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January 26, 2008 at 07:57 PM
The board of a company that runs Medicare plans, Medicaid plans and other government health plans has accepted the resignations of 3 top officers.
Todd Farha is stepping down from the posts of chairman, president and chief executive officer of WellCare Health Plans Inc., Tampa, Fla., according to the WellCare board.
Charles Berg, who was chief executive of Oxford Health Plans Inc., Trumbull, Conn., from 2002 to 2004, is now WellCare’s chairman, the company’s board says.
Heath Schiesser, who has been a senior advisor focusing on WellCare’s medical products, will take over as president and chief executive, the board says.
The move to replace Farha with Berg and Schiesser “is in the best long-term interest of the company to provide new leadership,” the WellCare board says.
Farha could not immediately be reached for comment.
The WellCare board also has accepted the resignations of Paul Behrens, the company’s chief officer, and Thaddeus Bereday, the company’s general counsel, the board says.
“Farha, Behrens and Bereday have agreed to assist in an orderly transition to new management by remaining as non-executive employees through March 31,” the WellCare board says.
WellCare has started looking for a new CFO and a new general counsel, the board says.
Berg, the new chairman, has been working for a private equity firm since January 2007. He has a bachelor’s degree from Macalaster College and a law degree from Georgetown University.
