London spent a year working at Creative Artists Agency in Los Angeles. 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.". And less than a month ago, Centene said Neidorff was taking a medical leave of absence to address what he called a treatable medical condition, putting several executives including London to work to fill the void left by Neidorffs absence. By their nature, forward-looking statements involve known and unknown risks and uncertainties and are subject to change because they relate to events and depend on circumstances that will occur in the future, including economic, regulatory, competitive and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. 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. Chicago/NYC. All content is posted anonymously by employees working at Centene. This is the Centene company profile. "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," London said in a statement. David Westin speaks with top names in finance about the week's biggest issues on Wall Street. Sarah London Work Experience and Education. Centene Corporation and Brent Layton as President and Chief Operating Officer of Will Others Follow? Ms. London previously served as the Company's Senior Vice President of Technology Innovation and Modernization, responsible for enterprise-wide technology strategy and execution with a focus on next-generation products and services. We have a unique opportunity to empower our members, providers, and their communities in this transformation. Biography. CENTENE CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. I have been consistently impressed by Sarah's passion to serve our members, who are often the most vulnerable amongst us. . This report is not for commercial use. 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. Centene Corporation, a Fortune 25 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. Ms. From September 2011 to June 2016, he served as the Company's Senior Vice President, Business Development. According to ZoomInfo records, Sarah London's professional experience began in 2012. ", This is a BETA experience. You may also find the annual proxy statement by going directly to the company's website. London succeeds Michael Neidorff, who went on medical leave late last month, the company said. CENTENE IS COMMITTED TO CORPORATE SUSTAINABILITY . Employees in the top 10 percent can make over $103,000 per year, while employees at the bottom 10 percent earn less than $33,000 per year. Centene now provides or administers health coverage for about 26 million people. $110k $170k $233k $375k Sarah's mailing address filed with the SEC is 7700, Forsyth Boulevard, Clayton, Saint Louis County, Missouri, 63105, United States . About Us; 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. Mr. Neidorff remains on a previously announced medical leave of absence from his position on the Board of the Company. Sarah London | 2022 Most Powerful Women. -, Health Net Providing Special Assistance to Members Affected by Winter Storms, Centene to present at barclays 2023 global healthcare conference, Mizuho Securities Adjusts Centene Price Target to $80 From $92, Maintains Neutral Rating. 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. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Based on our analysis, the employees in engineering earn salaries at Centene that are well above average, with yearly earnings averaging $97,613. "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, London added. 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. Ms. By Tony Mecia. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Mr. Neidorff remains on a previously announced medical leave of absence from his position on the Board of the Company. 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. March 22 (Reuters) - U.S. health insurer Centene Corp on Tuesday named Vice Chairman Sarah London as its new chief executive officer, replacing Michael Neidorff, who is on medical leave. Clayton-based Centene Corp. has appointed its vice board chair Sarah London as its new CEO. Prior to Centene, she was an Operating Partner at Optum Ventures, the venture capital arm of UnitedHealth Group. Her focus has been advancing integrated, value-based care models through the development and application of data-driven insights and technology. The most recent stock trade was executed by Andrew Lynn Asher on 9 February 2023, trading 6,800 units of CNC stock currently worth $489,124. Sarah's mailing address filed with the SEC is 7700, Forsyth Boulevard, Clayton, Saint Louis County, Missouri, 63105, United States. and strategy roles with the health insurer, the company said March 22, 2022. She soon moved to Humedica, a data analytics company. Sarah London 67% approve of Sarah London's performance Founded 1984 Company size more than 10,000 Revenue more than $10B (USD) Industry Healthcare Insurance Headquarters 7700 Forsyth Blvd. Net income dropped 26% to $1.3 billion. Since then, the company has become a major force in the commercial health insurance market by acquiring Health Net, a California health insurer; WellCare Health Plans, a big Medicare plans issuer; and Magellan Health, a behavioral health, specialty care and pharmacy benefits manager. Under Neidorff, Centene has grown into a national healthcare giant with revenues that eclipsed $126 billion in 2021 as more Americans sign up for Medicaid, the health insurance for low income patients it manages via contracts with states and individual coverage under the ACA known as Obamacare hits record levels. Object Shot Down Over Canada in Escalating Aerial Drama. Opinions expressed by Forbes Contributors are their own. Neidorff was the Clayton, Missouri-based health insurance giants chairman as well as its CEO. London, who became. She later earnedan MBA from the University of Chicago. 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. 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. "I am delighted that the Board has appointed Sarah as CEO. 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. All proxy statements are public filings made available to the general public by the SEC. All rights reserved. We salute the Veterans and members of military families who have joined our team. Forward-Looking StatementsAll statements, other than statements of current or historical fact, contained in this press release are forward-looking statements. She graduated from the school with a bachelors degree in literature in 2002. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. 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 . YEAR. Sarah M. London. 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. CB Rank (Person) 87,126. 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. 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. Join the conversation . I write about healthcare business and policy. --------------------------------------------------------------------------------. We have a unique opportunity to empower our members, providers, and their communities in this transformation. Kevin Carmichael: Canada's 'blowout' jobs report raises questions about the path of interest rates. Prior to her appointment as CEO, Ms. London served as Vice Chairman of the Centene Board of Directors. . This was for his contribution to the growth of Centene, which has expanded rapidly under his leadership. She started in data analytics at Optum and later was a partner in its venture capital arm. Brent Layton, President and Chief Operating Officer of Centene, stated, "Sarah brings a tremendous skillset to the leadership of Centene Corporation, and I'm excited to partner closely with her as Centene begins our journey into the next era of our history. 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. Centene has promoted Sarah London, the health insurance companys current board vice chair, to the job as Chief Executive Officer, succeeding the retiring Michael Neidorff, the company said Tuesday afternoon. Published Mar 22, 2022 < 1 minute read. 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. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, https://investors.centene.com/. Sign up for enewsletters and alerts to receive breaking news and in-depth coverage of healthcare events and trends, as they happen, right to your inbox. I'm thrilled to be part of this management team, and I firmly believe in the potential of this Company to continue its remarkable history of accomplishment within the healthcare industry.". 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. Get ready to start hearing the name "Centene" a lot more around Charlotte. Centene predicts big losses during Medicaid redeterminations Mari Devereaux Kris Tripplaar/Sipa USA Centene expects to lose an estimated 2.2 million Medicaid members during the redetermination. Ms. London joined Centene in 2020 as Senior Vice President of Technology Innovation and Modernization, overseeing the companys enterprise-wide technology strategy with a focus on next-generation products and services. And Centene has expanded into the business of Medicare Advantage, the privatized health benefits myriad health insurers offer senior via contract with the federal government. This morning we reported second quarter revenues at $27.7 billion, an increase of 51% over the second quarter of 2019. "Centene expects to lose an estimated 2.2 million Medicaid members during the redetermination process over the next 18 months, which would significantly dial Centene was once a regional health insurer. 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). 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. 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. Drew Asher. APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS, (c) Election of Sarah London as Vice Chairman of the Board of Directors of James Dallas, Centenes acting chairman, said the board sees London as a visionary leader. 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. Without limiting the foregoing, forward-looking statements often use words such as "believe," "anticipate," "plan," "expect," "estimate," "intend," "seek," "target," "goal," "may," "will," "would," "could," "should," "can," "continue" and other similar words or expressions (and the negative thereof). Total Cash Compensationinformation is comprised of yearly Base Pay and Bonuses. Brent Layton, President and Chief Operating Officer of Centene, stated, "Sarah brings a tremendous skillset to the leadership of Centene Corporation, and I'm excited to partner closely with her as Centene begins our journey into the next era of our history. 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. 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. U.S. health insurer Centene Corp on Tuesday named Vice Chairman Sarah London as its new chief executive officer, replacing Michael Neidorff, who is on medical leave. 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. 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. She later worked for the company that produced "E.T.". Michael Neidorff made it on to this list in 2017 in 17th position. Sarah London was named Centene CEO, taking over from Michael Neidorff, who will remain the company's chairman. Centene Centene has promoted Sarah London, the health insurance company's current board vice chair, to the job as Chief Executive Officer, succeeding the retiring Michael Neidorff, the. Since then Sarah has changed 3 companies and 3 roles. 5.0 . Sarah London. She replaces Michael Neidorff, who took a medical leave of absence in February 2022. . She joined a four-member office of the chairman in February, when Centene announced that Neidorff was taking a leave of absence to deal with a medical condition. Dismiss . Our local approach allows us to help members access high-quality, culturally sensitive healthcare services. In the biggest economic-development deal in state history, the CEO of health-insurance giant Centene said Wednesday that it will build an East Coast regional headquarters and technology hub on an 80-acre site in the University City area a massive project that he said could . . Without limiting the foregoing, forward-looking statements often use words such as "believe," "anticipate," "plan," "expect," "estimate," "intend," "seek," "target," "goal," "may," "will," "would," "could," "should," "can," "continue" and other similar words or expressions (and the negative thereof). 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. 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. President. Sarah London, previously appointed President, Health Care Enterprises and Executive Vice President of Advanced Technology, will continue in these roles. All forward-looking statements included in this press release are based on information available to us on the date hereof. "I also want to thank Michael Neidorff, Centene's visionary leader for more than 25 years. Centenes large size and central role in behavioral care management mean that it could affect what retirement planning clients Medicare plans look like, what the plans will cost, and how both working-age and older clients plans cover mental health care, behavioral health care and other types of care. Prior to her appointment as CEO, Ms. London served as Vice Chairman of the Centene Board of Directors. Centene CEO Sarah London joined CNBC 's Power Lunch with Bertha Coombs to discuss Centene's local approach as a differentiator, its data-driven strategies to enhance health outcomes, and. 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. FORTUNE magazine continuously ranks us as one of America's fastest-growing companies. Centene Profile and History . Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX. Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. 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. See reviews, salaries & interviews from Centene employees in MISSING VALUE. Presently, Sarah London is President-Health Care Enterprises at Centene Corp. Dont forget you can visit MyAlerts to manage your alerts at any time. JPMorgan Downgrades Centene to Neutral From Overweight, Adjusts Price Target to $90 Fro.. Analyst recommendations: BP, Centene, Experian, Intel, Walgreens.. CENTENE CORP Management's Discussion and Analysis of Financial Condition and Results We have a unique opportunity to empower our members, providers, and their communities in this transformation.. In particular, these statements include, without limitation, statements about our future operating or financial performance, market opportunity, value creation strategy, competition, expected activities in completed and future acquisitions, including statements about the impact of our recently completed acquisition of Magellan Health (the Magellan Acquisition), other recent and future acquisitions and dispositions, investments and the adequacy of our available cash resources. Neidorff remains on a previously announced medical leave of absence from his position on the board of the company. Before joining Centene in 2020, Ms. London was a Partner at Optum Ventures, the venture capital arm of UnitedHealth Group. o.. Centene Joins Pro Football Hall of Fame for Military Salute to Service in Arizona. Jan 3, 2023 09:43pm. You may opt-out by. Ms. London has spent her career at the forefront of innovation in healthcare. He is One of the Top 20 Business People. It has $125 billion in annual revenue, and it ranks 26th in the United States in terms of revenue. Centene Names Venture Capital Veteran CEO, Life Health > Health Insurance > Medicare Planning, News 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. . Prior to her appointment as CEO, Ms. London served as Vice Chairman of the Company, and . 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 . Share & Print. Her strategic thinking, fresh perspective and diverse experience make her the natural leader to harness the potential of Centene," said James Dallas, Acting Chairman of Centene. "Sarah has infused an innovative mindset across the enterprise in her relentless effort to improve Centene's capabilities to provide the highest quality of care for our members. This list of important factors is not intended to be exhaustive. 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. Coronavirus Tips Working and Protection. 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. 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. Chief Financial Officer. . 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, the announcement said. Sarah M. London is the Pres of Health Care Enterprises & Exec. Magna Cum Laude in History & Literature from Harvard College, where she played Division I tennis. Copyright 2023 Surperformance. In Illinois alone, over the same period, Centene grew from approximately 16,300 members in the Chicago area to nearly 1 million members in every county in the state. 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. Dec 5, 2022. All forward-looking statements included in this press release are based on information available to us on the date hereof. Ms. London received an M.B.A. with High Honors from the University of Chicago Booth School of Business and a B.A. Thorough reviews have been conducted to assure this data accurately reflects disclosures. You should not place undue reliance on any forward-looking statements, as actual results may differ materially from projections, estimates, or other forward-looking statements due to a variety of important factors, variables and events including, but not limited to:our ability to accurately predict and effectively manage health benefits and other operating expenses and reserves, including fluctuations in medical utilization rates due to the impact of COVID-19; the risk that the election of new directors, changes in senior management and inability to retain key personnel may create uncertainty or negatively impact our ability to execute quickly and effectively;uncertainty as to the expected financial performance of the combined company following the recent completion of the Magellan Acquisition; the possibility that the expected synergies and value creation from the Magellan Acquisition or the WellCare Acquisition (or other acquired businesses) will not be realized, or will not be realized within the respective expected time periods; the risk that unexpected costs will be incurred in connection with the integration of the Magellan Acquisition or that the integration of Magellan Health will be more difficult or time consuming than expected, or similar risks from other acquisitions we may announce or complete from time to time; disruption from the integration of the Magellan Acquisition or from the integration of the WellCare Acquisition, or similar risks from other acquisitions we may announce or complete from time to time, including potential adverse reactions or changes to business relationships with customers, employees, suppliers or regulators, making it more difficult to maintain business and operational relationships; a downgrade of the credit rating of our indebtedness; competition; membership and revenue declines or unexpected trends; changes in healthcare practices, new technologies, and advances in medicine; increased healthcare costs; changes in economic, political or market conditions; changes in federal or state laws or regulations, including changes with respect to income tax reform or government healthcare programs as well as changes with respect to the Patient Protection and Affordable Care Act and the Health Care and Education Affordability Reconciliation Act (collectively referred to as the ACA) and any regulations enacted thereunder that may result from changing political conditions, the new administration or judicial actions; rate cuts or other payment reductions or delays by governmental payors and other risks and uncertainties affecting our government businesses; our ability to adequately price products; tax matters; disasters or major epidemics; changes in expected contract start dates; provider, state, federal, foreign and other contract changes and timing of regulatory approval of contracts; the expiration, suspension, or termination of our contracts with federal or state governments (including, but not limited to, Medicaid, Medicare, TRICARE or other customers); the difficulty of predicting the timing or outcome of legal or regulatory proceedings or matters, including, but not limited to, our ability to resolve claims and/or allegations made by states with regard to past practices, including at Envolve Pharmacy Solutions, Inc. (Envolve), as our pharmacy benefits manager (PBM) subsidiary, within the reserve estimate we have recorded and on other acceptable terms, or at all, or whether additional claims, reviews or investigations relating to our PBM business will be brought by states, the federal government or shareholder litigants, or government investigations; timing and extent of benefits from strategic value creation initiatives, including the possibility that these initiatives will not be successful, or will not be realized within the expected time periods; challenges to our contract awards; cyber-attacks or other privacy or data security incidents; the exertion of management's time and our resources, and other expenses incurred and business changes required in connection with complying with the undertakings in connection with any regulatory, governmental or third party consents or approvals for acquisitions; changes in expected closing dates, estimated purchase price and accretion for acquisitions; the risk that acquired businesses will not be integrated successfully;restrictions and limitations in connection with our indebtedness; our ability to maintain or achieve improvement in the Centers for Medicare and Medicaid Services (CMS) Star ratings and maintain or achieve improvement in other quality scores in each case that can impact revenue and future growth; availability of debt and equity financing, on terms that are favorable to us; inflation; foreign currency fluctuations and risks and uncertainties discussed in the reports that Centene has filed with the Securities and Exchange Commission.