Health insurer Centene names Sarah London as new CEO . All forward-looking statements included in this press release are based on information available to us on the date hereof. 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. Copyright 2023 Surperformance. All forward-looking statements included in this press release are based on information available to us on the date hereof. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. Sarah London is the Chief Executive Officer of Centene Corporation, a diversified healthcare enterprise providing a portfolio of government-sponsored healthcare programs focusing on. 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. Managed care members jumped 1.1 million to 26.6 million. Centenes large size and central role in behavioral care management mean that it could affect what retirement planning clients Medicare plans look like, what the plans will cost, and how both working-age and older clients plans cover mental health care, behavioral health care and other types of care. We have a unique opportunity to empower our members, providers, and their communities in this transformation. 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. o.. Centene Joins Pro Football Hall of Fame for Military Salute to Service in Arizona. 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. Net income dropped 26% to $1.3 billion. Centene Corporation, a Fortune 25 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. 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. The chart on this page features a breakdown of the total annual pay for , at CENTENE CORP as reported in their proxy statements. Prior to being appointed Chief Executive Officer in 2022, she served as Centene's Vice Chairman, responsible for strategy, technology, pharmacy. 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. 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. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Sarah London. 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. 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. Executive Compensation Data Year: Trend Analysis As at CENTENE CORP, made $0 in total compensation. Chief Financial Officer. Prior to her appointment as CEO, Ms. London served as Vice Chairman of the Company, and in her management role was responsible for a portfolio of companies independent of Centene's health plans, designing differentiated platform capabilities, and delivering industry-leading products and services to third-party customers. The health of individuals drives our focus on the environment, removing social barriers to health, and . According to ZoomInfo records, Sarah London's professional experience began in 2012. 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. "I am delighted that the Board has appointed Sarah as CEO. She replaces Michael Neidorff, who took a medical leave of absence in February 2022. . Learn about Centene MISSING VALUE office. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. As the Uvalde community recovers from a tragic shooting, Superior HealthPlan is developing a new community center to serve as a resource for the region. Oregon health agency approves Amazon, One Medical acquisition, moving $3.9B deal one step forward. Listen to free podcasts to get the info you need to solve business challenges! Prior to being appointed CEO in 2022, she served as Centenes Vice Chairman, responsible for strategy, technology, pharmacy services, enterprise compliance and quality, as well as for Centenes portfolio of independent, non-health plan companies. Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. VP of Advanced Technology & Vice Chairman of Centene since . Centene Corporation 184,800 followers 5mo . Centene Names Venture Capital Veteran CEO, Life Health > Health Insurance > Medicare Planning, News Will Others Follow? Kevin Carmichael: Canada's 'blowout' jobs report raises questions about the path of interest rates. 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. Sarah's mailing address filed with the SEC is 7700, Forsyth Boulevard, Clayton, Saint Louis County, Missouri, 63105, United States. 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. Ms. London joined Centene in 2020 as Senior Vice President of Technology Innovation and Modernization, overseeing the companys enterprise-wide technology strategy with a focus on next-generation products and services. California Weighs $360,000 in Reparations to Eligible Black Residents. Without limiting the foregoing, forward-looking statements often use words such as "believe," "anticipate," "plan," "expect," "estimate," "intend," "seek," "target," "goal," "may," "will," "would," "could," "should," "can," "continue" and other similar words or expressions (and the negative thereof). Presently, Sarah London is President-Health Care Enterprises at Centene Corp. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions. Her focus has been advancing integrated, value-based care models through the development and application of data-driven insights and technology. 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. Public salaries . Centene Corporation, a Fortune 50 company, is a leading multi-national healthcare enterprise that is committed to helping people live healthier lives. 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 . Cision Distribution 888-776-0942 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. In 2010, she helped start a health care cost and quality data business for Accretive Health, a medical billing and debt collection company. This list of important factors is not intended to be exhaustive. 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 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. The board of Centene has picked Sarah London an executive with roots in venture capital and talent. 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. In a March 31 regulatory filing, Centene said its board of directors had approved a compensation package for new CEO Sarah London with an annual base salary of $1.4 million and a cash. Women represent 76% of our employees and 65% of employees in supervisory positions. Chief Operating Officer. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. London is also dedicated to prioritizing wellness for employees, including through enhanced caregiver benefits. By Tony Mecia. 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. 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. See reviews, salaries & interviews from Centene employees in MISSING VALUE. Centene predicts big losses during Medicaid redeterminations Mari Devereaux Kris Tripplaar/Sipa USA Centene expects to lose an estimated 2.2 million Medicaid members during the redetermination. She soon moved to Humedica, a data analytics company. CENTENE IS COMMITTED TO CORPORATE SUSTAINABILITY . Since her appointment to lead the company in 2022, she has focused on developing a culture of transformation, implementing artificial intelligence and machine learning solutions to better improve health and quality of life for Centenes members. Centene shuffled its senior management ranks Wednesday, elevating Ken Fasola to become president of the health insurer, reporting to chief executive officer Sarah London. 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. This was for his contribution to the growth of Centene, which has expanded rapidly under his leadership. March 23, 2022 at 10:20 AM 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. 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 . 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. [40] Her strategic thinking, fresh perspective and diverse experience make her the natural leader to harness the potential of Centene," said James Dallas, Acting Chairman of Centene. She served next as a partner at Optum Ventures. And adjusted. Prior to her appointment as CEO, Ms. London served as Vice Chairman of the Centene Board of Directors. Biography. Ms. London has spent her career at the forefront of innovation in healthcare. Centene focuses on long-term growth and value creation as well as the development of its people, systems, and capabilities so that it can better serve its members, providers, local communities, and government partners. As at CENTENE CORP, made $0 in total compensation. And finally I'll walk through our updated full-year guidance. In the biggest economic-development deal in state history, the CEO of health-insurance giant Centene said Wednesday that it will build an East Coast regional headquarters and technology hub on an 80-acre site in the University City area a massive project that he said could . 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. Before joining Centene in 2020, Ms. London was a Partner at Optum Ventures, the venture capital arm of UnitedHealth Group. $110k $170k $233k $375k . "The healthcare landscape is rapidly changing, and Centene's mission to transform the health of our communities one member at a time has never been more relevant, London added. We have a unique opportunity to empower our members, providers, and their communities in this transformation. Centene was once a regional health insurer. 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. On average, Centene executives and independent directors trade stock every 17 days with the average trade being worth of $1,189,041. A copy of the press release announcing the events described in Item 5.02 above 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. 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. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. YEAR. Share & Print. 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. Prior to joining Humedica, Ms. London was part of the team that launched Accretive Health's Quality & Total Cost of Care business, providing end-to-end population health strategy and operational consulting to leading medical centers around the country. Sarah London was named Centene CEO, taking over from Michael Neidorff, who will remain the company's chairman. Sarah London | 2022 Most Powerful Women. ", 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. 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. 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. from 8 AM - 9 PM ET. Together, we can deliver innovative, integrated, and equitable care that meets our members where they live and exceeds their expectations. Associate Professor . I have been consistently impressed by Sarahs passion to serve our members, who are often the most vulnerable amongst us.. 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. Centene Corporation's highest paid executives include: Jesse Hunter $4,442,868 and Keith Williamson $3,049,469. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. ", 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. Ms. President. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Forward-Looking StatementsAll statements, other than statements of current or historical fact, contained in this press release are forward-looking statements. 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. Centene.com uses cookies. As Centenes first woman CEO, London has been instrumental in helping the insurer boost earnings and grow its core lines of business. 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. Centenes mission to transform the health of our communities one member at a time has never been more relevant, London said in a statement. Her focus has been advancing integrated, value-based care models through the development and application of data-driven insights and technology. Gender Female. 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. CENTENE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. She started in data analytics at Optum and later was a partner in its venture capital arm. Published Mar 22, 2022 < 1 minute read. 22, 2022 4:57 PM ET Centene Corporation (CNC) By: Dania Nadeem, SA News Editor 4 Comments. Centene now provides or administers health coverage for about 26 million people. Glassdoor. Search jobs. HealthCare Enterprises is a portfolio of high growth companies independent of Centene health plans, designing differentiated platform capabilities and delivering industry-leading products and . 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. VP of Advanced Technology & Vice Chairman at Centene. Your article was successfully shared with the contacts you provided. "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. Neidorff was the Clayton, Missouri-based health insurance giants chairman as well as its CEO. 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. Ken Fasola. "The healthcare landscape is rapidly changing, and Centene's mission to transform the health of our communities one member at a time has never been more relevant. Total Cash Compensationinformation is comprised of yearly Base Pay and Bonuses. Between 2011 and 2020, Centene grew from 1.8M members in 12 states to 25.5M members nationwide. 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, previously appointed President, Health Care Enterprises and Executive Vice President of Advanced Technology, will continue in these roles. 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. This list of important factors is not intended to be exhaustive. All proxy statements are public filings made available to the general public by the SEC. 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. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Average Centene hourly pay ranges from approximately $13.23 per hour for Quality Assurance Engineer to $54.71 per hour for Senior Case Manager. London spent a year working at Creative Artists Agency in Los Angeles. ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; Chicago/NYC. ", This is a BETA experience. Nov 2013 - Mar 20173 years 5 months. Ms. London has spent her career at the forefront of innovation in healthcare. Drew Asher. Together, we can deliver innovative, integrated, and equitable care that meets our members where they live and exceeds their expectations. 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. . This is the Centene company profile. It has $125 billion in annual revenue, and it ranks 26th in the United States in terms of revenue. 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 Corp.'s decision to cancel its planned East Coast hub in University City will cost Charlotte at least 3,000 expected jobs. 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. Create an alert to follow a developing story, keep current on a competitor, or monitor industry news. Centene Salaries trends. 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. There are 29 older and 1 younger executives at Centene. Our local approach allows us to help members access high-quality, culturally sensitive healthcare services. Neidorff . The information shown here is a reporting of information included in the company's proxy statement. Biography. 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. Previously, she served as Chief Product Officer for Optum Analytics and Vice President of Client Services & Operations at Humedica. Founded in 1984 and headquartered in St. Louis, Missouri, Centene Corporation is a diversified, multi-national healthcare enterprise that provides a portfolio of services to government sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Ms. London has spent her career at the intersection of health data, technology, and the transformation of value-based care for vulnerable Americans with the greatest needs. Centene Corporation and Brent Layton as President and Chief Operating Officer of When typing in this field, a list of search results will appear and be automatically updated as you type. Ms London is 40, she's been the Pres of Health Care Enterprises & Exec. Based on our analysis, the employees in engineering earn salaries at Centene that are well above average, with yearly earnings averaging $97,613. Fortune has an annual list of the Top 20 Business People of the Year. All content is posted anonymously by employees working at Centene. Office phone: (773) 834-4302 Fax: (773) 702-6898 Office: BPSB 125C london@uchicago.edu. March 22 (Reuters) - U.S. health insurer Centene Corp CNC.N on Tuesday named Vice Chairman Sarah London as its new chief executive officer, replacing Michael Neidorff, who is on medical leave. FORTUNE magazine continuously ranks us as one of America's fastest-growing companies. Sarah London received her BA in Biology and Psychology from Middlebury College and her PhD in Neuroscience from UCLA. 2. She later worked for the company that produced "E.T.". Prior to her appointment as CEO, Ms. London served as Vice Chairman of the Company, and . Mr. Neidorff remains on a previously announced medical leave of absence from his position on the Board of the Company. "Centene expects to lose an estimated 2.2 million Medicaid members during the redetermination process over the next 18 months, which would significantly dial This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, This Former Factory Is Now New Taipeis Edgiest Project, What Do You Want to See in a Covid Memorial?