WellCare appoints new executive chairman, president and CEO

Mr Berg, previously served as CEO of Oxford Health Plans, while Mr Schiesser previously served as the company's senior vice president for marketing and sales from 2002 to 2006 and president of WellCare Prescription Insurance from 2005 to 2006. Both are also members of the company's board of directors. The company also announced that Todd Farha, the company's chairman of the board, CEO and president, Paul Behrens, the company's CFO and Thaddeus Bereday, the general counsel of the company have resigned from their respective positions with the company. Mr Farha, Mr Behrens and Mr Bereday have agreed to assist the new management by remaining as non-executive employees of the company until March 31, 2008. The company has initiated a search for a new CFO and general counsel and expects to complete the process in an expeditious manner. Ruben King-Shaw, Jr, director, said: "The board has confidence in these new executives. They will provide fresh leadership to the company to help meet the challenges and opportunities it faces."