VIRGINIA BEACH, Va., Nov. 7 /PRNewswire-FirstCall/ -- AMERIGROUP Corporation announced today that E. Paul Dunn Jr. is stepping down as Executive Vice President and Chief Financial Officer (CFO). His duties will be assumed by Sherri E. Lee, CPA, who previously served for seven years as the Company’s CFO and Treasurer.
Dunn is leaving the Company effective immediately. Lee, who recently agreed to serve as a consultant to AMERIGROUP on a range of financial issues, is now rejoining AMERIGROUP as Executive Vice President, Chief Financial Officer and Treasurer. She will hold that position until the Company names a permanent successor for Dunn.
“AMERIGROUP has confronted a number of significant challenges in recent months and Paul Dunn has assisted us in addressing those,” said Jeffrey L. McWaters, AMERIGROUP Chairman and Chief Executive Officer. “We thank him for his service and his contributions to our Company.
“We are extremely fortunate to have an able and experienced professional of Sherri Lee’s caliber to assume the position of Chief Financial Officer at an important time for AMERIGROUP,” McWaters said. “Sherri has extensive knowledge of the healthcare industry and is intimately familiar with our Company. Her experience, energy and good judgment were of enormous value to AMERIGROUP during her first tenure here, and we look forward to her leadership.”
Lee previously worked at AMERIGROUP for seven years, from 1998 to 2005. She served as Chief Financial Officer and Treasurer from March 1998 to May 2001 and as Treasurer from May 2001 to April 2005. She is a resident of Virginia Beach and graduated from California State University, Northridge with a degree in Accounting. Lee is also a Certified Public Accountant (CPA).
“I am proud to once again serve on the AMERIGROUP management team and to work with the talented group of professionals that leads this Company,” Lee said. “AMERIGROUP has excelled in addressing the healthcare needs of low- income Americans and will continue to lead the way in working with federal and state governments to control healthcare costs. I look forward to meeting the challenges we face and helping AMERIGROUP grow and succeed.”
AMERIGROUP Corporation, headquartered in Virginia Beach, Virginia, improves healthcare access and quality for low-income Americans by developing innovative managed healthcare services for the public sector. Through its wholly owned subsidiaries, AMERIGROUP serves more than 1 million people and operates in Florida, Georgia, Illinois, Maryland, New York, New Jersey, Ohio, Texas, Virginia and the District of Columbia. For more information, visit http://www.amerigroupcorp.com.
CONTACT: Media: Kent Jenkins Jr., Vice President, Communications, +1-757-518-3671, or Investors: Julie Loftus Trudell, Vice President, Investor Relations, +1-757-321-3597, both of AMERIGROUP Corporation.
AMERIGROUP Corporation
CONTACT: Media: Kent Jenkins Jr., Vice President, Communications,+1-757-518-3671, or Investors: Julie Loftus Trudell, Vice President,Investor Relations, +1-757-321-3597, both of AMERIGROUP Corporation
Web site: http://www.amerigroupcorp.com/
