LONG BEACH, Calif.--(BUSINESS WIRE)--Mar. 15, 2019--
Molina Healthcare, Inc. (NYSE: MOH) today announced that its Board of
Directors has nominated Barbara L. Brasier as a new independent director
for election at the Company’s annual stockholders meeting on May 8, 2019.
“We are delighted that a director of Ms. Brasier’s caliber and
experience has agreed to be nominated to our Board,” said Dale B. Wolf,
Chairman of Molina’s Board. “She brings a wealth of corporate finance,
treasury, and accounting experience. Brasier has served in multiple
executive roles at Fortune 500 companies and has successfully led
business operations and managed large-scale business transformations.
This addition to the Board reflects the Board’s commitment to ensuring
we provide the right skills, expertise, and diversity of perspectives to
support Molina’s business strategy and future growth.”
Brasier was senior vice president and chief financial officer of Herc
Rentals Inc. from 2015 to 2018. She joined Herc Rentals from Mondelez
International, Inc. (formerly Kraft Foods Inc.), where she served as
senior vice president, tax and treasury since 2012, and in other senior
finance and treasury positions since 2008. Prior to Kraft, Brasier was a
vice president and treasurer of Ingersoll Rand Company from 2004 to 2008
and held roles of increasing responsibility at Mead Corporation and
MeadWestvaco from 1984 to 2004. She started her career in accounting at
Touche Ross, now Deloitte & Touche, LLP, and is a Certified Public
Accountant.
Additionally, Charles Z. Fedak has notified the Board that he intends to
retire and will not stand for re-election upon expiration of his term in
May. His retirement is marked by a long and well-respected tenure on the
Board, where he served as a member of the Board’s Audit and Compensation
Committees. “We are grateful to Chuck for his 16 years of service to
Molina,” said Wolf. “On behalf of the entire Board, I appreciate his
dedication and significant contributions to the Board and Company, and I
wish him all the best in his future endeavors.”
About Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company, provides managed
healthcare services under the Medicaid and Medicare programs and through
the state insurance marketplaces. Through its locally operated health
plans, Molina Healthcare served approximately 3.8 million members as of
December 31, 2018. For more information about Molina Healthcare, please
visit molinahealthcare.com.
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Source: Molina Healthcare, Inc.
Ryan Kubota
Investor Relations
562-435-3666
Caroline
Zubieta
Public Relations
562-951-1588