Clover Health today announces that Joe Wagner, Chief Financial Officer, will leave the company on August 13th
July 15 2021 - 9:00AM
Clover Health (Nasdaq: CLOV) (“Clover”) today announced that Joseph
Wagner, its Chief Financial Officer, will be leaving the company on
August 13th for personal reasons described below. Effective upon
Mr. Wagner’s departure, Mark Herbers of leading global consulting
firm AlixPartners, LLP will serve as Interim Chief Financial
Officer until a permanent CFO is hired. Mr. Herbers has served as
CFO for a number of public and private healthcare organizations and
has 20 years of experience in the sector.
Mr. Lee A. Shapiro, a member of the Clover Board of Directors
and Chair of its Audit Committee, will lead the search committee
that will oversee the process to replace Mr. Wagner. Mr. Shapiro
previously served as Chief Financial Officer of Livongo Health,
Inc., a tech-enabled services company that helps individuals with
chronic conditions to live better and healthier lives, until
November 2020.
Clover has engaged a leading executive search firm to find a
Chief Financial Officer for the next stage of the Company’s
growth.
Vivek Garipalli, Clover Health’s Chief Executive Officer, said,
“On behalf of Clover, I want to personally thank Joe for his hard
work navigating the COVID-19 pandemic while simultaneously taking
Clover public. We are entering an exciting phase of expansion as a
public company and, following the recent appointments of a new
Chief Growth Officer and Chief Strategy & Development Officer,
we continue to develop our best-in-class management team to ensure
we maximize our opportunities moving forward. I wish Joe and his
family well.”
“Working with Vivek and Andrew to take Clover public has been a
highlight of my career. I’ve done much thinking after weighing the
health challenges related to a family member along with the demands
of being the CFO of a public company. As a result, I’ve made the
decision to seek a role with a privately held company closer to
home which will allow me to devote more energy and attention to my
family,” said Mr. Wagner. “I deeply believe in and support Clover’s
focus on health equity and mission to improve every life. I will be
watching and cheering along the way.”
About Clover HealthClover Health (Nasdaq: CLOV)
is a next-generation risk-bearing organization aiming to achieve
health equity for all Americans. While our mission is to improve
every life, we particularly focus on seniors who have historically
lacked access to affordable high quality healthcare.
We aim to provide great care, in a sustainable way, by having a
business model built around improving medical outcomes while
lowering avoidable costs. We do this while taking a holistic
approach to understanding the health needs and social risk factors
of those under our care. This strategy is underpinned by the
company’s proprietary software platform, the Clover Assistant,
which is designed to aggregate patient data from across the health
ecosystem to support clinical decision-making by providing
physicians with real-time, personalized recommendations at the
point of care.
Making care more accessible is at the heart of our business, and
we believe patients should have the freedom to choose their
doctors. We offer two models of care: affordable Medicare Advantage
plans with extensive benefits; and care coordination for Original
Medicare beneficiaries through Direct Contracting. For both
programs, we provide primary care physicians with the Clover
Assistant and also make comprehensive home-based care available via
the Clover Home Care program.
With its corporate headquarters in Nashville, Clover’s workforce
is distributed around the U.S. and also includes a team of
world-class technologists based in Hong Kong. The company manages
care for Medicare beneficiaries in eleven states, including
Arizona, Georgia, Kansas, Mississippi, New Jersey, New York,
Pennsylvania, South Carolina, Tennessee, Texas and Vermont.
Contacts:
Investor Relations:Derrick Nuemaninvestors@cloverhealth.com
Press Contact:Andrew Still-Baxterpress@cloverhealth.com
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