's ability to meet market-level health care needs. In three new roles, Robert J. (R.J.) Franzoi has been appointed head of regional health care management, Allen Karp has been named head of network strategy, and Jay Krueger will join the organization as head of strategic planning and geographic development. They will report to Eileen Auen, head of Aetna Health Care Management.

"I am pleased to have R.J., Allen and Jay in these leadership positions," Auen said. "They have exceptional skill and experience in identifying customer needs -- including those of physicians, members and plan sponsors -- and developing collaborative, effective services, products and programs in response. Together with an already talented management team, we have strengthened our ability to increase access to high-quality and cost-effective health care for our members while making it easier for providers to do business with Aetna."

Franzoi will be responsible for guiding provider relationships and networks, developing quality improvement and member care programs, and overseeing compliance activities throughout Aetna's regional health care management organizations. He has been with Aetna for 22 years and has held various other management positions in customer service, network operations and contracting. He also served three years as general manager for Aetna's Central and Northeast Pennsylvania medical group business. Franzoi received his bachelor's degree from West Chester University in Pennsylvania.

Karp will be responsible for leading the development of new physician and provider network models to expand access to quality, cost-effective health care for Aetna's diverse customers. Previously, Karp served four years as Aetna's vice president of health care delivery, and prior to that as vice president of the national network contracting and strategy organization. Karp has been with Aetna a total of 10 years and held a variety of management positions in network, strategic planning, finance, mergers and acquisitions, and operations. He was also the chief operating officer of Camber Companies, a privately held network management company, and president and chief operating officer of Eastern Operations with MedPartners (now Caremark Rx).

Krueger will oversee strategy and planning in the areas of network management, care management and informatics/reporting. He will also work with local market teams to identify and address market-level health care needs including increasing access to multilingual, multicultural physicians and providers as well as culturally focused products and programs. Previously Krueger led strategy, product development and marketing for APS Healthcare, Inc., and prior to that he was a health care strategy consultant serving the payer, provider and health care services sectors. Krueger is a graduate of the United States Military Academy and received an M.B.A. from Cornell University.

About Aetna
Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 37.3 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, governmental units, government-sponsored plans, labor groups and expatriates.



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