Lowe's appoints former WellPoint CEO to its board

Lowe's has named former Wellpoint CEO Angela Braly to its board of directors, the company announced Friday.

“As former chair and CEO of a publicly traded company, Angela has strong executive leadership and strategic management skills that will be an asset to this board,” said Robert A. Niblock, Lowe’s chairman, president and CEO. “She also brings a wealth of experience and insights in critical areas such as consumer marketing, communications and public relations.”

Braly's term on the audit and governance committees is effective immediately and expires at Lowe's 2014 annual meeting of shareholders. Braly also serves on the board of The Procter & Gamble Co.

Braly was president and CEO of Wellpoint, a health benefits company based in Indianapolis, from 2007 and 2012. She also served as chair of its board from 2010 through 2012. Prior to her role at Wellpoint, she was president and CEO of Blue Cross Blue Shield of Missouri from 2003 to 2005.

With the addition of Braly, the board at Lowe's will be comprised of 12 members, 11 of whom are independent.