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Board of Directors


Wellmark, Inc. Board of Directors
Wellmark of South Dakota, Inc. Board of Directors
  Thomas M. Cink
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Melanie C. Dreher
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John D. Forsyth
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Daryl K. Henze
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William C. (Curt) Hunter
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Paul E. Larson
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Angeline M. Lavin
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Terrence J. Mulligan
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Dave Neil
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Timothy Theriault
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Terri M. Vaughan
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John D. Forsyth
Chairman and Chief Executive Officer
Wellmark Blue Cross and Blue Shield

John Forsyth is Chairman and CEO of Wellmark, Inc.  Wellmark is the largest health insurer in both Iowa and South Dakota and issues or pays health benefit claims for more than 2 million Iowans and South Dakotans.


Forsyth joined Wellmark as CEO in August 1996 and was named chairman in 2000.  During his tenure, he has repositioned Wellmark Blue Cross and Blue Shield as a health improvement company dedicated to serving the people of Iowa and South Dakota. 


Under his leadership, Wellmark has achieved exceptional operating efficiencies and results.  As testament, medical trend and administrative costs for Wellmark now rank among the lowest in the nation.  Further, membership has grown by over 60 percent.


Believing that the extensive health care data maintained by Wellmark can be a powerful catalyst for action to improve community health, Forsyth has transformed the company's sharing of appropriate information with community leaders, policymakers, customers, and others. Complementing this approach, the company is currently on a journey to build a sustainable health care system by reducing the rate of increase in medical expenses and reducing the average rate increase to the level of the Consumer Price Index (CPI) by 2014. A significant component of this work includes improving the Well-Being of all Iowan's.  Forsyth is co-chairing a team that has been charged with developing a plan to Make Iowa the Healthiest State.  This plan will have a significant emphasis on changing the environment in which Iowans live, work and play and will be presented to Iowa Governor Terry Branstad this summer.


Before joining Wellmark, Forsyth served in a variety of executive roles over a 26-year career with the University of Michigan.  In 1985, he was named president and CEO of the University of Michigan Health System, one of the largest and most prestigious health systems in the nation. 


In April 2000, at Governor Tom Vilsack's request, Forsyth led a state-wide task force on teacher compensation, which resulted in precedent-setting changes to teacher pay in Iowa.  In April 2003, Forsyth was named by Governor Vilsack to the Iowa Board of Regents, and he served as president of the board from April 2004 to January 2005. 


The Wellmark Foundation, under Forsyth's leadership, focuses its philanthropic activities on key areas of health improvement for all Iowans and South Dakotans.  The Foundation awards more than $1.5 million annually to fund community-based health initiatives in Iowa and South Dakota.  Since 1997, over $18 million has been awarded to nearly 450 grant recipients.


A contributing author and editor for various publications throughout his career, including the Journal of the American College of Healthcare Executives, Forsyth served on the Detroit Branch of the Federal Reserve Bank of Chicago board of directors from 1992-1996 and was Chair from 1995-1996. 


Forsyth served as president of the Federation of Iowa Insurers, and is a member of the Iowa Business Council, serving as chair of that organization in 2004.  He has also chaired the board of directors of the Greater Des Moines Partnership, United Way of Central Iowa, and the Variety Club Annual Telethon.  In September 2003, he was elected to the board of directors of Baxter, International, Inc., and in May 2004 named chair of the Compensation Committee.  He is a member of the National Institute for Health Care Management (NIHCM) board of directors and currently serves as chairman of that organization.  He has chaired the Investment Committee of the Association of American Medical Colleges (AAMC) and in November, 2008 was named to their initial board of directors.  He served, and continues to serve, on numerous national committees of the Blue Cross and Blue Shield Association, including serving on its board of directors. 


In November 2008 Forsyth served as co-chair of the NAACP Des Moines Branch's 33rd Annual Freedom Fund Banquet, and under his leadership, Wellmark received the 2008 Better Business Bureau Integrity Award, the 2009 Sioux Empire Society for Human Resource Management Workplace Excellence Award, the 2010 Greater Des Moines Partnership Diversity Award, and the 2010 NAACP Merit Employer Award. In 2011, Forsyth was a recipient of the Diversity Journal CEO Leadership in Action Award


Thomas M. Cink, M.D.

Dr. Cink began his diagnostic radiology practice in Sioux Falls in 1981. His sub specialty is breast cancer screening and diagnosis. He received his undergraduate degree from the University of South Dakota in Vermillion and his medical degree from the University of South Dakota School of Medicine in Sioux Falls. He interned and completed his residency in diagnostic radiology at the Los Angeles County/University of Southern California Hospital in Los Angeles and completed a fellowship in chest and breast imaging at the University of Colorado Health Sciences Center in Denver. 


During his career, Dr. Cink has served on many committees and boards. He has been president of Medical X-Ray Center, served on the executive committees of the group’s main hospitals, and been president of the Alumni Board of Directors for Sanford USD School of Medicine.  Dr. Cink has chaired the Department of Radiology of the medical school.  He is a clinical professor of radiology, has published a number of research articles and continues to be involved in breast cancer research. 


After his fellowship in 1991, Dr. Cink, with the administration and key physicians at Sanford Hospital, started the Edith Sanford Breast Health Institute. Dr. Cink is Medical Director of BHI, which has had continued growth and today serves over 40,000 patients yearly for screening, diagnosis and management of breast cancer.  He is an active member of the Cancer Committee, Edith Sanford Clinical Committee, and the Edith 8.


Dr. Cink is certified in diagnostic radiology by the American Board of Radiology and is a member of the American College of Radiology, the Roentgen Ray Society, the Radiological Society of North America, the Society of Breast Imaging, the South Dakota State Medical Association, and the Seventh District Medical Society. He is a Fellow of the American College of Chest Physicians and is also a Fellow of the American College of Radiology.




Melanie C. Dreher, Ph.D., RN, FAAN

Dr. Dreher is Dean Emeritus of the College of Nursing of Rush University in Chicago, Illinois. From 1997 until 2006 she served as Dean of the University of Iowa College of Nursing where she established a professional Masters in Nursing which became a national model for professional nursing education. She was Dean of the School of Nursing at the University of Massachusetts from 1988 to 1997 and Dean of the School of Nursing at the University of Miami from 1984 to 1988.


In addition to her role in education administration, she has had a distinguished research career as the principal investigator of several community-based studies examining the health and development of women and children in Jamaica. Her research interests also include cross-cultural studies of the health care systems, the organization and financing of community health care and the effects of substance use on the health, development and task performance in adults and children. Dr. Dreher has served on several boards including hospitals and healthy systems, boards of health, nursing schools and colleges, federal government agencies and professional organizations.


Dr. Dreher is a graduate, magna cum laude, of Long Island University School of Nursing in Brookville, New York, and holds a doctorate in anthropology from Teachers College and Columbia University in New York City where she completed her dissertation with distinction. She has published numerous books, reports and articles and is a leadership development consultant in health care and education.




Daryl K. Henze
Lead Director

Daryl K. Henze has over 45 years experience in the auditing, accounting and finance area. He spent 36 years with the international accounting firm of KPMG LLP, 28 years as an audit partner, before retiring in 2001. He is currently consulting in the area of finance and accounting, and serves on three company boards of directors.


During his career with KPMG LLP, he served in a number of capacities including partner-in-charge of the Des Moines office audit practice, partner-in-charge of the manufacturing, retail and distribution practice, and he served on the firm's practice review committee. He served clients in a variety of industries including a number of the larger entities in the state of Iowa. He graduated from Minnesota State University Mankato with a Bachelors degree in accounting and was named the outstanding graduate of 1965.


Mr. Henze has served on numerous community, professional and political committees throughout his career. He currently is serving on the Board of Directors of Minnesota State University Foundation and the Iowa State University Foundation Board of Governors.  He is past president of the Iowa Society of Certified Public Accountants and the Des Moines Club and served on the Iowa Accountancy Examining Board for nine years, several of which as chairman.




William C. (Curt) Hunter, MBA, Ph.D.

William C. (Curt) Hunter is dean emeritus and professor of finance at the Henry B. Tippie College of Business at the University of Iowa.  He served as the Henry B. Tippie Dean from July 1, 2006, to June 30, 2012. Prior to his appointment as Tippie Dean, he was Dean and Distinguished Professor of Finance at the School of Business at the University of Connecticut.  He served as a senior official in the Federal Reserve System for more than 15 years in leadership positions in Washington, Atlanta and Chicago.  His last Federal assignment was as senior vice president and director of research at the Federal Reserve Bank of Chicago where he served on the bank’s management committee and was an associate economist on the Federal Open Market Committee, the Federal Reserve System's primary monetary policy group.


Dr. Hunter has held faculty positions at Emory University, Atlanta University, the University of Georgia and Northwestern University and was United States Treasury Advisor in Eastern and Central Europe.  He has consulted with foreign central banks and official agencies in Western, Central and Eastern Europe, Asia and Latin America.  He is a founding co-editor of the Journal of Financial Stability and the author of more than 80 scholarly articles and eleven edited books on banking and financial markets issues.


He currently serves on the boards of the Xerox Corporation, Nuveen Investments Mutual Funds and the Association for the Advancement of Collegiate Schools of Business. He is President of Beta Gamma Sigma, the International Business Honor Society and a member of the Council on Foreign Relations. 

A past president of the Financial Management Association and the Southern Finance Association, Dr. Hunter received a Career Achievement Award from the Kellogg Graduate School of Management at Northwestern University in 1992. He holds a Bachelor of Science degree from Hampton University and MBA and Ph.D. degrees from Northwestern University.





Paul E. Larson 

Paul E. Larson is a retired executive with ING Equitable of Iowa. He graduated with honors from Drake University in 1974 and with high honors from the University of Iowa College of Law in 1977. In 1982, he became a certified public accountant.


Mr. Larson spent his entire career at Equitable of Iowa. He joined the company in 1977 as a mortgage analyst and moved to the finance department as assistant treasurer in 1981. He was named chief financial officer in 1984, later adding responsibility for many of the company’s administrative and support areas. After ING acquired Equitable of Iowa in 1997, Larson was named president of Equitable’s two primary insurance companies, Equitable Life of Iowa and USG Annuity and Life Company. He served in that capacity until his retirement in 1999.


During his career, Mr. Larson served on several committees related to accounting and annuities with the American Council of Life Insurance. In 1999 he received the Iowa Society of CPA’s Outstanding CPA in Business and Industry Award and was inducted into the American Institute of CPA’s Business and Industry Hall of Fame in 2000.


Mr. Larson is a member of the Boards of Directors of GuideOne Mutual Insurance Company, GuideOne Specialty Mutual Insurance Company and FBL Financial Group, Inc. Over the years Mr. Larson has been active with numerous community groups and has served on the boards of the Convalescent Home for Children, the Des Moines Hearing and Speech Center, the Des Moines Botanical Center, Civic Music Association and United Way of Central Iowa.




Angeline M. Lavin, Ph.D., CFA

Angeline Lavin is a Professor of Finance in the Beacom School of Business at the University of South Dakota.  Prior to joining the faculty in 1997, she received a Bachelor of Science in Business Administration from USD, and her MBA and Ph.D. in Finance from the University of Nebraska. The author of numerous refereed journal publications, her responsibilities at USD include serving as director of the MBA and MPA Programs in addition to her teaching and research activities. Dr. Lavin is also the advisor of Coyote Capital Management, the student-managed investment fund at USD.


Professor Lavin is a member of the Sioux Falls Employees' Pension Board, the Sioux Falls Area Community Foundation Board and the Investment Committee for the Foundation for the Malcolm Baldrige National Quality Award.




Terrence J. Mulligan

Terrence J. Mulligan is a founding director of MedAssets, Inc., where he currently serves as vice-chairman of the board of directors, as well as chairman of the Governance and Nominating Committee and the Senior Advisory Board.


Mr. Mulligan retired in 1996 from Baxter International after serving 26 years with the company. He was group vice president of Health Systems, and prior to that was senior vice president of Corporate Sales and Marketing. He was a member of both the Senior Management and Operating Management Committees at Baxter. Mr. Mulligan also served 17 years on the Board of Visitors of the Henry B. Tippie College of Business at the University of Iowa.


Mr. Mulligan holds a B.S.S.E. from the University of Iowa. He served active duty in the United States Army from 1968 to 1970, and was stationed in Heidelberg, Germany. He was awarded the Army Commendation Medal as a First Lieutenant, for “Exceptionally Meritorious Service in Europe,” in 1970.

Mr. Mulligan served on the Baxter Foundation Board from 1990 to 1996. He was also on the board of the Children’s Miracle Network, an organization which has raised more than $3 billion for Children’s Hospitals in North America, from 1989–1995, and was the chairman of the Ethics Committee. Mr. Mulligan also serves on the board of Medical Specialties distributors in Boston, Massachusetts.


Mr. Mulligan has been recognized by two Iowa governors, being awarded the University of Iowa’s “Most Outstanding Athlete, Army Brigade of Cadets,” by Governor Harold Hughes in 1967, and the “Outstanding Individual Volunteer Award, State of Iowa,” presented by Governor Terry E. Branstad, in 1996. In 2001, Mary Sue Coleman, the president of the University of Iowa, presented Mr. Mulligan with the “Distinguished Alumni Award for Service.”






Dave Neil

Dave Neil started his career at the Waterloo John Deere Tractor Works in 1960 where he joined the United Auto Workers (UAW) Local 838. From 1960 to 1978, Mr. Neil held various Union positions, including steward, financial secretary, negotiator and secretary/treasurer of the UAW Agricultural Implement Council. In 1978 he was elected president of UAW Local 838 and in 1983 he was appointed to the UAW National staff and serviced local unions in Iowa. In 1995, he was elected president of the Iowa UAW community action program. In 1998 he was appointed to the Iowa Board of Regents. Upon his retirement from the UAW in 2005, he was appointed by the governor of Iowa to the position of Iowa labor commissioner. During those years, he also farmed. In 2013, he was elected mayor of LaPorte City.


Throughout his career, Mr. Neil has been active in politics and public service and has served on several boards and commissions, including the Governor's Task Force on Health Care, Health Policy Corporation of Iowa, Cedar Valley HMO, YMCA, Martin Luther King Community Center, Area VII Job Partnership Training Council, United Way, Iowa Farm/Labor Coalition, Workers' Compensation Advisory Board and the advisory board of the University of Iowa Labor Center, and the Iowa Chronic Care Consortium.






Timothy Theriault

Timothy Theriault is executive vice president and global chief information officer of Walgreens Boots Alliance, Inc. Prior to his current position, he served in leadership positions at Walgreens as senior vice president and chief information, innovation and improvement officer from 2012–2014 and as senior vice president and chief information officer from 2009–2012. Additionally, Mr. Theriault worked for Northern Trust Corporation from 1991 to 2009, as president of corporate and institutional services; he served as director of end user computing and advanced technologies for S. C. Johnson & Son, Inc., from 1989 to 1991; and held various positions for Northern Trust Corporation from 1982–1989. Mr. Theriault has served on customer advisory boards for Cisco Systems, Hewlett Packard, Sutter Hill Ventures and O’Connor and Associates. Mr. Theriault has served as a board member for the Depository Trust Clearing Corporation and the Make a Wish Foundation. He currently serves on the Oracle President's Council and is a board member for Falcon Insurance Company. In 2012, Mr. Theriault was inducted into the CIO Hall of Fame. Mr. Theriault received a B.A. in business administration from Illinois State University in Normal, Illinois in 1982, and completed the Advanced Management Program at Harvard University Business School in 2007.






Terri M. Vaughan, Ph.D.

Dr. Terri Vaughan served as Chief Executive Officer of the National Association of Insurance Commissioners (NAIC) from 2009 to 2012. As CEO, Dr. Vaughan was responsible for overseeing operations of the NAIC, including offices in Kansas City, New York and Washington, D.C.  She served as the association's primary representative and chief spokesperson in Washington. She also served as the chair of the Joint Forum based in Basel, Switzerland — a group of banking, insurance and securities supervisors created to address cross-sector and financial conglomerate issues. In addition, she was a member of the Executive Committee of the International Association of Insurance Supervisors.


Previously, Dr. Vaughan served as Iowa Insurance Commissioner and is a past NAIC President. In addition, she held a variety of positions in academia and regulation. She was the Robb B. Kelley Distinguished Professor of Insurance and Actuarial Science at Drake University, where she focused on the regulation and management of financial institutions.


Dr. Vaughan earned a Ph.D. in risk and insurance at the University of Pennsylvania and a Bachelor of Business Administration in insurance and economics at the University of Iowa. She is the co-author of two college textbooks on insurance. Dr. Vaughan is an Associate of the Society of Actuaries, a Chartered Property Casualty Underwriter, an Associate of the Casualty Actuarial Society, and a Member of the American Academy of Actuaries. 


She was named one of the top 25 living legends in insurance by National Underwriter in 2012, one of the 100 most influential people in health care by Modern Healthcare in 2011, and one of the 100 most powerful individuals in the insurance industry in North America by the insurance media in 2010 and 2011.



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