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Centene CEO Michael Neidorff takes medical leave -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Michael F. Neidorff is Chairman and Chief Executive of Centene Corporation. He attends the World Economic Forum annual meeting in Davos (Switzerland) January 24, 2018, REUTERS/Denis Balibouse

(Reuters) – Centene (NYSE:) Corp announced Thursday that its board approved a request by Michael Neidorff, its chief executive officer and chairman, for a medical leave period. This decision is effective immediately.

James Dallas was appointed acting chairman by the company. It stated it expected to name a replacement CEO in the first quarter of 2012.

After serving for over a quarter-century, Neidorff had signed a contract with Politan Capital Management.

Centene, which established the office of president in July, laid the foundation for a succession program. Neidorff (CEO since 1996) stated publicly that he did not anticipate renewing his chief’s contract.

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