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Blue Cross promotes Wolf to chief financial officer


Blue Cross and Blue Shield of Maryland yesterday promoted its managed care guru to chief financial officer of the company.

David D. Wolf, 44, an accountant who joined Blue Cross in 1991 and has overseen the growth and profitability of the Blues' managed-care business, will assume the post immediately.

In announcing the change, William L. Jews, Blue Cross president and chief executive officer, said Mr. Wolf also will take on expanded oversight of the insurer's five managed care plans and assume a second title of senior vice president of managed care.

"By having all of our managed care operations report to one individual, we can better focus our efforts in managed care," Mr. Jews said.

The CFO post had been filled on an interim basis since James R. Swensen resigned for another job nine months ago.

Mr. Wolf had been president of CFS Inc., the holding company for four of the Blues' five health maintenance organizations. They do business as FreeState Health Plan, Potomac Health, Delmarva Health Plan and CareFirst. He was president of CareFirst when it was purchased by Blue Cross in 1991.

Mr. Wolf now will also oversee the fifth HMO, the Columbia Medical Plan, in addition to directing the company's finance, actuarial and contracting operations. He will continue to direct the growth of networks of doctors, hospitals and other medical providers for Blue Cross.

The Blues will begin a search for president of the CFS group to replace Mr. Wolf.

Also yesterday, Mr. Jews promoted Alfred J. Discepolo, chief operating officer of Columbia, to be its president.

The plan's long-time president, James E. Jordan, resigned this spring to head the Patuxent Medical Group, the doctor group that serves the plan.

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