8-KLeadership ChangesRegulation FDExhibits & Filings

CENTENE CORP 8-K Report, Executive Changes (Mar 22, 2022)

Filed March 22, 2022For Securities:CNC

Summary

Centene Corporation (CNC) announced a significant leadership change in an 8-K filing on March 22, 2022. Effective March 21, 2022, Sarah M. London has been appointed Chief Executive Officer, succeeding Michael F. Neidorff. Ms. London was previously Vice Chairman and a member of the Office of the Chairman, and her promotion signifies a shift in the company's operational oversight, with the Office of the Chairman no longer managing day-to-day operations in its previous capacity. This leadership transition comes as Mr. Neidorff is on a previously announced medical leave of absence from the Board. Investors should note that while Ms. London's appointment is effective immediately, the company has not yet determined any modifications to her existing compensatory arrangements. Further biographical details for Ms. London are available in the company's 2022 proxy statement and an attached press release.

Key Highlights

  • 1Sarah M. London appointed as the new Chief Executive Officer (CEO) of Centene Corporation, effective immediately.
  • 2Ms. London succeeds Michael F. Neidorff as CEO.
  • 3The Office of the Chairman will no longer oversee day-to-day management following Ms. London's appointment.
  • 4Michael F. Neidorff remains on a medical leave of absence from the Board.
  • 5Compensation arrangements for Ms. London in her new CEO role have not yet been determined.
  • 6The company attached a press release (Exhibit 99.1) detailing these leadership changes.

Frequently Asked Questions

Sarah M. London has been appointed as the new Chief Executive Officer of Centene Corporation, effective March 21, 2022.

Michael F. Neidorff is on a previously announced medical leave of absence from his position on the Board of Directors.

As of the filing date, Centene Corporation has not yet made any determinations regarding modifications to Ms. London's compensatory arrangements in connection with her appointment as CEO.

This indicates a shift in leadership structure, with the new CEO, Ms. London, now solely responsible for the day-to-day operational management of the company.