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The health of individuals drives our focus on the environment, removing social barriers to health, and . Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. . 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. Sarah's mailing address filed with the SEC is 7700, Forsyth Boulevard, Clayton, Saint Louis County, Missouri, 63105, United States. About Us; 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. 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. Schwaneke will report to Sarah London, President, Health Care Enterprises and Executive Vice President, Advanced Technology, HealthCare Enterprises. There are 29 older and 1 younger executives at Centene. "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. Kevin Carmichael: Canada's 'blowout' jobs report raises questions about the path of interest rates. Copyright 2023 Surperformance. She later worked for the company that produced "E.T.". Create an alert to follow a developing story, keep current on a competitor, or monitor industry news. 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. 48% of all employees identify as people of color, including 36% at the supervisory + level. 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. 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. Dec 5, 2022. And for those of us who are survivors of US health plans, top payer Centene, after 25 years of one man at the top, now has a new CEO, effective immediately. 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. Michael Neidorff made it on to this list in 2017 in 17th position. 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. All forward-looking statements included in this press release are based on information available to us on the date hereof. 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). Sarah M. London. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. I write about healthcare business and policy. "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," London said in a statement. 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 have been consistently impressed by Sarah's passion to serve our members, who are often the most vulnerable amongst us. We have a unique opportunity to empower our members, providers, and their communities in this transformation.. 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. .advancing integrated, value-based care models through the development and application of data-driven insights and technology. Londons promotion to CEO is effective immediately, Centene said. "I am delighted that the Board has appointed Sarah as CEO. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, https://investors.centene.com/. All proxy statements are public filings made available to the general public by the SEC. Article content. Centene generated revenue of $126 billion in 2021, a 13% increase over the year prior as more people were enrolled in Medicaid plans following the pandemic. You may also find the annual proxy statement by going directly to the company's website. 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. Biography. CB Rank (Person) 87,126. 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. Neidorff . U.S. health insurer Centene Corp on Tuesday named Vice Chairman Sarah London as its new chief executive officer, replacing Michael Neidorff, who is on medical leave. Ken Fasola. Dont forget you can visit MyAlerts to manage your alerts at any time. Neidorff was the Clayton, Missouri-based health insurance giants chairman as well as its CEO. . Health insurer Centene names Sarah London as new CEO Back to video. In the biggest economic-development deal in state history, the CEO of health-insurance giant Centene said Wednesday that it will build an East Coast regional headquarters and technology hub on an 80-acre site in the University City area a massive project that he said could . FORTUNE magazine continuously ranks us as one of America's fastest-growing companies. Her focus has been advancing integrated, value-based care models through the development and application of data-driven insights and technology. "Sarah has infused an innovative mindset across the enterprise in her relentless effort to improve Centene's capabilities to provide the highest quality of care for our members. In Illinois alone, over the same period, Centene grew from approximately 16,300 members in the Chicago area to nearly 1 million members in every county in the state. Sarah London is the Chief Executive Officer of Centene Corporation, a diversified healthcare enterprise providing a portfolio of government-sponsored healthcare programs focusing on under-insured and uninsured individuals to more than 26 million Americans. In 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. All forward-looking statements included in this press release are based on information available to us on the date hereof. 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. Sarah London Age : 42 Public asset : 24,128,130 USD Country of residence : Unknown Linked companies : Centene Corporation Biography of Sarah London Presently, Sarah London is President-Health Care Enterprises at Centene Corp. MH magazine offers content that sheds light on healthcare leaders complex choices and touch pointsfrom strategy, governance, leadership development and finance to operations, clinical care, and marketing. 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 . 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When typing in this field, a list of search results will appear and be automatically updated as you type. Mr. Neidorff remains on a previously announced medical leave of absence from his position on the Board of the Company. Biography. 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. The most active insiders traders include Michael F Neidorff, Frederick H Eppinger, and Edward L Cahill. The median estimated compensation for executives at Centene Corporation including base salary and bonus is $235,905, or $113 per hour. 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. Together, we can deliver innovative, integrated, and equitable care that meets our members where they live and exceeds their expectations. Delayed Nyse The chart on this page features a breakdown of the total annual pay for , at CENTENE CORP as reported in their proxy statements. 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. 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. 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For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. --------------------------------------------------------------------------------. As at CENTENE CORP, made $0 in total compensation. Centene shuffled its senior management ranks Wednesday, elevating Ken Fasola to become president of the health insurer, reporting to chief executive officer Sarah London. But how CEO Sarah London decides to move the company. Ms. London has spent her career at the forefront of innovation in healthcare. Magna Cum Laude in History & Literature from Harvard College, where she played Division I tennis. Since then Sarah has changed 3 companies and 3 roles. and strategy roles with the health insurer, the company said March 22, 2022. Ms. Centene was once a regional health insurer. 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. 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 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. Between 2011 and 2020, Centene grew from 1.8M members in 12 states to 25.5M members nationwide. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. London, who has been vice chairman of Centenes board, has led the companys technology and digital strategy while also running the health insurers health care enterprises and specialty divisions, corporate strategy, quality operations, internal audit, compliance and risk management, the company said. "I am delighted that the Board has appointed Sarah as CEO. VP of Advanced Technology & Vice Chairman at Centene. Ms. London received an M.B.A. with High Honors from the University of Chicago Booth School of Business and a B.A. Together, we can deliver innovative, integrated, and equitable care that meets our members where they live and exceeds their expectations. 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. Since then, the company has become a major force in the commercial health insurance market by acquiring Health Net, a California health insurer; WellCare Health Plans, a big Medicare plans issuer; and Magellan Health, a behavioral health, specialty care and pharmacy benefits manager. She started in data analytics at Optum and later was a partner in its venture capital arm. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. We have a unique opportunity to empower our members, providers, and their communities in this transformation. 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.". Opinions expressed by Forbes Contributors are their own. Sarah London received her BA in Biology and Psychology from Middlebury College and her PhD in Neuroscience from UCLA. Centene ( NYSE: CNC) said it had appointed Sarah London to succeed Michael Neidorff as the Chief . By Tony Mecia. Her strategic thinking, fresh perspective and diverse experience make her the natural leader to harness the potential of Centene," said James Dallas, Acting Chairman of Centene. Jim Murray. Listen to free podcasts to get the info you need to solve business challenges! Learn about Centene MISSING VALUE office. HealthCare Enterprises is a portfolio of high growth companies independent of Centene health plans, designing differentiated platform capabilities and delivering industry-leading products and . ", 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. In her past career Ms. London held the position of Vice President-Client Management & Operations at Humedica, Inc., Senior Principal & Partner at Optum Venture Management LLC and Head-Marketing & Media Relations at Omega Protein Corp. 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