Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. 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. Sarah London received her BA in Biology and Psychology from Middlebury College and her PhD in Neuroscience from UCLA. Mr. Neidorff remains on a previously announced medical leave of absence from his position on the Board of the Company. March 22, 2022 Centene Corporation (NYSE: CNC) announced today that Sarah London, Vice Chairman of Centene, has been appointed Chief Executive Officer, effective immediately, succeeding Michael Neidorff. . You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). 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. Previously, she served as Chief Product Officer for Optum Analytics and Vice President of Client Services & Operations at Humedica. She started in data analytics at Optum and later was a partner in its venture capital arm. We have a unique opportunity to empower our members, providers, and their communities in this transformation. Biography. Sarah London, vice chairman of the board of directors at Centene (NYSE: CNC), has accepted additional responsibilities as CEO of the St. Louis-based health insurer. 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. You may also find the annual proxy statement by going directly to the company's website. Centene Salaries (March 2023) - Zippia ", "I am honored and humbled to have been selected as the next CEO of Centene and to work alongside extraordinary colleagues to provide quality healthcare to over 26 million Americans," said Ms. London. Centene salaries: How much does Centene pay? | Indeed.com 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. Centene Company Profile | Management and Employees List - Datanyze Centenes mission to transform the health of our communities one member at a time has never been more relevant, London said in a statement. "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. Centene Corporation's highest paid executives include: Jesse Hunter $4,442,868 and Keith Williamson $3,049,469. Sarah's mailing address filed with the SEC is 7700, Forsyth Boulevard, Clayton, Saint Louis County, Missouri, 63105, United States . Sarah M. London is the Pres of Health Care Enterprises & Exec. 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. Sarah London. Centene (@Centene) / Twitter The salaries that employees earn in Centene can be influenced by the department or organization function that they work in. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Currently, Sarah London works as a Chief Executive Officer at Centene. We have a unique opportunity to empower our members, providers, and their communities in this transformation. The health of individuals drives our focus on the environment, removing social barriers to health, and prioritizing responsible corporate governance. Prior to Centene, she was an Operating Partner at Optum Ventures, the venture capital arm of UnitedHealth Group. Based on our analysis, the employees in engineering earn salaries at Centene that are well above average, with yearly earnings averaging $97,613. By Tony Mecia. Neidorff turned it into a national player by competing aggressively for state Medicare contracts. The board of Centene has picked Sarah London an executive with roots in venture capital and talent management to succeed Michael Neidorff as the companys CEO. According to ZoomInfo records, Sarah London's professional experience began in 2012. London is also dedicated to prioritizing wellness for employees, including through enhanced caregiver benefits. . Sarah London, Centene CEO, joins 'Power Lunch' to discuss disruptions in the Medicaid market, collaboration between Centene and state agencies and data driven decision-making to improve. 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. Centene expects to lose 2.2M Medicaid members in 2023 | Modern Healthcare 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 started at Optum as the chief product officer at Optum Analytics. Centene shuffled its senior management ranks Wednesday, elevating Ken Fasola to become president of the health insurer, reporting to chief executive officer Sarah London. Between June 2021 and January 2022, Centene agreed to settlements with several states on behalf of their subsidiary, Envolve, a pharmacy benefit manager, including Ohio, Mississippi, Illinois, Arkansas, and New Hampshire to resolve allegations of overpayments to the PBM from the states' Medicaid programs. The average Centene Corporation executive compensation is $233,970 a year. 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. ", "I am honored and humbled to have been selected as the next CEO of Centene and to work alongside extraordinary colleagues to provide quality healthcare to over 26 million Americans," said Ms. London. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions. Executive Leadership | Centene Corporation 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. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, https://investors.centene.com/. Sarah's mailing address filed with the SEC is 7700, Forsyth Boulevard, Clayton, Saint Louis County, Missouri, 63105, United States. Jobs People Learning Dismiss Dismiss. She later worked for the company that produced "E.T.". There are 29 older and 1 younger executives at Centene. 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. 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. Biography. Average Centene hourly pay ranges from approximately $13.23 per hour for Quality Assurance Engineer to $54.71 per hour for Senior Case Manager. Charlotte Ledger. Spencer Stuart. 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 . 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. UnitedHealths Optum unit acquired Humedica in 2013. Dont forget you can visit MyAlerts to manage your alerts at any time. 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. Prior to her appointment as CEO, Ms. London served as Vice Chairman of the Company, and . Together, we can deliver innovative, integrated, and equitable care that meets our members where they live and exceeds their expectations. 5.0 . Learn about Centene MISSING VALUE office. Brent Layton, President and Chief Operating Officer of Centene, stated, "Sarah brings a tremendous skillset to the leadership of Centene Corporation, and I'm excited to partner closely with her as Centene begins our journey into the next era of our history. Mar. About Centene | Centene Corporation 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. Neidorff remains on a previously announced medical leave of absence from his position on the board of the company. Sarah London - Crunchbase Person Profile This morning we reported second quarter revenues at $27.7 billion, an increase of 51% over the second quarter of 2019. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 1. 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. Centene Corporation, (d) Election of Sarah London as a Member of the Board, ITEM 5.03 AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL The most recent stock trade was executed by Andrew Lynn Asher on 9 February 2023, trading 6,800 units of CNC stock currently worth $489,124. -, Health Net Providing Special Assistance to Members Affected by Winter Storms, Centene to present at barclays 2023 global healthcare conference, Mizuho Securities Adjusts Centene Price Target to $80 From $92, Maintains Neutral Rating. Dec 5, 2022. Get ready to start hearing the name "Centene" a lot more around Charlotte. Centene Names Venture Capital Veteran CEO | ThinkAdvisor I'm thrilled to be part of this management team, and I firmly believe in the potential of this Company to continue its remarkable history of accomplishment within the healthcare industry.". 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. Big Jumps In Diversity Fuel Surge In U.S. Tennis Participation Since 2020, Walgreens-Backed VillageMD Buys 30-Location Physician Group In Connecticut, Banning Abortion Pill Mifepristone Would Set A Dangerous Precedent For The Politicization Of Public Health, Ukraine Wars Toll Of Death, Destruction, Displacement, And Trauma: Fresh Evidence Of Systematic Planning Of Torture Leaves Behind An Indelible Mark, Walmart To Double Health Clinic Footprint As Amazon And Rivals Buy Doctor Offices, Covid-19s Enormous Death Toll: Worldwide Life Expectancy Has Experienced A Steep Decline, Questions Scientists Should Now Explore With Respect To Covid-19, Sustainable Development A Smart Solution for Africa and the Middle East, And less than a month ago, Centene said Neidorff. Sarah London is the Chief Executive Officer of Centene Corporation, a diversified healthcare enterprise providing a portfolio of government-sponsored healthcare programs focusing on. [40] Together, we can deliver innovative, integrated, and equitable care that meets our members where they live and exceeds their expectations. Sarah London Work Experience and Education. 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. 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. Office phone: (773) 834-4302 Fax: (773) 702-6898 Office: BPSB 125C london@uchicago.edu. 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. Centene Appoints Sarah London As Chief Executive Officer As Centenes first woman CEO, London has been instrumental in helping the insurer boost earnings and grow its core lines of business. About Us; 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). You may opt-out by. Sarah London - Chief Executive Officer - Centene | ZoomInfo YEAR. 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. 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. 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. Sarah London - Biography - MarketScreener Centene CEO outlines plans for massive Charlotte campus; commits to 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. Centene Appoints Sarah London As Chief Executive Officer Nov 2013 - Mar 20173 years 5 months. 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. Schwaneke will report to Sarah London, President, Health Care Enterprises and Executive Vice President, Advanced Technology, HealthCare Enterprises. 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. He is One of the Top 20 Business People. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CENTENE TO PRESENT AT BARCLAYS 2023 GLOBAL HEALTHCARE CONFERENCE, Centene Addresses Social Isolation in Schools with National No One Eats Alone Day. 831 salaries for 310 jobs at Centene in Santa Fe, TX. Sarah London - Charlotte Business Journal CENTENE CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Executive Compensation Data Year: Trend Analysis As at CENTENE CORP, made $0 in total compensation. 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. Jan 3, 2023 09:43pm. She later earnedan MBA from the University of Chicago. 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.". 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 Corporation and Brent Layton as President and Chief Operating Officer of 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. Working At Centene: Employee Reviews And Culture - Zippia Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. 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. 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Your article was successfully shared with the contacts you provided. Centene appoints venture capital veteran as new CEO - Charlotte Region 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. 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. Ms. While at Optum Ventures, she oversaw investments in companies such as IDx, a startup that uses artificial intelligence to detect diabetic retinopathy, and Apervita, a health care quality data company. London played Division I tennis at Harvard. 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. As at CENTENE CORP, made $0 in total compensation. President. 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 Corporation on LinkedIn: Sarah London | 2022 Most Powerful This report is not for commercial use. London takes over a company that is a national player among the biggest names in health insurance, particularly in working with states to manage their Medicaid health insurance for poor Americans and providing individual coverage under the Affordable Care Act. She graduated from the school with a bachelors degree in literature in 2002. Sarah London was named Centene CEO, taking over from Michael Neidorff, who will remain the company's chairman. Centene Vice Chair Sarah London Adds CEO Title - GovCon Wire Centene Profile and History . 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 . Centene Names Venture Capital Veteran CEO, Life Health > Health Insurance > Medicare Planning, News 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 Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, https://investors.centene.com/. Sarah London, Chief Executive Officer, Centene, Chief Executive Officer 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.". She said about her new role that the health care landscape is changing rapidly. 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. Her focus has been advancing integrated, value-based care models through the development and application of data-driven insights and technology. Her strategic thinking, fresh perspective and diverse experience make her the natural leader to harness the potential of Centene," Centenes Acting Chairman, James Dallas said in a statement. 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. Health insurer Centene names Sarah London as new CEO Back to video. "I am delighted that the Board has appointed Sarah as CEO. This list of important factors is not intended to be exhaustive. In 2010, she helped start a health care cost and quality data business for Accretive Health, a medical billing and debt collection company. The oldest executive at Centene Corp. is RobertDitmore, 86, who is the Presiding Independent Director. Mr. Neidorff remains on a previously announced medical leave of absence from his position on the Board of the Company. Opinions expressed by Forbes Contributors are their own. 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. 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? Centene Corp.'s decision to cancel its planned East Coast hub in University City will cost Charlotte at least 3,000 expected jobs. Chicago/NYC. Sarah London, Chief Executive Officer, Centene Corporation Sarah London leads Centene, a diversified enterprise that has grown to become the leading provider of government-sponsored healthcare, with an established expertise serving lower income and medically complex populations. 1. 22, 2022 4:57 PM ET Centene Corporation (CNC) By: Dania Nadeem, SA News Editor 4 Comments. Ms. London has spent her career at the forefront of innovation in healthcare. Get alerted any time new stories match your search criteria. Centene offers affordable and high-quality products to nearly 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by the Health Insurance Marketplace, the TRICARE program, and individuals in correctional facilities. Ms. London received an M.B.A. with High Honors from the University of Chicago Booth School of Business and a B.A. 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. I have been consistently impressed by Sarahs passion to serve our members, who are often the most vulnerable amongst us.. Health insurer Centene names Sarah London as new CEO David Westin speaks with top names in finance about the week's biggest issues on Wall Street. "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. In announcing the 41-year-old Londons elevation to Centenes top job, the company described her as at the forefront of innovation in healthcare . 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. Mizuho Securities Adjusts Centene Price Target to $80 From $92, Maintains Neutral Ratin.. North American Morning Briefing: Stock Futures -3-, Centene Addresses Social Isolation in Schools with National No One Eats Alone Day. London succeeds Michael Neidorff, who went on medical leave late last month, the company said. Chief Financial Officer. Modern Healthcare empowers industry leaders to succeed by providing unbiased reporting of the news, insights, analysis and data. When typing in this field, a list of search results will appear and be automatically updated as you type. . 396 Ratings. Gender Female. Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. Women represent 76% of our employees and 65% of employees in supervisory positions. She replaces Michael Neidorff, who took a medical leave of absence in February 2022. . Oregon health agency approves Amazon, One Medical acquisition, moving $3.9B deal one step forward. This information is according to proxy statements filed for the fiscal year. ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; By continuing to use our site, you agree to our Privacy Policy and Terms and Conditions. Centene Drew Takeover Interest From Cigna in Recent Months 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. 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.
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