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. We salute the Veterans and members of military families who have joined our team. 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. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Centene Corporation, a Fortune 25 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. . Article content. 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. ", "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. The median estimated compensation for executives at Centene Corporation including base salary and bonus is $235,905, or $113 per hour. Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. Get alerted any time new stories match your search criteria. Sarah London is the Chief Executive Officer of Centene Corporation, a diversified healthcare enterprise providing a portfolio of government-sponsored healthcare programs focusing on. She replaces Michael Neidorff, who took a medical leave of absence in February 2022. . Dec 5, 2022. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The oldest executive at Centene Corp. is RobertDitmore, 86, who is the Presiding Independent Director. 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. This is the Centene company profile. Sarah London | 2022 Most Powerful Women. 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 theHealth Insurance Marketplace, the TRICARE program, and individuals in correctional facilities. Our local approach allows us to help members access high-quality, culturally sensitive healthcare services. 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. London is also dedicated to prioritizing wellness for employees, including through enhanced caregiver benefits. By continuing to use our site, you agree to our Privacy Policy and Terms and Conditions. This was for his contribution to the growth of Centene, which has expanded rapidly under his leadership. 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. 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. Bloomberg View columnist Barry Ritholtz looks at the people and ideas that shape markets, investing and business. 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. 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. Forward-Looking StatementsAll statements, other than statements of current or historical fact, contained in this press release are forward-looking statements. $110k $170k $233k $375k He is One of the Top 20 Business People. 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. Between 2011 and 2020, Centene grew from 1.8M members in 12 states to 25.5M members nationwide. Centene ( NYSE: CNC) said it had appointed Sarah London to succeed Michael Neidorff as the Chief . 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. It has $125 billion in annual revenue, and it ranks 26th in the United States in terms of revenue. 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. 831 salaries for 310 jobs at Centene in Santa Fe, TX. You may also find the annual proxy statement by going directly to the company's website. 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 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. Magna Cum Laude in History & Literature from Harvard College, where she played Division I tennis. Sarah M. London. In this episode, Bronson explains how the lessons he learned in the kitchen translated to the booth, the reason money can never be the motivation for creating art, and why he believes that imperfections are the best part of any masterpiece. [40] Coronavirus Tips Working and Protection. Office phone: (773) 834-4302 Fax: (773) 702-6898 Office: BPSB 125C [email protected]. 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. Centene was once a regional health insurer. 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. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. 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. London spent a year working at Creative Artists Agency in Los Angeles. 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. These statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions. Glassdoor. ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; 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 . 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. 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. 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. Modern Healthcare empowers industry leaders to succeed by providing unbiased reporting of the news, insights, analysis and data. 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. 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.". From September 2011 to June 2016, he served as the Company's Senior Vice President, Business Development. As at CENTENE CORP, made $0 in total compensation. All forward-looking statements included in this press release are based on information available to us on the date hereof. St. L. Link Centene website Since our founding as a single healthcare plan in 1984, Centene is focused on improving the health of the communities we serve. Together, we can deliver innovative, integrated, and equitable care that meets our members where they live and exceeds their expectations. 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. 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. Public salaries . 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. 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). 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. Sarah London, previously appointed President, Health Care Enterprises and Executive Vice President of Advanced Technology, will continue in these roles. She served next as a partner at Optum Ventures. 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 . And adjusted. Neidorff was the Clayton, Missouri-based health insurance giants chairman as well as its CEO. Biography. 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. ", This is a BETA experience. 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. According to ZoomInfo records, Sarah London's professional experience began in 2012. Centene executives and other stock owners filed with the SEC include: Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens, Stocks and cryptocurrency portfolio tracker. 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. 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. . This morning we reported second quarter revenues at $27.7 billion, an increase of 51% over the second quarter of 2019. Mr. Neidorff remains on a previously announced medical leave of absence from his position on the Board of the Company. Create an alert to follow a developing story, keep current on a competitor, or monitor industry news. She spent two years working in film production management, first at Creative Artists Agency in Los Angeles, and then at Kennedy/Marshall Co., the company that produced E.T.. The average Centene Corporation executive compensation is $233,970 a year. Delayed Nyse 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. "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. Ms. London began her healthcare career at Health Leads, a nationally-recognized social enterprise that partners with healthcare organizations to address social determinants of health by connecting patients to the community-based resources needed to support high-quality, cost-effective health outcomes. She graduated from the school with a bachelors degree in literature in 2002. 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. 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. Spencer Stuart. FORTUNE magazine continuously ranks us as one of America's fastest-growing companies. Centene Salaries trends. Mr. Neidorff remains on a previously announced medical leave of absence from his position on the Board of the Company. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, https://investors.centene.com/. In their new roles, Ms. London and Mr. Layton will each report to . Sarah London. We have a unique opportunity to empower our members, providers, and their communities in this transformation.. The information shown here is a reporting of information included in the company's proxy statement. Sarah London CEO, Centene Tweet More As Centene's first woman CEO, London has been instrumental in helping the insurer boost earnings and grow its core lines of business. 1. Ms. London has spent her career at the forefront of innovation in healthcare. Since then Sarah has changed 3 companies and 3 roles. 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. 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. 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. 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. Object Shot Down Over Canada in Escalating Aerial Drama. Prior to her appointment as CEO, Ms. London served as Vice Chairman of the Centene Board of Directors. 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. Before joining Centene in 2020, Ms. London was a Partner at Optum Ventures, the venture capital arm of UnitedHealth Group. 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. Her strategic thinking, fresh perspective and diverse experience make her the natural leader to harness the potential of Centene, Dallas said. 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. ESG: The Implementation Imperative Summit.