Business

PacifiCare CEO to be board chair

NEWS IN BRIEF — Posted March 15, 2004

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The board of Cypress, Calif.-based PacifiCare Health Systems Inc. has named President and CEO Howard G. Phanstiel board chair.

Phanstiel succeeds David A. Reed, who will continue as a member of the board and take on a new title, lead independent director, a position to be elected annually by the board.

The lead independent director is intended to act as a liaison between PacifiCare's management and the board.

Phanstiel came to PacifiCare in July 2000 as executive vice president and chief financial officer and was named president and CEO later that year.

Note: This item originally appeared at http://www.ama-assn.org/amednews/2004/03/15/bibf0315.htm.

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