Health Insurer Centene’s Chief Financial Officer To Step Down

Health insurer Centene, 1 of the nation’s largest providers of Obamacare, said main financial serviceman Drew Asher plans to measurement down from his domiciled arsenic main financial serviceman successful December of this year.

Centene

Health insurer Centene, 1 of the nation’s largest providers of Obamacare, said main financial serviceman Drew Asher plans to measurement down from his domiciled arsenic main financial serviceman successful December of this year.

The 58-year-old Asher, who Centene said Monday will discontinue from the institution astatine the extremity of 2027, will beryllium replaced by Chris Neczypor, who is 45 years aged and caller to the institution and will subordinate Centene successful September “and activity alongside Mr. Asher, assuming the Executive Vice President and Chief Financial Officer domiciled connected January 1, 2027,” Centene said. “Mr. Asher will stay pinch the institution until his status to support a assortment of strategical initiatives and guarantee a soft transition.”

The planned succession comes during a play of turbulence successful the wellness security industry, peculiarly for companies for illustration Centene that supply government-subsidized sum to millions of Americans. In summation to providing 3.5 cardinal people individual sum nether the Affordable Care Act, besides known arsenic Obamacare, Centene besides helps respective states administer Medicaid sum for low-income Americans.

Like different wellness insurers, Centene has been battling the rising aesculapian expenses of its wellness scheme members but the company’s astir caller 4th showed a profit of much than $1 cardinal and grounds the insurer is getting a amended grip connected rising costs of group successful its commercialized and government-subsidized wellness plans.

In a connection released Monday, Centene credited Asher, who became CFO successful 2021, pinch guiding the institution “through a play of important maturation and change,” Centene said. “The institution expanded from astir $126 cardinal successful gross successful 2021 to astir $195 cardinal successful 2025, reflecting the company's important summation successful standard during a play of translator crossed the healthcare industry.”

In Neczypor, Centene said the institution is getting “a seasoned executive pinch heavy acquisition crossed firm finance, strategy, translator and superior management,” Centene said successful a statement. “Prior to joining Centene, Mr. Neczypor served arsenic Executive Vice President and Chief Financial Officer for Lincoln Financial, a starring supplier of life insurance, annuities, group benefits and status solutions.”

Centene Chief Executive Officer Sarah M. London said Neczypor “brings a proven way grounds of strengthening financial performance, optimizing operations and creating semipermanent shareholder value.”

“Just arsenic importantly, he is simply a collaborative, values-driven leader who understands really to build beardown teams and thrust meaningful impact,” London added. "Our statement will use from his expertise, power and position arsenic we present connected Centene's adjacent shape of translator and growth."