Molina Healthcare Announces Proposed Changes to Its Board of Directors
March 15 2019 - 4:15PM
Business Wire
Molina Healthcare, Inc. (NYSE: MOH) today announced that its
Board of Directors has nominated Barbara L. Brasier as a new
independent director for election at the Company’s annual
stockholders meeting on May 8, 2019.
“We are delighted that a director of Ms. Brasier’s caliber and
experience has agreed to be nominated to our Board,” said Dale B.
Wolf, Chairman of Molina’s Board. “She brings a wealth of corporate
finance, treasury, and accounting experience. Brasier has served in
multiple executive roles at Fortune 500 companies and has
successfully led business operations and managed large-scale
business transformations. This addition to the Board reflects the
Board’s commitment to ensuring we provide the right skills,
expertise, and diversity of perspectives to support Molina’s
business strategy and future growth.”
Brasier was senior vice president and chief financial officer of
Herc Rentals Inc. from 2015 to 2018. She joined Herc Rentals from
Mondelez International, Inc. (formerly Kraft Foods Inc.), where she
served as senior vice president, tax and treasury since 2012, and
in other senior finance and treasury positions since 2008. Prior to
Kraft, Brasier was a vice president and treasurer of Ingersoll Rand
Company from 2004 to 2008 and held roles of increasing
responsibility at Mead Corporation and MeadWestvaco from 1984 to
2004. She started her career in accounting at Touche Ross, now
Deloitte & Touche, LLP, and is a Certified Public
Accountant.
Additionally, Charles Z. Fedak has notified the Board that he
intends to retire and will not stand for re-election upon
expiration of his term in May. His retirement is marked by a long
and well-respected tenure on the Board, where he served as a member
of the Board’s Audit and Compensation Committees. “We are grateful
to Chuck for his 16 years of service to Molina,” said Wolf. “On
behalf of the entire Board, I appreciate his dedication and
significant contributions to the Board and Company, and I wish him
all the best in his future endeavors.”
About Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company, provides managed
healthcare services under the Medicaid and Medicare programs and
through the state insurance marketplaces. Through its locally
operated health plans, Molina Healthcare served approximately 3.8
million members as of December 31, 2018. For more information about
Molina Healthcare, please visit molinahealthcare.com.
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