Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. The company will report its 2022 first quarter earnings on April. 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. Fortune has an annual list of the Top 20 Business People of the Year. Ms. London has spent her career at the forefront of innovation in healthcare. St. L. Link Centene website Since our founding as a single healthcare plan in 1984, Centene is focused on improving the health of the communities we serve. 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. ", "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," said Ms. London. All rights reserved. View original content:https://www.prnewswire.com/news-releases/centene-appoints-sarah-london-as-chief-executive-officer-301508299.html, https://www.prnewswire.com/news-releases/centene-appoints-sarah-london-as-chief-executive-officer-301508299.html, Ukraine Latest: Saudi Generators Sent; Bakhmut Battles Continue, Pot vote has Oklahoma hungry to rake in green from Texas, How Ron DeSantis misreads Corporate America, Tesla recalls 3,470 Model Y vehicles over loose bolts, 3 big things in investing you might have missed this week. Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. 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 immediately, succeeding Michael Neidorff. 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. These forward-looking statements reflect our current views with respect to future events and are based on numerous assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, business strategies, operating environments, future developments and other factors we believe appropriate. Salaries posted anonymously by Centene employees in Santa Fe, TX. 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, afterthe date hereof. Her focus has been advancing integrated, value-based care models through the development and application of data-driven insights and technology. Nov 2013 - Mar 20173 years 5 months. ESG: The Implementation Imperative Summit. The Company takes a local approach with local brands and local teams to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. I have been consistently impressed by Sarah's passion to serve our members, who are often the most vulnerable amongst us. 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. She started in data analytics at Optum and later was a partner in its venture capital arm. Over the last 19 years, insiders at Centene have traded over $220,031,916 worth of Centene stock and bought 89,005 units worth $5,026,837 Effective September 7, 2021, the Board of Directors (the "Board") of Centene Corporation (the "Company") elected Sarah M. London as Vice Chairman of the Board of Directors of Centene Corporation and Brent D. Layton as the Company's President and Chief Operating Officer. This list of important factors is not intended to be exhaustive. Neidorff, who is 79 years old and has been Centenes CEO since 1996, also took on a new role as executive chairman until the end of 2022, the company announced in December. Health insurer Centene names Sarah London as new CEO Back to video. 1. Centene Corporation's highest paid executives include: Jesse Hunter $4,442,868 and Keith Williamson $3,049,469. Total Cash Compensationinformation is comprised of yearly Base Pay and Bonuses. Ms. Published Mar 22, 2022 < 1 minute read. I write about healthcare business and policy. There are 29 older and 1 younger executives at Centene. Object Shot Down Over Canada in Escalating Aerial Drama. Centene focuses on long-term growth and the development of its people, systems and capabilities so that it can better serve its members, providers, local communities, and government partners. UnitedHealths Optum unit acquired Humedica in 2013. Centene Corporation, a Fortune 25 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. All forward-looking statements included in this press release are based on information available to us on the date hereof. Since Mr. Neidorff began a medical leave of absence in February 2022, she has been a member of the Office of the Chairman charged with running the day-to-day management of the Company. Cision Distribution 888-776-0942 She said about her new role that the health care landscape is changing rapidly. "I am delighted that the Board has appointed Sarah as CEO. Chief Executive Officer. Prior to Centene, she was an Operating Partner at Optum Ventures, the venture capital arm of UnitedHealth Group. Women represent 76% of our employees and 65% of employees in supervisory positions. CB Rank (Person) 87,126. London, who became. Ms. London has spent her career at the forefront of innovation in healthcare. Executive Compensation Data Year: Trend Analysis As at CENTENE CORP, made $0 in total compensation. 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. We have a unique opportunity to empower our members, providers, and their communities in this transformation. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. CENTENE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Your article was successfully shared with the contacts you provided. The oldest executive at Centene Corp. is RobertDitmore, 86, who is the Presiding Independent Director. Presently, Sarah London is President-Health Care Enterprises at Centene Corp. Centene generated revenue of $126 billion in 2021, a 13% increase over the year prior as more people were enrolled in Medicaid plans following the pandemic. The median estimated compensation for executives at Centene Corporation including base salary and bonus is $235,905, or $113 per hour. Centene (the Company, our, or we) intends such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we are including this statement for purposes of complying with these safe-harbor provisions. Centene fell about 1.4% to close at $75.34 in New York on Wednesday, giving the St. Louis-based company a market value of about $44 billion. The chart on this page features a breakdown of the total annual pay for , at CENTENE CORP as reported in their proxy statements. The most active insiders traders include Michael F Neidorff, Frederick H Eppinger, and Edward L Cahill. Prior to Optum Ventures, Ms. London served as Chief Product Officer for Optum Analytics, the business unit responsible for driving strategy and commercialization of Optum's integrated data and analytics solutions into the provider, payer and life sciences markets. Sarah London was named Centene CEO, taking over from Michael Neidorff, who will remain the company's chairman. 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. Chicago/NYC. Public salaries . Chief Operating Officer. March 23, 2022 at 10:20 AM In her management role, Ms. London led the Company's technology and digital strategy in addition to running the Health Care Enterprises and Specialty divisions, Corporate Strategy, Quality Operations, Internal Audit, Compliance and Risk Management. 831 salaries for 310 jobs at Centene in Santa Fe, TX. 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. Transforming the health of the community, one person at a time. This report is not for commercial use. January 12, 2022, 8:01 AM Sarah London, Vice Chairman of Centene, joins Yahoo Finance Live to talk about Centene's health care initiatives, CMS changes, and how they are handling COVID-19. Centene Corporation, a Fortune 50 company, is a leading multi-national healthcare enterprise that is committed to helping people live healthier lives. She is on the Board of Directors at Centene Corp. ", Drew Asher, Centene's Chief Financial Officer, said, "Sarah brings a modern vision to the helm of one of this country's most important healthcare companies. --------------------------------------------------------------------------------. Average Centene hourly pay ranges from approximately $13.23 per hour for Quality Assurance Engineer to $54.71 per hour for Senior Case Manager. "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. London played Division I tennis at Harvard. Previously, she served as Chief Product Officer for Optum Analytics and Vice President of Client Services & Operations at Humedica. Sarah's mailing address filed with the SEC is 7700, Forsyth Boulevard, Clayton, Saint Louis County, Missouri, 63105, United States. Centene Corporation and Brent Layton as President and Chief Operating Officer of Before joining Centene in 2020, Ms. London was a Partner at Optum Ventures, the venture capital arm of UnitedHealth Group. And less than a month ago, Centene said Neidorff was taking a medical leave of absence to address what he called a treatable medical condition, putting several executives including London to work to fill the void left by Neidorffs absence. You may also find the annual proxy statement by going directly to the company's website. Centene shuffled its senior management ranks Wednesday, elevating Ken Fasola to become president of the health insurer, reporting to chief executive officer Sarah London. London is also dedicated to prioritizing wellness for employees, including through enhanced caregiver benefits. Pros. 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 . Neidorff was the Clayton, Missouri-based health insurance giants chairman as well as its CEO. Centene Names Venture Capital Veteran CEO, Life Health > Health Insurance > Medicare Planning, News Centene CEO Sarah London joined CNBC 's Power Lunch with Bertha Coombs to discuss Centene's local approach as a differentiator, its data-driven strategies to enhance health outcomes, and. . Mar. Centene ( NYSE: CNC) said it had appointed Sarah London to succeed Michael Neidorff as the Chief . 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. "I am delighted that the Board has appointed Sarah as CEO. Dec 5, 2022. "I also want to thank Michael Neidorff, Centene's visionary leader for more than 25 years. Sarah's mailing address filed with the SEC is 7700, Forsyth Boulevard, Clayton, Saint Louis County, Missouri, 63105, United States . . By continuing to use our site, you agree to our Privacy Policy and Terms and Conditions. We discuss certain of these matters more fully, as well as certain other factors that may affect our business operations, financial condition and results of operations, in our filings with the Securities and Exchange Commission (SEC), including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Due to these important factors and risks, we cannot give assurances with respect to our future performance, including without limitation our ability to maintain adequate premium levels or our ability to control our future medical and selling, general and administrative costs. Neidorff turned it into a national player by competing aggressively for state Medicare contracts. London takes over a company that is a national player among the biggest names in health insurance, particularly in working with states to manage their Medicaid health insurance for poor Americans and providing individual coverage under the Affordable Care Act. Musk Made a Mess at Twitter. 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. Ms London is 40, she's been the Pres of Health Care Enterprises & Exec. We have a unique opportunity to empower our members, providers, and their communities in this transformation. On average, Centene executives and independent directors trade stock every 17 days with the average trade being worth of $1,189,041. Centene Corporation announced that Sarah London, vice chairman of Centene, has been appointed chief executive officer, effective immediately, succeeding Michael Neidorff. London spent a year working at Creative Artists Agency in Los Angeles. YEAR. Ms. London received an M.B.A. with High Honors from the University of Chicago Booth School of Business and a B.A. Sarah London, Chief Executive Officer, Centene Corporation 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. Create an alert to follow a developing story, keep current on a competitor, or monitor industry news. I have been consistently impressed by Sarah's passion to serve our members, who are often the most vulnerable amongst us. Insiders trading at Centene Over the last 19 years, insiders at Centene have traded over $220,031,916 worth of Centene stock and bought 89,005 units worth $5,026,837 . However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Opinions expressed by Forbes Contributors are their own. The information shown here is a reporting of information included in the company's proxy statement. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CENTENE TO PRESENT AT BARCLAYS 2023 GLOBAL HEALTHCARE CONFERENCE, Centene Addresses Social Isolation in Schools with National No One Eats Alone Day. Sarah London Age : 42 Public asset : 24,128,130 USD Country of residence : Unknown Linked companies : Centene Corporation Biography of Sarah London Presently, Sarah London is President-Health Care Enterprises at Centene Corp. Sarah London Work Experience and Education. ", "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," said Ms. London. 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. Charlotte Ledger. Between June 2021 and January 2022, Centene agreed to settlements with several states on behalf of their subsidiary, Envolve, a pharmacy benefit manager, including Ohio, Mississippi, Illinois, Arkansas, and New Hampshire to resolve allegations of overpayments to the PBM from the states' Medicaid programs. Together, we can deliver innovative, integrated, and equitable care that meets our members where they live and exceeds their expectations. All forward-looking statements included in this press release are based on information available to us on the date hereof. 48% of all employees identify as people of color, including 36% at the supervisory + level. Centene offers affordable and high-quality products to nearly 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by theHealth Insurance Marketplace, the TRICARE program, and individuals in correctional facilities. These forward-looking statements reflect our current views with respect to future events and are based on numerous assumptions and assessments made by us in light of our experience and perception of historical trends, current conditions, business strategies, operating environments, future developments and other factors we believe appropriate. And Centene has expanded into the business of Medicare Advantage, the privatized health benefits myriad health insurers offer senior via contract with the federal government. o.. Centene Joins Pro Football Hall of Fame for Military Salute to Service in Arizona. Michael built one of the great success stories in American business, and his commitment to providing affordable, high-quality healthcare to our fellow citizens will remain a bedrock of this Company going forward," said Ms. London. This is the Centene company profile. is attached hereto as Exhibit 99.1 and incorporated herein by reference. CENTENE IS COMMITTED TO CORPORATE SUSTAINABILITY . Ms. London previously served as Vice President of Client Services & Operations with Humedica, a venture-backed healthcare data and analytics company acquired by Optum in 2013. A copy of the press release announcing the events described in Item 5.02 above [40] "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. The Company takes a local approach with local brands and local teams to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. In their new roles, Ms. London and Mr. Layton will each report to . Jim Murray. Mr. Neidorff remains on a previously announced medical leave of absence from his position on the Board of the Company. 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. About Us; "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. 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. Get ready to start hearing the name "Centene" a lot more around Charlotte. . Learn about Centene MISSING VALUE office. Modern Healthcare empowers industry leaders to succeed by providing unbiased reporting of the news, insights, analysis and data. London succeeds Michael Neidorff, who went on medical leave late last month, the company said. Delayed Nyse Under Neidorff, Centene has grown into a national healthcare giant with revenues that eclipsed $126 billion in 2021 as more Americans sign up for Medicaid, the health insurance for low income patients it manages via contracts with states and individual coverage under the ACA known as Obamacare hits record levels. 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. Listen to free podcasts to get the info you need to solve business challenges! HealthCare Enterprises is a portfolio of high growth companies independent of Centene health plans, designing differentiated platform capabilities and delivering industry-leading products and . The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Chief Financial Officer. Centene Corporation 184,800 followers 5mo . 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. She graduated from the school with a bachelors degree in literature in 2002. Biography. You may opt-out by. Centene offers affordable and high-quality products to nearly 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by the Health Insurance Marketplace, the TRICARE program, and individuals in correctional facilities.
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