For Release: Immediate

Fullwood Named Executive Vice President and Chief Financial Officer of HIP Health Plans

New York, N.Y. July 20, 2000 – Michael D. Fullwood has been named Executive Vice President and Chief Financial Officer of HIP Health Plans. Mr. Fullwood, previously a Senior Vice President, has been serving as Corporate Secretary and General Counsel since his arrival at HIP in 1998. He will continue to fill those roles in addition to his new responsibilities.

Anthony L. Watson, Chairman & C.E.O. said that Mr. Fullwood’s demonstrated ability and diverse background made him a natural choice to take on more responsibility. "Michael served in legal, financial, administrative and management capacities before joining HIP," Mr. Watson said. "We are fortunate to have an individual of his high talent and ability in key positions during a significant time in the history of HIP and a tumultuous time in the history of health care."

Steven S. Titan, who served as HIP’s Chief Financial Officer since 1997, resigned to pursue other interests. "HIP deeply appreciates Steve’s efforts for HIP during a difficult time of change and we wish him every success in his future ventures," Mr. Watson said.


A biography of Mr. Fullwood