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. Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. 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. Musk Made a Mess at Twitter. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. Office phone: (773) 834-4302 Fax: (773) 702-6898 Office: BPSB 125C london@uchicago.edu. She said about her new role that the health care landscape is changing rapidly. Drew Asher. CENTENE APPOINTS SARAH LONDON AS CHIEF EXECUTIVE OFFICER - Yahoo Finance In their new roles, Ms. London and Mr. Layton will each report to . 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. 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 . CENTENE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. All content is posted anonymously by employees working at Centene. Sarah's mailing address filed with the SEC is 7700, Forsyth Boulevard, Clayton, Saint Louis County, Missouri, 63105, United States . Sarah London, previously appointed President, Health Care Enterprises and Executive Vice President of Advanced Technology, will continue in these roles. We salute the Veterans and members of military families who have joined our team. 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, the announcement said. ", 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. Centene expects to lose 2.2M Medicaid members in 2023 | Modern Healthcare On average, Centene executives and independent directors trade stock every 17 days with the average trade being worth of $1,189,041. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. UnitedHealths Optum unit acquired Humedica in 2013. Get ready to start hearing the name "Centene" a lot more around Charlotte. The local approach has been a pillar of our strategy since the - CNBC ESG: The Implementation Imperative Summit. 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. Her strategic thinking, fresh perspective and diverse experience make her the natural leader to harness the potential of Centene, Dallas said. "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. 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. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. 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. Clayton-based Centene Corp. has appointed its vice board chair Sarah London as its new CEO. 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. Get alerted any time new stories match your search criteria. 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. 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. 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. is attached hereto as Exhibit 99.1 and incorporated herein by reference. Previously, she served as Chief Product Officer for Optum Analytics and Vice President of Client Services & Operations at Humedica. 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 . $110k $170k $233k $375k 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. Oregon health agency approves Amazon, One Medical acquisition, moving $3.9B deal one step forward. Subscriber only . 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 Centene Vice Chair Sarah London Adds CEO Title - GovCon Wire The information shown here is a reporting of information included in the company's proxy statement. Sarah London - Charlotte Business Journal Dustin Brookshire, CHC, CHPC, CCEP on LinkedIn: Centene predicts big Centene Drew Takeover Interest From Cigna in Recent Months The chart on this page features a breakdown of the total annual pay for , at CENTENE CORP as reported in their proxy statements. By continuing to use our site, you agree to our Privacy Policy and Terms and Conditions. All proxy statements are public filings made available to the general public by the SEC. Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, John Malone andCharter Directors Agree to $87.5 Million Settlement, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Between Rounds of Golf, Trumps Searching for the Perfect DeSantis Diss, Your Saturday UK Briefing: Sunak Chalks Up a Win as the Budget Looms, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. London succeeds Michael Neidorff, who went on medical leave late last month, the company said. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. Dismiss . Your article was successfully shared with the contacts you provided. Centene appoints new CEO - STLtoday.com Modern Healthcare empowers industry leaders to succeed by providing unbiased reporting of the news, insights, analysis and data. 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. Salaries posted anonymously by Centene employees in Santa Fe, TX. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. 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 Reviews: What Is It Like to Work At Centene? | Glassdoor 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. Centene CEO outlines plans for massive Charlotte campus; commits to Centene appoints Sarah London as CEO | Seeking Alpha ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; The average Centene salary ranges from approximately $36,879 per year for Senior Customer Service Representative to $172,832 per year for Vice President of Compliance. Search jobs. Sarah London. This list of important factors is not intended to be exhaustive. Centene Corporation, a Fortune 25 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. Cigna fell less than 0.3% to close at $234.02, giving. A copy of the press release announcing the events described in Item 5.02 above She is on the Board of Directors at Centene Corp. The oldest executive at Centene Corp. is RobertDitmore, 86, who is the Presiding Independent Director. Currently, Sarah London works as a Chief Executive Officer at Centene. 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. Effective with her election as Vice Chairman, Ms. London will have a base salary of $1,250,000 and a target annual cash bonus of 150% of her base salary. Before joining Centene in 2020, Ms. London was a Partner at Optum Ventures, the venture capital arm of UnitedHealth Group. Centene Corporation on LinkedIn: Sarah London | 2022 Most Powerful 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. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, https://investors.centene.com/. Will His AI Plans Be Any Different? Compensation Information for , of CENTENE CORP | Salary.com 2. He is One of the Top 20 Business People. Working At Centene: Employee Reviews And Culture - Zippia Biography. Sarah M. London is the Pres of Health Care Enterprises & Exec. 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. 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. Women represent 76% of our employees and 65% of employees in supervisory positions. Centene vice chairman talks CMS changes, the Alzheimer's - Yahoo! 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. 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. Glassdoor gives you an inside look at what it's like to work at Centene, including salaries, reviews, office photos, and more. We have a unique opportunity to empower our members, providers, and their communities in this transformation.. Centene Salaries in Santa Fe, TX | Glassdoor 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. Published Mar 22, 2022 < 1 minute read. Centene Appoints Sarah London As Chief Executive Officer This was for his contribution to the growth of Centene, which has expanded rapidly under his leadership. Together, we can deliver innovative, integrated, and equitable care that meets our members where they live and exceeds their expectations. 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. I have been consistently impressed by Sarah's passion to serve our members, who are often the most vulnerable amongst us. Copyright 2023 Surperformance. Ms. London has spent her career at the forefront of innovation in healthcare. The board of Centene has picked Sarah London an executive with roots in venture capital and talent. 48% of all employees identify as people of color, including 36% at the supervisory + level. This list of important factors is not intended to be exhaustive. Centene Corporation, a Fortune 25 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. Listen to free podcasts to get the info you need to solve business challenges! Centene, Superior HealthPlan, and Community Health Development, Inc. leadership hosted a groundbreaking ceremony at the site. Join the conversation . Health insurer Centene names Sarah London as new CEO James Dallas, Centenes acting chairman, said the board sees London as a visionary leader. Health insurer Centene names Sarah London as new CEO Centene now provides or administers health coverage for about 26 million people. She served next as a partner at Optum Ventures. Sarah London is the Chief Executive Officer of Centene Corporation, a diversified healthcare enterprise providing a portfolio of government-sponsored healthcare programs focusing on. London is also dedicated to prioritizing wellness for employees, including through enhanced caregiver benefits. Spencer Stuart. 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.". In particular, these statements include, without limitation, statements about our future operating or financial performance, market opportunity, value creation strategy, competition, expected activities in completed and future acquisitions, including statements about the impact of our recently completed acquisition of Magellan Health (the Magellan Acquisition), other recent and future acquisitions and dispositions, investments and the adequacy of our available cash resources. Managed care members jumped 1.1 million to 26.6 million. All rights reserved. Executive Compensation Data Year: Trend Analysis As at CENTENE CORP, made $0 in total compensation. Executive Leadership | Centene Corporation Centene Names Venture Capital Veteran CEO, Life Health > Health Insurance > Medicare Planning, News 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. Object Shot Down Over Canada in Escalating Aerial Drama. 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. Sarah London - Senior Manager, Global Meetings & Events - LinkedIn . I write about healthcare business and policy. Opinions expressed by Forbes Contributors are their own. Neidorff turned it into a national player by competing aggressively for state Medicare contracts. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Sarah London Work Experience and Education. . March 23, 2022 at 10:20 AM Sarah M. 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.London takes over a company that is a national player among the biggest . Sarah London | Telehealth and Telecare Aware 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 Corporation Executive Salaries | Comparably She later earnedan MBA from the University of Chicago. All forward-looking statements included in this press release are based on information available to us on the date hereof. All forward-looking statements included in this press release are based on information available to us on the date hereof. Associate Professor . 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 Corp.'s decision to cancel its planned East Coast hub in University City will cost Charlotte at least 3,000 expected jobs. CNC Company Profile & Executives - Centene Corp. - The Wall Street Journal Mr. Neidorff remains on a previously announced medical leave of absence from his position on the Board of the Company.