BenefitPoint Announces Appointment of John Randazzo as President and Chief Executive Officer; Mark A. Pulido to Continue Leadership as Chairman of the Board.Business Editors SAN FRANCISCO--(BUSINESS WIRE)--Oct. 17, 2001 BenefitPoint, the leading eInfrastructure company for the distribution and management of employee benefits, today announced the promotion of John Randazzo to president and chief executive officer. Randazzo succeeds Mark A. Pulido, who will remain in a leadership position for BenefitPoint as chairman of the board. After a rewarding career as chief executive officer of four corporations including BenefitPoint, McKesson Corporation, Sandoz Pharmaceuticals Corporation and Redline red·line v. red·lined, red·lin·ing, red·lines v.intr. 1. To refuse home mortgages or home insurance to areas or neighborhoods deemed poor financial risks. 2. Healthcare Corporation, Mark and his family look forward to a semi-retired lifestyle and more time together as they relocate to San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. . "Mark has done an excellent job building the company and providing leadership to make BenefitPoint the industry standard," said Samuel Colella, BenefitPoint board member and general partner of Institutional Venture Partners. "To ensure an orderly and smooth transition process, Mark has worked diligently dil·i·gent adj. Marked by persevering, painstaking effort. See Synonyms at busy. [Middle English, from Old French, from Latin d with the board of directors during the last five months on his successor and the addition of new board members," said Tom Stephenson Tom Criddle Stephenson (1893-1987) was a British journalist and a leading champion of walkers' rights in the countryside. He was for many years (from 1948 on) the Secretary of the Ramblers' Association. , BenefitPoint board member and general partner of Sequoia Capital Sequoia Capital is a venture capital firm founded by Don Valentine in 1972. The firm's partners include Don Valentine, Pierre Lamond, Michael Moritz, Doug Leone, Mike Goguen, Mark Stevens, Jim Goetz, Sameer Gandhi, Roelof Botha, and Mark Kvamme. . An internal promotion, Randazzo has been at BenefitPoint for the past two years, working closely with Pulido as executive vice president, focusing on strategy and insurance carrier operations. In years prior to joining BenefitPoint, Randazzo demonstrated his capacity to serve as an excellent leader and industry specialist. He was at Warburg & Pincus in its Private Equity Group, was president and chief executive officer of Women's Health Women's Health Definition Women's health is the effect of gender on disease and health that encompasses a broad range of biological and psychosocial issues. Connecticut, held the position of president and chief executive officer of Value Oncology oncology /on·col·o·gy/ (ong-kol´ah-je) the sum of knowledge regarding tumors; the study of tumors. on·col·o·gy n. Science and was co-founder, chief executive officer and chief financial officer of Managed Health Network, a behavioral health Behavioral health was first used in the 1980's to name the combination of the fields mental health and substance abuse. As an example, an organization serving both mental health and substance abuse clients might refer to its practice as behavioral health or company now owned by Foundation Health. Randazzo was also instrumental in the formation of Value Health Inc., handling acquisitions and product development. "John brings extensive managed care expertise as well as continuity in leadership to BenefitPoint management. We welcome his carrier expertise and overall business acumen acumen Astuteness, perception, perspicacity as we accelerate our momentum forward," said Stephenson. "John's history of creating shareholder value and building great companies provides a consistency in our strategy and leadership position," said Colella. "I am delighted to accept this new responsibility with BenefitPoint and look forward to continuing our leadership role in the employee benefits industry," said Randazzo, president and chief executive officer of BenefitPoint. About BenefitPoint BenefitPoint delivers the leading Internet-based employee benefits infrastructure for the distribution and management of group insurance and financial products. As the central nervous system of the employee benefits industry, BenefitPoint provides a complete set of industry services enabling benefits professionals to manage the entire group health insurance and benefits lifecycle. We provide: client management, eprocurement, online benefits communications, enrollment and administration tools, employee benefit and worksite products and analytics and data mining. Building on the existing industry relationships among carriers, brokers, employers, and employees, the BenefitPoint solution combines the efficiency of the Internet with the established distribution model of the insurance industry to eliminate paper, to make it possible to deliver more products and services, and to make better information available. Since general availability in February 2000, BenefitPoint has received widespread industry adoption from over 30 regional and national insurance carriers as well as over 160 of the leading U.S.-based brokerage and consulting firms Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . The company, headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , CA, may be reached at 415.277.5600 or at www.benefitpoint.com. BenefitPoint Inc. is privately held. BenefitPoint is a trademark of BenefitPoint, Inc. All other company and product names mentioned here are trademarks of their respective owners. |
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