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Baxter International Inc. Names Chairman and CEO of Wellmark Blue Cross Blue Shield to Board of Directors
DEERFIELD, Ill., September
22, 2003 -- Baxter International Inc. (NYSE:BAX) today announced that
John D. Forsyth has been elected to serve as a member of its board of
directors. Forsyth, age 56, is currently the chairman and CEO of Wellmark
Blue Cross Blue Shield.
Forsyth was appointed
president and CEO of Blue Cross Blue Shield of Iowa and South Dakota in
August 1996 and was appointed chairman and CEO in April 2000. Prior to
that, Forsyth spent more than 25 years at the University of Michigan Health
system, holding a number of positions including president and CEO.
"John brings
extensive experience running one of the most highly regarded hospital
systems in the United States, as well as the experience of running a large
health insurance company," said Harry M. Jansen Kraemer Jr., Baxter
chairman and chief executive officer. "We are looking forward to
the unique perspectives on the economics of health care and various industry
trends that he will bring to our board."
Forsyth is a past
president of the Federation of Iowa Insurers, and past chairman of the
board and executive committee of the United Way of Central Iowa and the
Greater Des Moines Partnership. He also served as chairman of the investment
committee for the Association of American Medical colleges and is a member
of the University of Iowa Board of Regents. At the request of Iowa Governor
Tom Vilsack, Forsyth recently prepared recommendations for the Governor
relative to teacher compensation. In 2001, Vilsack nominated Forsyth for
the National Governors Association Distinguished Service to State Government
Award.
Forsyth received
a bachelor's degree in business administration and a master's degree in
economics from Michigan State University.
Forsyth is a contributing
editor for Hospital and Health Services Administration, the Journal of
the American College of Health Care Executives and has also authored or
co-authored numerous articles regarding health insurance and health care
systems.
Baxter International
Inc., through its subsidiaries, assists health-care professionals and
their patients with treatment of complex medical conditions, including
cancer, hemophilia, immune disorders, kidney disease and trauma. The company
applies its expertise in medical devices, pharmaceuticals and biotechnology
to make a meaningful difference in patients' lives.
FOR
ADDITIONAL INFORMATION:
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Media
Contact:
Deborah Spak,
847-948-2349
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