"Brent, Sarah, Shannon and Bob have been integral to our leadership team and, with their new roles, will help us further our commitment to transforming our healthcare model to meet the evolving needs of our members, providers, customers and shareholders.". Here is the list of the latest directors and independent directors of the company. She participates in Audit, Compensation, and Technology Committees. From this baseline, we remain confident in our ability to deliver 12-15% long-term adjusted earnings compound annual growth in the back half of the decade.". Shannon Bagley serves as chief administrative officer for Centene Corporation. Centene Corporation employees rate their Executive Team in the Top 35% of similar size companies on Comparably with 10,000+ Employees. He spent more than 15 years as Executive Vice President of Markets, Products, International, and Chief Business Development Officer. Learn about the key responsibilities of Centene Corporation leaders, founders, executives, and their achievements throughout the years. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. (In millions, except shares in thousands and per share data in dollars), LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS ANDSTOCKHOLDERS' EQUITY, Preferred stock, $0.001 par value; authorized 10,000 shares; no shares issued or outstanding at March31, 2023 and December31, 2022, Common stock, $0.001 par value; authorized 800,000 shares; 614,355 issued and 551,714 outstanding at March31, 2023, and 607,847 issued and 550,754 outstanding at December31, 2022, Accumulated other comprehensive earnings (loss), Treasury stock, at cost (62,641 and 57,093 shares, respectively), Total liabilities, redeemable noncontrolling interests and stockholders' equity, Selling, general and administrative expenses, (Earnings) loss attributable to noncontrolling interests, Net earnings attributable to Centene Corporation. Mark Brooks is Centene Corporations chief information officer and president. At Centene, we embrace a multi-business line approach to diversify revenues, control medical costs, improve the quality of care that our members receive, and improve outcomes. Centene Corp. operates as a healthcare enterprise, which engages in the provision of programs and services to government sponsored healthcare programs. In 2004, she ventured into Centenes management team, playing a crucial role in managing the financial reporting, corporate accounting, financial systems, acquisition, and integration work, as well as finance shared service functions. Centene also extends its primary care services to the United Kingdom through its subsidiary, Operose Health. He primarily works with providers and health systems to make new commercial contracts. removing social barriers to health, and prioritizing responsible 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. Layton owned a managed care consulting firm and has created a diverse group of health care in Avesis, Absolute Care and other managed care companies, gathering over 20 years of experience in the managed care industry. Sarah M. London is the Health Care Enterprises president and executive vice president of Technology. 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. Health benefits ratio (HBR) of 87.0% for the first quarter of 2023 represents a decrease from 87.3% in the comparable period in 2022. DeVeydt is also a former executive vice president and CFO of Anthem, Inc. Orlando Ayala is a retired chairman and corporate vice president of emerging businesses for Microsoft Corporation. Centene Corporation, a Fortune 500 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. "Centene remains focused on innovation, growth, and agility and these leadership enhancements align with key areas of growth for the company," saidMr. Neidorff. Our broad portfolio of approximately 500 product solutions and services includes the following: Our specialty services are a key component of our healthcare strategy and complement our core Managed Care business. Today's top 938 Engineering jobs in Grenoble, Auvergne-Rhne-Alpes, France. Before becoming an independent director of Centene, she handled The United States Northern Command and the North American Aerospace Defense Command. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. 26 on the 2022 FORTUNE 500 list of largest U.S. corporations by revenue. She also worked as chief product officer for Optum Analytics, where she is in charge of the strategy and commercialization of the companys integrated data and analytics. Around 1997, Centene later expanded its corporate office in St. Louis, Missouri headquarters. Four executive leadership appointments were made in March 2021, including Brent Layton, Sarah London, Shannon Bagley, and Robert Sanders. This 2022, there are changes in Centene Corp leaders and directors as part of its current board renewal and collaboration agreement with Politan Capital Management. Centene's key executives include Sarah M. London and 19 others. All forward-looking statements included in this press release are based on information available to us on the date hereof. Being the leading health care company, it is committed to improving the quality of life for people with chronic illnesses and health challenges. Executive Vice President; Chief Financial Officer Senior Management Since: 2021 Age: 54. Medical claims liabilities totaled $17.5 billion. The following table sets forth supplemental revenue information ($ in millions): (1) Medicare includes Medicare Advantage, Medicare Supplement, D-SNPs, and Medicare Prescription Drug Plan (PDP). Centene Corporation's Executive Team at a Glance Based on 212 ratings, Centene Corporation's employees are satisfied with their Executive Team and give them a "B" or 70/100. I'm a HR Business Change Manager specialising in organisation design, digitalisation and analytics. Sign Up Now! (1) Membership includes TANF, Medicaid Expansion, CHIP, Foster Care, and Behavioral Health. This list of important factors is not intended to be exhaustive. Other adjustments include the following pre-tax items: Magellan Specialty Health divestiture gain of $79 million and real estate impairments of $26 million. Some of these care organizations are in the fields of ophthalmology, dentistry, chiropractic, and mental health were among them, as was Georgias largest HIV medical center, Absolute Care. 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. The increases were driven by growth in the Marketplace business, which operates at a higher SG&A ratio. Layton was promoted as the COO of Centene around September 2021. ExecutiveBiz follows the executive-level business activity that drives the government contracting industry. Jon Dinesman. As Centenes CFO, He is responsible for managing the accounting, treasury, capital markets, tax, actuarial services, health economics, financial planning, investor relations, and procurement departments. Transforming the health of the community, one person at a time. Costs related to the PBM legal settlement of $0.00 ($0.00 after-tax). 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. Therefore, the Company believes that this information is meaningful in addition to the information contained in the GAAP presentation of financial information. Her responsibilities include the following: Shannon Bagley joined Centene Corporation in 2003. The Company's days in claims payable was 54 days, which is flat as compared to the fourth quarter of 2022, and an increase of one day as compared to the first quarter of 2022. 486. Consultez le profil complet sur LinkedIn et dcouvrez les relations de Anjali, ainsi que des emplois dans des entreprises similaires. GovCon Wire provides you with Daily Updates and News Briefings about Articles. Also, the Communications department thinks more highly of the Executive Team relative to the Executive department. He has led the successful integration of two $10+ billion health plans. and Terms and Layton joined Centene in 2006. Centene ranked No. She oversaw the health insurers corporate strategy, quality operations, internal audit, compliance, and risk management in addition to leading the companys technology and digital strategy. 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. GAAP selling, general and administrative expenses, Costs related to the PBM legal settlement, Adjusted selling, general and administrative expenses. Serving as the head of Human Resources, Bagley revamped the HR operating model and talent infrastructure. Centene has been named one of the FORTUNE 2023 World's Most Admired Companies for the fifth consecutive year. Sarah London is Centenes Vice Chair become becoming a chief executive officer. We're proud of our history as an innovative, mission-driven organization. The business used to operate in the basement of Family Hospital in Milwaukee. Shannon Bagleys responsibilities include human resources, workplace resources, equity and inclusion, real estate, and physical safety. Ms. Bagley works closely with leadership to set the companys people agenda and goals. International stock quotes are delayed as per exchange requirements. We provide a full spectrum of managed healthcare products and services, primarily through Medicaid, Medicare, and commercial products. Casso started her career as a public accountant at Ernst & Young. . Eppinger has worked in the insurance business for over 35 years and has a lot of experience in the industry. Corporate citizenship is a key component of our success. Sarah London is Centene Corporations CEO. build and develop consensus with business unit executives and the ability to . Executive Mosaic Centene Corporation has had modest beginnings. We regularly earn recognition for growth and innovation, as well as for our commitment to equity, diversity, and inclusion. During the first quarter of 2023, the Company repurchased 4.9million shares for $377 million. She oversees corporate strategy, internal audit, compliance and risk management, and digital strategy. All rights reserved. Conditions. Before Centene, Brinn worked as a bookkeeper at a hospital. The health of individuals drives our focus on the environment, At Centene, we remain one of the few companies to have successfully navigated the Affordable Care Act. GovCon Wire is always on top of the most recent contracting sector activity and is updated in real time as the news breaks. (2) Adjusted SG&A expense ratio excludes acquisition and divestiture related expenses of approximately $35 million to $40 million. In addition,the three months ended March 31, 2023, includes a one-time income tax benefit of $69 million resulting from the distribution of long-term stock awards to the estate of the Company's former CEO. Previously, he was the general counsel, executive vice president, and corporate secretary at Centene Corp. As a general counsel, he has helped Centene strengthen its internal legal sources and face new challenges tied to its fast growth. Enter your account data and we will send you a link to reset your password. Chief Development Officer & Executive VP, Centene Corp. Brent Davis Layton is on the board of Operose Health Ltd. and Chief Development Officer & Executive VP at Centene Corp. Mr. Layton. About usGovernment Contracting FAQGuest Contributions2022 Events, Your Direct Source for Government Contracting News. Based on 212 ratings, Centene Corporation's employees are satisfied with their Executive Team and give them a "B" or 70/100. Centenefocuses 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. All forward-looking statements included in this press release are based on information available to us on the date hereof. When typing in this field, a list of search results will appear and be automatically updated as you type. Currently, Centene Corp headquarters is located in St. Louis, Missouri. As Centenes Chief Information Officer, Brooks is responsible for leading a team of more than 6000 employees and contractors that develops and implements software and services for health plan members. All Rights Reserved, Digital News Coverage of Government Contracting and Federal Policy Landscape. Submit your news His track record in the managed care market indicates his worth in heading a developing enterprise. The Centene Corporation Leaders and Executives Are Behind the Companys Vision, Air Force Conducts 1st Operational Mission With Joint Light Tactical Vehicle, IARPA Selects Teams for AGILE Predictive Data Analysis Program, CISA Seeks Public Input on Proposed Self-Attestation Forms to Improve Software Security, ODNIs 10th Annual Intelligence Transparency Report Notes Continued Decline in FISA Targets, Kathleen Hicks Discusses DODs Mission to Advance US Battery Supply Chain, Carahsoft to Offer Nok Noks Passwordless Authentication Tool to Government Customers, DARPA Launches Market Research for Business Process Logic Initiative, NSF Calls for Collaborators on Advanced Networking Systems Research, Sierra Nevada, BIRD Aerosystems Form Airborne Missile Protection System Delivery Partnership, NASA Solicits Proposals for Space Flight, Aerospace Hardware Modeling Requirements, Dewberry EVP Phil Thiel to Serve on National Geospatial Advisory Committee, Brian May Promoted to Lead Michael Baker Internationals Federal Programs, Services, Lockheed Books $615M Army Follow-on Award to Build HIMARS Munition Launchers, CSA Finalizes Capstone Integration, Launches Rebranding Effort; Amy Bleken, Ronald Fog Hahn Quoted, L3Harris Q1 Revenue Up 9%; Christopher Kubasik Gives Update on Aerojet Rocketdyne Deal, DCS Wins $2.1B Contract to Support Armys Military Automotive Tech Lab, Industry Veteran Tom McCabe Named Istari COO, General Counsel, Centenes development of NextGen programs, Supervising the agile transformation of delivery teams with a goal to deliver a 30% increase in delivery efficiency, Integrating technology of two health plans worth over $10 billion, Implementing and developing services and software for Centenes health plan members. Richard A. Gephardt started Gephardt Group in 2005 after serving for 28 years in the U.S. Congress. Leverage your professional network, and get hired. What Are Centene Corporations Products and Services? 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. 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. Before joining Centene, he worked as an auditor and accountant for Deloitte & Touche LLP for the first five years. Delivering a full spectrum of care from physical health to emotional wellness. Who Is the Founder of Centene Corporation? Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. Centene's Corporate Sustainability. Since 2019, Dr. Philip Ozuah has served as the President and CEO of Montefiore Medicine, the umbrella organization for the Albert Einstein College of Medicine and Montefiore Health System's 13 member hospitals and 300 . Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. She began as a member of the team that established Accretive Healths Quality & Total Cost of Care business offering operational advice to renowned US medical centers. Her primary task is aligning Centenes human capital strategy with its business strategy. Total debt was $18.3 billion, which included $359 million of borrowings on our $2.0 billion revolving credit facility at quarter end. The adjusted SG&A expense ratio was 8.5% for the first quarter of 2023, compared to 7.7% in the first quarter of 2022. To use social login you have to agree with the storage and handling of your data by this website. Kenneth Burdick, Retired Executive Vice President of Products and Markets of Centene Corporation; Former Chief Executive Officer of WellCare Health Plans, Inc. Christopher Coughlin, Former Executive Vice President and Chief Financial Officer of Tyco International, Ltd. Wayne DeVeydt, Executive Chairman of Surgery Partners, Inc.; Former Executive Vice President and Chief Financial Officer of Anthem, Inc. Orlando Ayala, Retired Chairman and Corporate Vice President of Emerging Businesses for Microsoft Corporation, Jessica L. Blume, Retired Vice Chairman of Deloitte LLP, Frederick H. Eppinger, President and Chief Executive Officer of Stewart Title Guaranty Company, Richard A. Gephardt, Chief Executive Officer and President of Gephardt Group, LLC; Former Majority Leader of the U.S. House of Representatives, Lori J. Robinson, Retired United States Air Force General, William Trubeck, Retired Chief Financial Officer, Director, and Executive Vice President of YRC Worldwide; Retired Executive Vice President and Chief Financial Officer of H&R Block, A Leading Provider of Quality and Affordable Healthcare, Pentagon Begins Search for Defense Innovation Board Executive Director, NGA Posts Solicitation for Project Maven Supply Chain Risk Management Platform, House Bipartisan Bills Seek to Further Build Up DOEs Research Partnerships With NASA, NSF, Missouri Fire Chief Richard Carrizzo Assumes Chairmanship of FirstNet Board; Gina Raimondo Quoted, CISAs Eric Goldstein: Trusted Public-Private Partnerships Key to Boosting Cyber Defenses, Xages Roman Arutyunov Recommends 10 Actions to Meet CISAs Cross-Sector Cybersecurity Performance Goals, Carahsoft to Offer Nok Noks Passwordless Authentication Tool to Government Customers, DARPA Launches Market Research for Business Process Logic Initiative, NSF Calls for Collaborators on Advanced Networking Systems Research, Sierra Nevada, BIRD Aerosystems Form Airborne Missile Protection System Delivery Partnership, NASA Solicits Proposals for Space Flight, Aerospace Hardware Modeling Requirements, Dewberry EVP Phil Thiel to Serve on National Geospatial Advisory Committee. In May of 2013, Aetna acquired Coventry and Drew Asher was promoted as the Chief Financial Officer. Brent Layton became the president of the U.S. Health plans, Products, and International. Centene Plaza 7700 Forsyth Boulevard St. Louis, MO 63105 For member and provider inquiries and contact phone numbers, please contact the health plan in your state. Biography. Centene has risen 460 spots since debuting on the list in 2010 at No. In addition, she recently became Centene Corporations chief executive officer. CASH, INVESTMENTS AND RESTRICTED DEPOSITS (in millions). Robert Sanders is the current executive vice president of Centene Corporations global human resources. These statements are not guarantees of future performance and are subject to risks, uncertainties, and assumptions. The Company takes a local approach - with local brands and local teams - to . Mr. Trubeck has a wide range of experience in public company governance and organizations with over $1 billion in revenues. On average, Men provided higher ratings for their Executive Team compared to Women. We provide a full spectrum of managed healthcare products and services, primarily through Medicaid, Medicare, and commercial products. On average, Men provided higher ratings for their Executive Team compared to Women. She was previously the companys vice chairman. Specifically, the Company believes the presentation of non-GAAP financial information that excludes amortization of acquired intangible assets and acquisition and divestiture related expenses, as well as other items, allows investors to develop a more meaningful understanding of the Company's core performance over time. Supplemental disclosures of cash flow information: The following table provides a reconciliation of cash, cash equivalents, and restricted cash and cash equivalents reported within the ConsolidatedBalance Sheets to the totals above: Restricted cash and cash equivalents, included in restricted deposits, Total cash, cash equivalents, and restricted cash and cash equivalents. Sign Up Now! The median estimated compensation for executives at Centene Corporation including base salary and bonus is $235,905, or $113 per hour. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CENTENE CORPORATION REPORTS FIRST QUARTER 2023 RESULTS, CENTENE CORPORATION NAMES ANIKA GARDENHIRE CHIEF CUSTOMER EXPERIENCE OFFICER. Important URLs: The program honors female executives who are leading change, developing policy and guiding healthcare delivery improvement. Cision Distribution 888-776-0942 Before joining Centene Corporation in 2020, she worked with Optum Ventures, the capital arm of UnitedHealth Group. Christopher Coughlin Retired Chief Financial Officer and Executive Vice President of Tyco International, Ltd. Wayne DeVeydt Executive Chairman of Surgery Partners, Inc. Frederick H. Eppinger President and Chief Executive Officer of Stewart Title Guaranty Company, Richard A. Gephardt Chief Executive Officer and President of Gephardt Group, LLC, Lori J. Robinson Former United States Air Force General, Theodore Samuels Former President of Capital Guardian Trust Company, William Trubeck Former Director, Chief Financial Officer, and Executive Vice President of YRC Worldwide. Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Our core philosophy is that quality healthcare is best delivered locally. (1) A full reconciliation of the adjusted diluted earnings per share (EPS) and adjusted selling, general and administrative (SG&A) expenses is shown in the Non-GAAP Financial Presentation section of this release. Staying in line with Executive Mosaics dedication to covering all angles of GovCon, ExecutiveBiz also helps paint a more complete picture of the government contracting industry by featuring medium-sized business news and significant state and foreign contracting developments. Its operations are primarily divided into two: Managed Care and Specialty Services. Centene shuffled its senior management ranks Wednesday, elevating Ken Fasola to become president of the health insurer, reporting to chief executive officer Sarah London. Our specialty services help diversify our revenue stream, manage costs, and enhance the quality of health outcomes for our members and others. 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). for the three months ended March 31, 2023: Magellan Specialty Health divestiture gain of $0.14 ($0.12 after-tax) and real estate impairments of $0.05 ($0.04 after-tax). Centene Corporation's highest paid executives include: Jesse Hunter $4,442,868 and Keith Williamson $3,049,469. He served as Senior Vice President of Centene Corp. from November 2006 to November 26, 2012. Our Health Care Enterprises companies focus on developing more efficient care models to reduce healthcare costs and improve patient outcomes. Leadership as Individual as the People We Serve. The premier source of breaking business news for the government contracting industry, GovCon Wire provides informative, to-the-point stories of the most significant contract awards, top-level executive moves, M&A activities and financial results of the sectors most notable players.
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