8-KLeadership Changes

CENTENE CORP 8-K Report, Executive Changes (Feb 5, 2018)

Filed February 5, 2018For Securities:CNC

Summary

Centene Corporation (CNC) announced on February 5, 2018, a significant addition to its Board of Directors with the election of Jessica L. Blume. Ms. Blume brings a wealth of experience, having served as Vice Chairman and a partner at Deloitte for 20 years, where she held leadership positions on the Deloitte LLP Board of Directors, including Chair of the Executive Compensation and Evaluation Committee. Her extensive background in corporate governance and finance is expected to be a valuable asset to Centene's board. Ms. Blume's appointment is effective immediately, and she will serve as a Class II director until the April 2018 Annual Meeting of Stockholders. Importantly, she has been appointed to key committees, namely the Audit Committee and the Technology Committee, indicating the board's strategic focus on financial oversight and technological advancements. Investors should note that Ms. Blume will participate in the company's standard director compensation plan.

Key Highlights

  • 1Jessica L. Blume elected to Centene's Board of Directors as a Class II director.
  • 2Ms. Blume brings extensive experience from her 20-year tenure at Deloitte, including serving as Vice Chairman and on the Deloitte LLP Board of Directors.
  • 3She held significant roles at Deloitte, such as Chair of the Executive Compensation and Evaluation Committee.
  • 4Ms. Blume has been appointed to serve on Centene's Audit Committee and Technology Committee.
  • 5Her appointment is effective February 5, 2018, and she will stand for re-election at the April 2018 Annual Meeting of Stockholders.
  • 6Ms. Blume currently serves on the Board of Directors of Publix Super Markets, Inc.

Frequently Asked Questions

Jessica L. Blume's appointment is significant as she brings substantial experience in corporate governance, finance, and executive compensation from her long career at Deloitte, including serving on its board. Her expertise is expected to strengthen the board's oversight, particularly in areas related to audit and technology.

Ms. Blume has been appointed to serve on Centene's Audit Committee and Technology Committee.

No, Ms. Blume will participate in Centene's standard director compensation program, as outlined in the company's 2017 Proxy Statement.

Ms. Blume had a distinguished career at Deloitte for 20 years, retiring as Vice Chairman in 2015. During her tenure, she was a partner, served on the Deloitte LLP Board of Directors, and chaired the Executive Compensation and Evaluation Committee, among other board roles. She also currently serves on the Board of Directors of Publix Super Markets, Inc.