After a rewarding career as chief executive officer of four corporations including BenefitPoint, McKesson Corporation, Sandoz Pharmaceuticals Corporation and Redline Healthcare Corporation, Mark and his family look forward to a semi-retired lifestyle and more time together as they relocate to San Diego.

"Mark has done an excellent job building the company and providing leadership to make BenefitPoint the industry standard," said Samuel Colella, BenefitPoint board member and general partner of Institutional Venture Partners.

"To ensure an orderly and smooth transition process, Mark has worked diligently with the board of directors during the last five months on his successor and the addition of new board members," said Tom Stephenson, BenefitPoint board member and general partner of Sequoia Capital.

An internal promotion, Randazzo has been at BenefitPoint for the past two years, working closely with Pulido as executive vice president, focusing on strategy and insurance carrier operations. In years prior to joining BenefitPoint, Randazzo demonstrated his capacity to serve as an excellent leader and industry specialist. He was at Warburg & Pincus in its Private Equity Group, was president and chief executive officer of Women's Health Connecticut, held the position of president and chief executive officer of Value Oncology Science and was co-founder, chief executive officer and chief financial officer of Managed Health Network, a behavioral health company now owned by Foundation Health. Randazzo was also instrumental in the formation of Value Health Inc., handling acquisitions and product development.

"John brings extensive managed care expertise as well as continuity in leadership to BenefitPoint management. We welcome his carrier expertise and overall business acumen as we accelerate our momentum forward," said Stephenson.

"John's history of creating shareholder value and building great companies provides a consistency in our strategy and leadership position," said Colella.

"I am delighted to accept this new responsibility with BenefitPoint and look forward to continuing our leadership role in the employee benefits industry," said Randazzo, president and chief executive officer of BenefitPoint.

About BenefitPoint, Inc.
BenefitPoint delivers the leading Internet-based employee benefits infrastructure for the distribution and management of group insurance and financial products. As the central nervous system of the employee benefits industry, BenefitPoint provides a complete set of industry services enabling benefits professionals to manage the entire group health insurance and benefits lifecycle. We provide: client management, eprocurement, online benefits communications, enrollment and administration tools, employee benefit and worksite products and analytics and data mining.

Building on the existing industry relationships among carriers, brokers, employers, and employees, the BenefitPoint solution combines the efficiency of the Internet with the established distribution model of the insurance industry to eliminate paper, to make it possible to deliver more products and services, and to make better information available.

Since general availability in February 2000, BenefitPoint has received widespread industry adoption from over 30 regional and national insurance carriers as well as over 160 of the leading U.S.-based brokerage and consulting firms. The company, headquartered in San Francisco, CA, may be reached at 415.277.5600 or at www.benefitpoint.com. BenefitPoint, Inc. is privately held.