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Centene settles with activist Politan, overhauls board, CEO to exit -Breaking

by Mike Robinson

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© Reuters.

By Svea Herbst-Bayliss

BOSTON, (Reuters) – Centene (NYSE) Corp made a deal for five directors to join Politan Capital Management’s managed care business board. The chief executive of the company will also retire after having been with it for a quarter-century.

Politan was the firm that proposed the two new directors. It is a veteran investor Quentin Koffey’s company.

Next year, Centene’s CEO Michael Neidorff will be retiring.

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