Ken Fasola named President of Centene
Jim Murray named Chief Operating Officer
Brent Layton becomes Senior Advisor to the CEO
Dave Thomas will become Chief Government Officer of Markets and Medicaid
In addition, Company appoints Alice H. Chen, MD, MPH as Main Health and fitness Officer and Brian LeClaire, MBA, PhD, as Main Info Officer
ST. LOUIS, Dec. 14, 2022 /PRNewswire/ — Centene Company (NYSE: CNC) announced today leadership changes and senior administration appointments to placement the Corporation for its upcoming stage of development.
“With these appointments, Centene is aligning the outstanding talent within our senior government staff with the Company’s value generation mission and prolonged-time period method for development,” reported Centene Main Govt Officer (CEO) Sarah London. “Moreover, we are enthusiastic to welcome two new leaders to our senior management team. With each other, today’s appointments reinforce and accelerate Centene’s longstanding motivation to offering large-top quality, low-price tag health care to customers and raising price to shareholders.”
Ken Fasola, presently Government Vice President (EVP) of Well being Treatment Enterprises, will turn into President of Centene, continuing to report to Sarah London. In his role as President, Mr. Fasola provides far more than 3 decades of prosperous management in the healthcare business, like CEO roles at several overall health coverage organizations. He will be responsible for Centene’s health and fitness designs, all lines of business and core operations.
Jim Murray, currently EVP, Chief Transformation Officer, will turn into EVP, Chief Functioning Officer (COO), reporting to Mr. Fasola. Equipped with deep working experience in operations spanning a occupation of almost 3 a long time, Mr. Murray will be crucial to Centene’s initiatives in value generation, high-quality, and core business enterprise functions.
Brent Layton will come to be Senior Advisor to the CEO, as he begins his transition in the direction of retirement. Around the next 12 months, Mr. Layton will go on to perform a pivotal job in establishing and growing vital strategic partnerships for Centene and driving the Company’s business enterprise growth tactic.
Dave Thomas, currently EVP, Markets, will grow to be CEO of Markets and Medicaid, reporting into Mr. Fasola. With considerable leadership and far more than 20 many years of knowledge in the managed treatment field, Mr. Thomas will choose on an expanded scope and duty for the Medicaid products and company enhancement.
The appointments of Messrs. Fasola, Murray, Layton and Thomas to their new roles are efficient today.
On top of that, the Corporation declared the appointment of Alice H. Chen, MD, MPH, as Main Wellbeing Officer (CHO), helpful January 1, 2023, and Brian LeClaire, MBA, PhD, as Chief Information Officer (CIO), successful December 5, 2022. Both equally men and women will report to Sarah London.
As CHO, Dr. Chen will be dependable for Centene’s strategies, procedures, and packages in assistance of bettering populace overall health for Centene’s far more than 26 million associates.
As CIO, Mr. LeClaire will be liable for Centene’s data technology tactic, making certain its alignment with the Firm’s business enterprise system, and providing secure, differentiated technologies-enabled experiences to users.
Applicable bios are outlined under.
Ken Fasola, President, Centene Company
Ken Fasola brings more than a few a long time of profitable leadership in the healthcare marketplace, having most not too long ago served as Centene’s Govt Vice President of Health Treatment Enterprises and a member of the Place of work of the CEO. He joined Centene through the acquisition of Magellan Health and fitness Inc (MGLN) wherever he served as CEO and a member of the Board of Administrators. Prior to that, he was Chairman, President, and CEO of HealthMarkets, Inc., just one of the biggest wellness insurance plan businesses and supplemental insurance policy firms in the U.S. HealthMarkets was obtained by UnitedHealth Team in 2019. Prior to becoming a member of HealthMarkets, Mr. Fasola expended virtually twenty years in government management roles at UnitedHealth Team and Humana. He served as CEO of Protected Horizons, a division of UnitedHealth Team and the nation’s biggest Medicare Benefit insurance provider. Prior to that he served as CEO of UnitedHealth Care’s Central Region, President of UnitedHeathcare traces of enterprise and National Sales Officer. At Humana Mr. Fasola was the COO of Market place Operations and formerly a member of the Place of work of the Chairman, a role he assumed soon after thirteen years leading different divisions in just the firm.
Mr. Fasola retains a Bachelor of Science in Wellbeing Scheduling and Administration from Pennsylvania Point out University and was named an Alumni Fellow in 2010.
Jim Murray, EVP, Main Running Officer, Centene Company
Jim Murray most a short while ago served as Centene’s Chief Transformation Officer, where by he led Centene’s Benefit Development Place of work and its Actions Wellbeing business and was a member of the office of the CEO. Beforehand, he was President and COO for Magellan Wellness in which he oversaw the Magellan Behavioral and Specialty Wellbeing and Magellan Finish Care enterprise segments. Prior to his roles at Magellan, Mr. Murray served as President of PrimeWest Health, a Dallas-based mostly business which supports medical doctor shift to value-primarily based treatment and Chief Govt Officer of LifeCare HealthPartners, a Dallas-centered healthcare facility procedure. Murray also served as Government Vice President and Main Working Officer for Humana and held other sizeable leadership roles more than a job spanning approximately three many years.
Mr. Murray received his bachelor’s diploma in accounting from the College of Dayton and is a accredited community accountant.
Brent Layton, Senior Advisor to CEO, Centene Corporation
Brent Layton has far more than 30 decades of experience with escalating duty in the healthcare and general public policy sectors, with particular expertise in generating, scaling, and functioning organization in a highly regulated ecosystem. Mr. Layton most a short while ago served as President and Chief Operating Officer for Centene Company where by he oversaw the company’s health care offerings, which include 30 Condition Medicaid Overall health ideas, the nation’s biggest Trade company, Ambetter, and the WellCare brand of Medicare items, and was a member of the Office environment of the CEO. Considering the fact that joining Centene in 2006, he has overseen the advancement and implementation of new overall health ideas in far more than 25 states, provided strategic guidance to state governments to assist them acquire successful Medicaid methods, and formulated new business contracting with providers and overall health systems where by he led the firm’s effort and hard work in value-centered obtaining.
Mr. Layton acquired his bachelor’s diploma from the College of Georgia.
David P. Thomas, CEO, Markets and Medicaid, Centene Company
Dave Thomas most lately served as Centene’s Executive Vice President, Markets wherever he was responsible for the oversight of Centene’s 31 well being ideas nationwide. Previously, he was President and CEO of Fidelis Care wherever he led oversight across all divisions of Fidelis Care. Dave joined Fidelis in 1999 as Director of Strategic Setting up and Enhancement and held positions of growing obligation all through his tenure – from Vice President, Senior Vice President of Functions, Senior Vice President and Main Administrative Officer, and Executive Vice President and Main Functioning Officer – culminating in top the group.
Mr. Thomas been given a bachelor’s degree in Sociology from the College at Albany and a Grasp of Business Administration from the Zicklin University of Company at Baruch University in Manhattan.
Alice H. Chen, MD, MPH, Chief Well being Officer, Centene Company
Prior to joining Centene, Dr. Chen was Main Professional medical Officer at Coated California, the state’s overall health coverage marketplace, wherever she was liable for health care strategy centered on quality, equity, and shipping program transformation. She earlier served as Deputy Secretary for Plan and Organizing and Main of Clinical Affairs for the California Health and fitness and Human Services Company, the place she led signature wellbeing coverage initiatives on affordability and accessibility and played a management position in the state’s reaction to the COVID-19 pandemic. Dr. Chen was also a professor of medicine at the College of California San Francisco Faculty of Medicine, dependent at the Zuckerberg San Francisco Normal Healthcare facility, exactly where she served as its Main Integration Officer and founding director of the eConsult system.
Dr. Chen been given a Bachelor of Science in Environmental Biology from Yale College and has a Health practitioner of Medicine from the Stanford College School of Drugs. She also has a Master of Community Well being in Well being Treatment Management and Plan from Harvard School of Public Overall health. A principal care internist by instruction, she supplies scientific care at Zuckerberg San Francisco Standard Clinic.
Brian LeClaire, Main Facts Officer, Centene Corporation
Prior to becoming a member of Centene, Brian LeClaire was Director, Technologies, for the health care crew at Arsenal Cash Companions, a private equity agency specializing in investments in healthcare and industrial growth organizations. At Arsenal, he led information and facts technologies thanks diligence, advisory and oversight for the firm’s health care sector, and aided portfolio firms in the advancement and shipping of their technological innovation tactic and benefit seize initiatives. Beforehand he served as Senior Vice President and Chief Details Officer for Humana, the place he spent a lot more than two a long time in many engineering and operational management roles. Prior to that he was a Vice President of Solution Improvement at Alltel, a wireless service service provider acquired by Verizon Wireless.
Mr. LeClaire obtained a Bachelor of the Arts in Psychology from Ripon College or university a Grasp of Enterprise Administration in Accounting from the College of Wisconsin, Oshkosh and a PhD in Management Information Programs, with a minimal in Laptop or computer Science, from Oklahoma State University.
About Centene Corporation
Centene Company, a Fortune 500 corporation, is a foremost healthcare enterprise that is committed to aiding individuals dwell more healthy life. The Organization can take a area approach – with regional brand names and neighborhood teams – to offer totally built-in, significant-excellent, and price-powerful companies to federal government-sponsored and industrial health care applications, focusing on underneath-insured and uninsured individuals. Centene offers very affordable and higher-top quality items to almost 1 in 15 people today across the country, including Medicaid and Medicare associates (which includes Medicare Prescription Drug Strategies) as perfectly as folks and people served by the Health Insurance plan Marketplace, the TRICARE system, and men and women in correctional facilities. The Business also contracts with other healthcare and professional companies to deliver a variety of specialty services targeted on managing the complete individual. Centene focuses on lengthy-time period development and price creation as nicely as the improvement of its persons, methods, and capabilities so that it can greater provide its associates, providers, nearby communities, and authorities partners.
Centene employs its investor relations web site to publish critical info about the Organization, like info that could be deemed content to buyers. Economical and other info about Centene is routinely posted and is accessible on Centene’s trader relations website, https://investors.centene.com/.
All statements, other than statements of current or historical point, contained in this press launch are forward-searching statements. Devoid of limiting the foregoing, forward-hunting statements typically use words these types of as “believe that,” “foresee,” “system,” “hope,” “estimate,” “intend,” “look for,” “goal,” “objective,” “may,” “will,” “would,” “could,” “really should,” “can,” “keep on” and other similar words and phrases or expressions (and the adverse thereof). Centene (the Organization, our, or we) intends these kinds of forward-searching statements to be covered by the safe-harbor provisions for ahead-seeking statements contained in the Non-public Securities Litigation Reform Act of 1995, and we are which includes this statement for functions of complying with these safe-harbor provisions. In individual, these statements include, without having limitation, statements about our foreseeable future functioning or monetary performance, market place option, benefit creation system, competitors, envisioned routines in link with finished and long run acquisitions and dispositions, our investments and the adequacy of our available cash resources. These forward-hunting statements reflect our recent views with regard to potential functions and are based mostly on various assumptions and assessments produced by us in light of our experience and perception of historical developments, recent problems, small business procedures, running environments, future developments and other components we believe that acceptable. By their nature, forward-seeking statements include regarded and unfamiliar risks and uncertainties and are subject to change because they relate to situations and rely on circumstances that will take place in the long term, such as financial, regulatory, aggressive and other elements that may possibly trigger our or our industry’s actual results, ranges of exercise, performance or achievements to be materially various from any upcoming final results, levels of activity, general performance or achievements expressed or implied by these ahead-looking statements. These statements are not guarantees of foreseeable future overall performance and are issue to threats, uncertainties and assumptions. All ahead-seeking statements bundled in this press launch are dependent on facts accessible to us on the date hereof. Besides as may well be normally required by regulation, we undertake no obligation to update or revise the ahead-looking statements provided in this push launch, regardless of whether as a result of new information and facts, long run activities or normally, following the day hereof. You must not put undue reliance on any forward-searching statements, as precise final results may possibly vary materially from projections, estimates, or other forward-searching statements due to a wide range of vital factors, variables and events which includes, but not restricted to: our skill to precisely predict and efficiently control wellness gains and other running expenses and reserves, including fluctuations in health care utilization prices due to the ongoing impact of COVID-19 our skill to maintain or attain advancement in the Facilities for Medicare and Medicaid Products and services (CMS) Star rankings and manage or obtain advancement in other good quality scores in every situation that can effects income and long term expansion the threat that the election of new directors, improvements in senior management, and any incapacity to keep vital personnel may well generate uncertainty or negatively impact our capability to execute quickly and efficiently uncertainty as to the expected financial general performance of the merged company adhering to the latest completion of the acquisition of Magellan Overall health, Inc. (the Magellan Acquisition) the risk that the anticipated synergies and value generation from the Magellan Acquisition or the acquisition of WellCare Wellness Options, Inc. (the WellCare Acquisition) (or other obtained corporations) will not be understood, or will not be recognized within the respective envisioned time intervals disruption from the integration of the Magellan Acquisition or from the integration of the WellCare Acquisition surprising prices, or very similar challenges, from other acquisitions or inclinations we may announce or total from time to time, such as probable adverse reactions or modifications to business enterprise associations with consumers, employees, suppliers or regulators, earning it much more tricky to retain business and operational interactions the threat that the closing circumstances, such as applicable regulatory approvals, for the pending disposition of Magellan Specialty Well being might be delayed or not received impairments to true estate, investments, goodwill and intangible property a downgrade of the credit rating score of our indebtedness level of competition membership and income declines or surprising developments alterations in health care procedures, new technologies, and advances in medication amplified health care fees adjustments in economic, political or market problems adjustments in federal or state legislation or laws, together with alterations with respect to cash flow tax reform or government healthcare applications as properly as adjustments with respect to the Patient Defense and Reasonably priced Care Act and the Well being Care and Schooling Affordability Reconciliation Act (collectively referred to as the ACA) and any polices enacted thereunder that may possibly outcome from switching political ailments, the recent administration or judicial steps level cuts or other payment reductions or delays by governmental payors and other hazards and uncertainties impacting our government organizations our capability to adequately cost products and solutions tax issues disasters or major epidemics changes in anticipated agreement start dates provider, condition, federal, overseas and other agreement modifications and timing of regulatory approval of contracts the expiration, suspension, or termination of our contracts with federal or state governments (together with, but not limited to, Medicaid, Medicare, TRICARE or other shoppers) the problem of predicting the timing or outcome of legal or regulatory proceedings or matters, together with, but not constrained to, our capacity to take care of promises and/or allegations made by states with regard to previous tactics, which includes at Envolve Pharmacy Solutions, Inc. (Envolve), as our pharmacy benefits supervisor (PBM) subsidiary, within the reserve estimate we previously recorded and on other appropriate phrases, or at all, or irrespective of whether supplemental claims, evaluations or investigations relating to our PBM organization will be introduced by states, the federal govt or shareholder litigants, or authorities investigations the timing and extent of added benefits from our price creation strategy, together with the likelihood that the advantages been given may be reduced than predicted, may well not manifest, or will not be understood within just the expected time intervals troubles to our deal awards cyber-attacks or other privacy or info protection incidents the exertion of management’s time and our methods, and other expenditures incurred and enterprise modifications demanded in link with complying with the undertakings in connection with any regulatory, governmental or third bash consents or approvals for acquisitions or dispositions any improvements in envisioned closing dates, believed invest in rate and accretion for acquisitions or tendencies limits and constraints in relationship with our indebtedness the availability of personal debt and equity financing on conditions that are favorable to us inflation foreign currency fluctuations and risks and uncertainties talked over in the reports that Centene has filed with the Securities and Trade Fee. This list of crucial factors is not intended to be exhaustive. We discuss particular of these matters extra totally, as effectively as particular other elements that may well have an impact on our enterprise functions, financial condition and results of operations, in our filings with the Securities and Trade Fee (SEC), like our once-a-year report on Type 10-K, quarterly experiences on Variety 10-Q and latest reports on Type 8-K. Thanks to these vital elements and hazards, we are unable to give assurances with respect to our long term performance, which includes with no limitation our capability to maintain enough high quality levels or our ability to regulate our long run healthcare and advertising, typical and administrative costs.
Resource Centene Corporation