Centene Corporation Announces Management Changes
May 05 2009 - 6:40AM
Business Wire
Centene Corporation (NYSE: CNC) announced today the following
management changes that are consistent with the Company�s
organizational development program and its willingness to help
employees�to the extent possible�achieve their personal
objectives:
Eric R. Slusser is being appointed Executive Vice President of
International Development. This position has the potential to be
based in New York City and is consistent with Mr. Slusser�s wishes
at this time to move to a�different geographical setting. Mr.
Slusser�s experience allows Centene to evaluate the strategic and
financial benefits of different operations outside the United
States. Mr. Slusser joined Centene in July 2007 as Executive Vice
President and Chief Financial Officer from Cardinal Health. He has
an extensive background as a senior financial executive with over
25 years of experience.
William N. Scheffel is being appointed Executive Vice President,
Chief Financial Officer and Treasurer. Mr. Scheffel was most
recently Executive Vice President and leader of Centene�s Specialty
Business Unit. Mr. Scheffel joined the Company as Senior Vice
President and Corporate Controller in December 2003 and has headed
the Specialty Business Unit since May 2005. Prior to joining
Centene, he spent over 28 years at financial and accounting firms
Ernst & Young and Arthur Andersen, having been a Partner at
both.
Michael F. Neidorff, Centene�s Chairman, President and CEO
commented, �Bill Scheffel�s extensive financial, audit, and
accounting background and the leadership skills he has demonstrated
at Centene make him eminently qualified for this position. He will
help us successfully manage our next level of financial growth. We
thank Eric for his almost two years of financial stewardship and
expect that he will be equally successful in his new role at
Centene, allowing our Company to explore possible growth
opportunities in government-sponsored healthcare abroad.�
These moves are effective immediately and Mr. Slusser�and�Mr.
Scheffel�will work together to ensure a smooth transition. The
search for Mr. Scheffel�s replacement to lead the Specialty
Business Unit will begin immediately. There is no change to the
financial guidance Centene provided in its April 28, 2009 first
quarter earnings press release.
About Centene Corporation
Centene Corporation is a leading multi-line healthcare
enterprise that provides programs and related services to
individuals receiving benefits under Medicaid, including the
Children�s Health Insurance Program (CHIP), as well as Aged, Blind
or Disabled (ABD), Foster Care,�Long-Term Care�and Medicare
(Special Needs Plans). The Company operates local health plans and
offers a wide range of health insurance solutions to individuals
and the rising number of uninsured Americans.�It also�contracts
with other healthcare and commercial organizations to provide
specialty services including behavioral health, life and health
management, managed vision,�telehealth services, pharmacy benefits
management and�medication adherence. Information regarding Centene
is available via the Internet at www.centene.com.
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