8-KLeadership ChangesRegulation FDExhibits & Filings

CENTENE CORP 8-K Report, Executive Changes (Aug 17, 2026)

Filed August 17, 2026For Securities:CNC

Summary

Centene Corporation (CNC) has announced a significant leadership transition in its finance department. Effective December 31, 2026, Chief Financial Officer Andrew Asher will retire from his role but will continue to support the company as a Strategic Advisor through the end of 2027 to ensure a smooth handover and assist with strategic initiatives. This transition is designed to leverage Mr. Asher's experience during a crucial period. To ensure continuity and bring in fresh expertise, Centene has appointed Christopher Neczypor as the successor CFO, effective January 1, 2027. Mr. Neczypor brings substantial financial and strategic experience, including prior CFO and Chief Strategy Officer roles at Lincoln National Corporation, and a background in investment management focused on the insurance sector. His appointment is accompanied by a comprehensive employment agreement outlining his compensation and responsibilities leading up to and following his official CFO tenure, including an initial Executive Vice President role starting September 1, 2026.

Key Highlights

  • 1CFO Andrew Asher to retire effective December 31, 2026, transitioning to a Strategic Advisor role until end of 2027.
  • 2Christopher Neczypor appointed as successor Chief Financial Officer, effective January 1, 2027.
  • 3Mr. Neczypor previously served as CFO and Chief Strategy Officer at Lincoln National Corporation.
  • 4Mr. Neczypor's compensation package includes a $1,100,000 base salary, a target bonus of 150% (up to 200%), and significant long-term equity awards ($5,250,000 annually starting 2027).
  • 5Mr. Neczypor will receive a $10,000,000 "make-whole" restricted stock unit grant and a $2,000,000 cash sign-on bonus to compensate for forfeited compensation from his previous employer.
  • 6Centene reaffirms its full-year 2026 adjusted diluted EPS guidance of greater than $4.80.
  • 7The company anticipates an orderly transition, leveraging Mr. Asher's ongoing advisory role for strategic support.

Frequently Asked Questions

Andrew Asher will retire as CFO on December 31, 2026. Christopher Neczypor is set to officially assume the CFO role on January 1, 2027. However, Mr. Neczypor will begin his tenure with Centene on or about September 1, 2026, as Executive Vice President, reporting to the CEO.

Following his retirement as CFO on December 31, 2026, Andrew Asher will serve as a Strategic Advisor to the Company, reporting to the CEO through the end of 2027. This role is intended to ensure an orderly transition and support specific strategic initiatives.

Christopher Neczypor, age 45, has extensive financial experience, most recently serving as CFO and previously as Chief Strategy Officer at Lincoln National Corporation. His background also includes roles in investment risk, strategy, and investment management focused on the insurance industry, as well as an auditor at PwC.

Mr. Neczypor's compensation includes an annual base salary of $1,100,000, a target annual cash bonus of 150% of his base salary (with potential up to 200%), and annual long-term equity incentive awards valued at target of $5,250,000 starting in 2027. He will also receive a $10,000,000 "make-whole" restricted stock unit grant and a $2,000,000 cash sign-on bonus.

No, Centene has reaffirmed its previously issued full-year 2026 adjusted diluted earnings per share (EPS) guidance of greater than $4.80, along with all other associated full-year guidance metrics provided on July 28, 2026.