Chief Financial Officer. About Us; David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Sarah London | 2022 Most Powerful Women. Except as may be otherwise required by law, we undertake no obligation to update or revise the forward-looking statements included in this press release, whether as a result of new information, future events or otherwise, after the date hereof. ST. LOUIS, March 22, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) announced today that Sarah London, Vice Chairman of Centene, has been appointed Chief Executive Officer, effective . FORTUNE magazine continuously ranks us as one of America's fastest-growing companies. "Sarah has infused an innovative mindset across the enterprise in her relentless effort to improve Centene's capabilities to provide the highest quality of care for our members.". 5.0 . I'm excited by the tremendous opportunity to leverage the size and scale of this Company to create true, sustaining value for our members, state partners, employees and shareholders. She started in data analytics at Optum and later was a partner in its venture capital arm. March 22, 2022 Centene Corporation (NYSE: CNC) announced today that Sarah London, Vice Chairman of Centene, has been appointed Chief Executive Officer, effective immediately, succeeding Michael Neidorff. Ms. London received a Bachelor of Arts in history and literature from Harvard College and a Master of Business Administration from the University of Chicago Booth School of Business. The most active insiders traders include Michael F Neidorff, Frederick H Eppinger, and Edward L Cahill. The Board and I are confident that she is the right visionary leader to increase value for our shareholders and author the next chapter of Centene's growth. Centene Profile and History . Neidorff remains on a previously announced medical leave of absence from his position on the board of the company. In 2010, she helped start a health care cost and quality data business for Accretive Health, a medical billing and debt collection company. Together, we can deliver innovative, integrated, and equitable care that meets our members where they live and exceeds their expectations. Kevin Carmichael: Canada's 'blowout' jobs report raises questions about the path of interest rates. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, https://investors.centene.com/. Executive Compensation Data Year: Trend Analysis As at CENTENE CORP, made $0 in total compensation. I'm excited by the tremendous opportunity to leverage the size and scale of this Company to create true, sustaining value for our members, state partners, employees and shareholders.". Oil Producers Hand $128 Billionto Investors as Doubts Grow About Future of Fossil Fuels, Your Saturday Briefing: Trumps Comeback Plan, Wall Street Whistles Away, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows, Italys CDP Is Nearing Offer for Telecom Italia Network. Published Mar 22, 2022 < 1 minute read. Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. -, Health Net Providing Special Assistance to Members Affected by Winter Storms, Centene to present at barclays 2023 global healthcare conference, Mizuho Securities Adjusts Centene Price Target to $80 From $92, Maintains Neutral Rating. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. She joined a four-member office of the chairman in February, when Centene announced that Neidorff was taking a leave of absence to deal with a medical condition. She later worked for the company that produced "E.T.". Centene, which sells an array of government subsidized health insurance including Obamacare, has been working for much of this year on a permanent successor to Neidorff, who in December announced his plan to retire later this year.London takes over a company that is a national player among the biggest . But how CEO Sarah London decides to move the company. All forward-looking statements included in this press release are based on information available to us on the date hereof. Centene, which sells an array of government subsidized health insurance including Obamacare, has been working for much of this year on a permanent successor to Neidorff, who in December announced his plan to retire later this year. Drew Asher. ", This is a BETA experience. MH magazine offers content that sheds light on healthcare leaders complex choices and touch pointsfrom strategy, governance, leadership development and finance to operations, clinical care, and marketing. This morning we reported second quarter revenues at $27.7 billion, an increase of 51% over the second quarter of 2019. In Illinois alone, over the same period, Centene grew from approximately 16,300 members in the Chicago area to nearly 1 million members in every county in the state. London has been a Centene executive since 2020. is attached hereto as Exhibit 99.1 and incorporated herein by reference. As Centenes first woman CEO, London has been instrumental in helping the insurer boost earnings and grow its core lines of business. Sarah's mailing address filed with the SEC is 7700, Forsyth Boulevard, Clayton, Saint Louis County, Missouri, 63105, United States. . Centene.com uses cookies. . By their nature, forward-looking statements involve known and unknown risks and uncertainties and are subject to change because they relate to events and depend on circumstances that will occur in the future, including economic, regulatory, competitive and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Sarah London, Centene CEO, joins 'Power Lunch' to discuss disruptions in the Medicaid market, collaboration between Centene and state agencies and data driven decision-making to improve. The Board and I are confident that she is the right visionary leader to increase value for our shareholders and author the next chapter of Centene's growth. Centene Corp.'s decision to cancel its planned East Coast hub in University City will cost Charlotte at least 3,000 expected jobs. I have been consistently impressed by Sarah's passion to serve our members, who are often the most vulnerable amongst us. Employees in the top 10 percent can make over $103,000 per year, while employees at the bottom 10 percent earn less than $33,000 per year. Centene has promoted Sarah London, the health insurance companys current board vice chair, to the job as Chief Executive Officer, succeeding the retiring Michael Neidorff, the company said Tuesday afternoon. JPMorgan Downgrades Centene to Neutral From Overweight, Adjusts Price Target to $90 Fro.. Analyst recommendations: BP, Centene, Experian, Intel, Walgreens.. CENTENE CORP Management's Discussion and Analysis of Financial Condition and Results . Share & Print. She spent two years working in film production management, first at Creative Artists Agency in Los Angeles, and then at Kennedy/Marshall Co., the company that produced E.T.. Ms. London previously served as the Company's Senior Vice President of Technology Innovation and Modernization, responsible for enterprise-wide technology strategy and execution with a focus on next-generation products and services. We salute the Veterans and members of military families who have joined our team. Sarah London is the Chief Executive Officer of Centene Corporation, a diversified healthcare enterprise providing a portfolio of government-sponsored healthcare programs focusing on under-insured and uninsured individuals to more than 26 million Americans. London has spent her career at the forefront of innovation . Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Pros. London is also dedicated to prioritizing wellness for employees, including through enhanced caregiver benefits. Brent Layton, President and Chief Operating Officer of Centene, stated, "Sarah brings a tremendous skillset to the leadership of Centene Corporation, and I'm excited to partner closely with her as Centene begins our journey into the next era of our history. She is on the Board of Directors at Centene Corp. Net income dropped 26% to $1.3 billion. By their nature, forward-looking statements involve known and unknown risks and uncertainties and are subject to change because they relate to events and depend on circumstances that will occur in the future, including economic, regulatory, competitive and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. And for those of us who are survivors of US health plans, top payer Centene, after 25 years of one man at the top, now has a new CEO, effective immediately. Centene elevated to the CEO job Sarah London, the company's vice chairman who has held technology [+] and strategy roles with the health insurer, the company said March 22, 2022. Schwaneke will report to Sarah London, President, Health Care Enterprises and Executive Vice President, Advanced Technology, HealthCare Enterprises. I'm thrilled to be part of this management team, and I firmly believe in the potential of this Company to continue its remarkable history of accomplishment within the healthcare industry.". Fortune has an annual list of the Top 20 Business People of the Year. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Opinions expressed by Forbes Contributors are their own. Senior Planner, Global Meetings & Events. In their new roles, Ms. London and Mr. Layton will each report to . "I am honored and humbled to have been selected as the next CEO of Centene and to work alongside extraordinary colleagues to provide quality healthcare to over 26 million Americans," London said in a statement. Fiscal Year Ended in 2016 Enter an executive or company name The charts on this page feature a breakdown of the total annual pay for the top executives at CENTENE CORPas reported in their proxy statements. U.S. health insurer Centene Corp on Tuesday named Vice Chairman Sarah London as its new chief executive officer, replacing Michael Neidorff, who is on medical leave. Michael Neidorff made it on to this list in 2017 in 17th position. Neidorff turned it into a national player by competing aggressively for state Medicare contracts. from 8 AM - 9 PM ET. London, who has been vice chairman of Centenes board, has led the companys technology and digital strategy while also running the health insurers health care enterprises and specialty divisions, corporate strategy, quality operations, internal audit, compliance and risk management, the company said. 1. APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS, (c) Election of Sarah London as Vice Chairman of the Board of Directors of Prior to her appointment as CEO, Ms. London served as Vice Chairman of the Centene Board of Directors. Sarah London, vice chairman of the board of directors at Centene (NYSE: CNC), has accepted additional responsibilities as CEO of the St. Louis-based health insurer. Neidorff . This is the Centene company profile. Centene, Superior HealthPlan, and Community Health Development, Inc. leadership hosted a groundbreaking ceremony at the site. Copyright 2023 Surperformance. To no one's great surprise, the pick is Sarah London, formerly vice chair of the Centene board of directors, one-third of their 'value creation office', and part of the Office of the . Ms. London previously served as the Company's Senior Vice President of Technology Innovation and Modernization, responsible for enterprise-wide technology strategy and execution with a focus on next-generation products and services. London, who became. Centene Corp. CNC (U.S.: NYSE) View All companies AT CLOSE 4:03 PM EST 01/05/23 $77.26 USD -2.20 -2.77% AFTER HOURS 6:24 PM EST 01/05/23 $76.26 -1.00 -1.29% AFTER HOURS Vol 211,456 Volume. Glassdoor gives you an inside look at what it's like to work at Centene, including salaries, reviews, office photos, and more. March 22 (Reuters) - U.S health insurer Centene Corp CNC.N on Tuesday named Vice Chairman Sarah London as its new chief executive officer, effective immediately. The oldest executive at Centene Corp. is RobertDitmore, 86, who is the Presiding Independent Director. Since then Sarah has changed 3 companies and 3 roles. Centenes mission to transform the health of our communities one member at a time has never been more relevant, London said in a statement. Sarah London leads Centene, a diversified enterprise that has grown to become the leading provider of government-sponsored healthcare, with an established expertise serving lower income and medically complex populations. The board of Centene has picked Sarah London an executive with roots in venture capital and talent management to succeed Michael Neidorff as the companys CEO. 831 salaries for 310 jobs at Centene in Santa Fe, TX. She started in data analytics at Optum and later was a partner in its venture capital arm. Listen to free podcasts to get the info you need to solve business challenges! We have a unique opportunity to empower our members, providers, and their communities in this transformation. . The Company also serves several international markets, and contracts with other healthcare and commercial organizations to provide a variety of specialty services focused on treating the whole person. Centene executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. Cigna fell less than 0.3% to close at $234.02, giving. Transforming the health of the community, one person at a time. Mr. Neidorff remains on a previously announced medical leave of absence from his position on the Board of the Company. CB Rank (Person) 87,126. Jan 3, 2023 09:43pm. 48% of all employees identify as people of color, including 36% at the supervisory + level. Sign up for enewsletters and alerts to receive breaking news and in-depth coverage of healthcare events and trends, as they happen, right to your inbox. Centene Sarah London is the Chief Executive Officer of Centene Corporation, a diversified healthcare enterprise providing a portfolio of government-sponsored healthcare programs focusing on under-insured and uninsured individuals to more than 26 million Americans. Of this total $0 was received as a salary, $0 was received as a bonus, $0 was received in stock options, $0 was awarded as stock and $0 came from other types of compensation. He is One of the Top 20 Business People. She soon moved to Humedica, a data analytics company. Women represent 76% of our employees and 65% of employees in supervisory positions. On average, Centene executives and independent directors trade stock every 17 days with the average trade being worth of $1,189,041. Mr. Neidorff remains on a previously announced medical leave of absence from his position on the Board of the Company. Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. March 23, 2022 at 10:20 AM "I also want to thank Michael Neidorff, Centene's visionary leader for more than 25 years. "Centene expects to lose an estimated 2.2 million Medicaid members during the redetermination process over the next 18 months, which would significantly dial UnitedHealths Optum unit acquired Humedica in 2013. Chief Operating Officer. Her focus has been advancing integrated, value-based care models through the development and application of data-driven insights and technology. Mar. Biography. Subscriber only . The Company also serves several international markets, and contracts with other healthcare and commercial organizations to provide a variety of specialty services focused on treating the whole person. CENTENE IS COMMITTED TO CORPORATE SUSTAINABILITY . Dec 5, 2022. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Ms. London received an M.B.A. with High Honors from the University of Chicago Booth School of Business and a B.A.
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