What You Need to Know
- Michael Neidorff had already announced he would retire as CEO.
- James Dallas will be acting chairman.
- An Office of the Chairman made up of four people will handle day-to-day company management.
Centene Corp. announced Thursday that Michael Neidorff — the company’s chairman and CEO — is taking a medical leave of absence to deal with a medical condition.
The Clayton, Missouri-based health insurer said James Dallas will become the acting chairman of the board.
The company will use an Office of the Chairman to handle day-to-day company management.
The office will include four people: Sarah London, the vice chairman; Brent Layton, the president and chief operating officer; Drew Asher, the chief financial officer; and Shannon Bagley, the chief administrative officer.
Neidorff had already announced plans to retire from the CEO post, and the board had been conducting a search for a new CEO.