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Capital BlueCross Formalizes Leadership Team; Elects Lehr President and CEO
Date:10/29/2008

Drnevich also elected to executive role

Former CEO Mead appointed ongoing advisor

Taylor elected First Vice Chair and Lead Independent Director

HARRISBURG, Pa., Oct. 29 /PRNewswire/ -- The Board of Directors of Capital BlueCross on Friday formalized the company's ongoing leadership team.

Board Chairman William Lehr, Jr. was unanimously elected President and CEO. Mr. Lehr has been fulfilling chief executive responsibilities on an interim basis since the Sept. 15 resignation of former President and CEO Anita M. Smith.

"Bill Lehr is the ideal person to lead this company at this time," said Kathryn P. Taylor, who was unanimously elected Friday to be the Board's First Vice Chair and its Lead Independent Director. Taylor has been a member of the Capital BlueCross Board since 2002. "On behalf of the Board, I thank Bill for agreeing to serve in this ongoing role."

Mr. Lehr is the former Senior Vice President, Treasurer and Secretary of The Hershey Foods Corporation. He was first elected to the Capital BlueCross Board in 1988 and began his tenure as Chairman in 2004.

The Board also unanimously elected Board Member Ronald J. Drnevich to be the company's Senior Executive Vice President and Vice Chairman of the Board. And Mr. Lehr appointed current Board Member and Vice Chairman, James M. Mead, to serve as Special Advisor to the President and CEO.

Like Mr. Lehr, Mr. Drnevich and Mr. Mead have been serving in interim executive posts since Ms. Smith's resignation.

Mr. Drnevich is the former CEO and Chairman of Gannett Fleming, Inc., an international engineering services firm. He has been on the Capital BlueCross Board since 2006. Mr. Mead was the CEO of Capital BlueCross for 19 years. He has been a member of the Board since 1984 and has been a Vice Chair since 2004.

"Ron and Jim each are world-class CEOs, and I am fortunate to have them at my side," said Mr. Lehr. "Ron will se
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SOURCE Capital BlueCross
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