Summary
Centene Corporation (CNC) announced on March 1, 2016, the retirement of its Executive Vice President and Chief Financial Officer, Mr. William N. Scheffel. This transition was not unexpected, as the company had already announced on August 12, 2015, that Mr. Jeffrey A. Schwaneke would assume the CFO role upon Mr. Scheffel's retirement. This filing primarily serves to formally document the executed transition, ensuring continuity in financial leadership for the company.
Key Highlights
- 1Formal announcement of Mr. William N. Scheffel's retirement as Executive Vice President and Chief Financial Officer, effective March 1, 2016.
- 2Confirmation of Mr. Jeffrey A. Schwaneke's appointment as the new Executive Vice President and Chief Financial Officer.
- 3The CFO transition was previously disclosed in an August 12, 2015 filing, indicating a planned and orderly handover.
- 4This 8-K filing (Item 5.02) primarily addresses executive officer changes and personnel matters.
- 5No new financial results or strategic initiatives are disclosed in this specific filing; it focuses on executive succession.
Frequently Asked Questions
Mr. Jeffrey A. Schwaneke has been appointed as the new Executive Vice President and Chief Financial Officer of Centene Corporation.
The change in Chief Financial Officer officially took effect on March 1, 2016, coinciding with the retirement of the previous CFO, Mr. William N. Scheffel.
No, this transition was not unexpected. Centene Corporation had previously announced on August 12, 2015, that Mr. Jeffrey A. Schwaneke would succeed Mr. Scheffel upon his retirement.
No, this particular 8-K filing (dated March 1, 2016) does not contain new financial performance data or strategic updates. Its purpose is limited to reporting the change in its Chief Financial Officer.