Public Company Report – McLane and Beverly

Fort Smith-based Beverly Enterprises Inc. announced on Oct. 5 that James W. (Jamie) McLane has been elected to fill an additional seat on the company’s board of directors. McLane, 61, has served in senior executive positions in the health care, insurance and banking industries, as well as with the federal government.

rMcLane earned a bachelor of arts degree from Yale University and a master’s degree in business administration from Harvard Business School. He served as a U.S. Navy officer in the Pacific during the Vietnam War.

rFrom 1997 to early 2000, he was president and chief operating officer of NovaCare Inc., a leading physical rehabilitation firm, which was sold in late 1999. He previously served as executive vice president of Aetna Life & Casualty and as chief executive officer of Aetna Health Plans.

rPrior to joining Aetna in 1991, McLane worked for 17 years in positions of increasing responsibility with Citicorp’s investment banking and global insurance businesses.

rHe previously held senior positions in the executive branch of the federal government, serving from 1969 to 1974 as executive assistant to the Secretary of the Department of Health, Education and Welfare, as staff assistant to the President, and as deputy director of the Cost of Living Council, managing the country’s wage and price controls program.

rMcLane also serves as a Board Director of HealthAxis.com, UltraTouch Inc. and Axiom Venture Partners. He is a former chairman of Outward Bound USA and is involved with various civic organizations in his hometown of Philadelphia.