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    Gail K. Boudreaux

    President and CEO at Elevance Health Inc
    Board
    Since November 2017
    Age
    64 years
    Education
    Holds an M.B.A. from Columbia Business School and a B.A. from Dartmouth College.
    Tenure
    Joined Elevance Health (ELV) in November 2017 as President and Chief Executive Officer, building on a robust background in healthcare, insurance, and consulting.

    Also at Elevance Health Inc

    BWT
    Blair W. Todt
    EVP and Chief Legal and Administrative Officer
    FFN
    Felicia F. Norwood
    EVP and President of Government Health Benefits
    MBK
    Mark B. Kaye
    EVP and CFO

    About

    Gail K. Boudreaux is a seasoned leader in the healthcare industry with extensive personal and professional achievements. At 64 years of age , her impressive career spans decades of progressively responsible roles in major healthcare companies, which has shaped her reputation as a strategic and innovative executive.

    Since joining Elevance Health in November 2017 , she has served as the President and Chief Executive Officer, spearheading initiatives that leverage her expertise in healthcare delivery, technology, and regulatory strategy. Her leadership at ELV marks a significant chapter in her career, reflecting a commitment to organizational transformation and sustainable growth.

    Beyond her executive responsibilities at ELV, Gail has held various leadership positions across the healthcare sector, including roles at UnitedHealth Group, Health Care Service Corporation, and Aetna. Her board memberships and public service on organizations such as Target Corporation further support her strong influence in the industry.

    $ELV Performance Under Gail K. Boudreaux

    Past Roles

    OrganizationRoleDate RangeDetails
    GKB Global Health, LLC Founder and CEO 2015 to November 2017 Healthcare consulting firm
    UnitedHealth Group Incorporated CEO of UnitedHealthcare (subsidiary) 2011 to 2014
    UnitedHealth Group Incorporated Executive Vice President 2008 to 2015
    UnitedHealth Group Incorporated President, Commercial Business of UnitedHealthcare 2008 to 2010
    Health Care Service Corporation Executive Vice President of External Operations 2005 to 2008
    Health Care Service Corporation President of Blue Cross and Blue Shield of Illinois 2002 to 2005
    Aetna, Inc. Various Leadership Positions including Senior Vice President, Group Insurance 1983 to 2002 Managed healthcare company

    External Roles

    OrganizationRoleDate RangeDetails
    Target Corporation Director Since 2021
    The Business Roundtable Member N/A
    Business Council Chair N/A

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$1,600,000AnnualRemained unchanged from 2022; no increase approved
    Tax Equalization Payments$320,985As incurredReimbursement for additional non-resident state taxes
    Corporate Aircraft Usage$193,840AnnualValue of corporate aircraft usage provided
    DEC Cash Credits$27,000AnnualCash credits under Deferred Executive Credits program
    DEC Core Credits$27,000AnnualCore credits under Deferred Executive Credits program
    401(k) Plan Match$16,500AnnualCompany match for 401(k) contributions
    Deferred Compensation Plan Match$255,635AnnualCompany match for Deferred Compensation Plan

    Performance Compensation

    Data from  FY 2023

    Performance Compensation Overview

    Performance Stock Units (PSUs)

    • Grant Date: March 1, 2023.
    • Grant Date Fair Value: $7,899,872 at target performance.
    • Grant Date Stock Price: $469.03 per share.
    MetricWeightingThresholdTargetMaximum
    Cumulative Adjusted Net Income60%30% payout (undisclosed) 100% payout (undisclosed) 200% payout (undisclosed)
    Cumulative Operating Revenue40%30% payout (undisclosed) 100% payout (undisclosed) 200% payout (undisclosed)
    • Vesting Schedule: All PSUs vest on March 1, 2026 after completion of the 2023-2025 performance period.
    • Additional Details: Dividend equivalents accrue during the vesting period and are paid if the PSUs vest.

    Annual Incentive Plan (AIP)

    • Target Award: $3,200,000.
    • Payout Range: From 30% to 200% based on performance with an overall modifier of 80% to 120%.
    • Performance Metrics and Weightings:
      • Adjusted Net Income: 50%
      • Operating Revenue: 20%
      • Improving the Health of Humanity: 10%
      • Star Ratings: 10%
      • Consumer Effort: 10%
    • Threshold / Targets:
      • Threshold: $960,000
      • Target: $3,200,000
      • Maximum: $6,400,000
    • Evaluation Period: 2023 (annual performance evaluation)
    • Actual Results: Final Award was $3,648,000, representing 114% of the target.
    • Vesting: Not applicable as this is a cash incentive plan.

    This overview summarizes the performance-based components for 2023 including detailed performance metrics, payout ranges, vesting schedule for PSUs, and overall AIP targets with their respective weightings and evaluation criteria.