LONG BEACH, Calif.--(BUSINESS WIRE)--Mar. 12, 2013--
Molina Healthcare, Inc. (NYSE: MOH) today announced that it had expanded
the size of its Board of Directors from 9 to 11 and elected Steven
James, Dale Wolf, and Daniel Cooperman as new independent non-executive
directors.
“We are delighted to welcome Steve, Dale and Daniel to Molina’s Board of
Directors,” said J. Mario Molina, M.D., president and chief executive
officer of Molina Healthcare, Inc. “Our management team will benefit
from the perspectives and experience of these accomplished new board
members.”
Steven James is a retired audit partner from Ernst & Young LLP with 30
years of experience providing accounting, auditing, and consulting
services to health and managed care companies. James joined Ernst &
Whinney (predecessor to Ernst & Young LLP) in 1979, was promoted to
partner in 1992, became the leader of Ernst & Young’s Pacific Southwest
Area Health Sciences practice in 2005, and retired from Ernst & Young
LLP in 2009. James graduated with a Bachelor of Science degree in
Business Administration with an emphasis in Accounting from the
University of Redlands and is a certified public accountant.
Dale Wolf has served as the Executive Chairman of Correctional
Healthcare Companies, Inc., a national provider of correctional health
care solutions, since 2002. From 2005 to 2009, Wolf served as chief
executive officer of Coventry Health Care, Inc., a diversified national
healthcare company, and served as the executive vice president, chief
financial officer, and treasurer of Coventry Health Care, Inc. from 1996
to 2004. Wolf was also a member of the Board of Directors of Coventry
Health Care, Inc. from 2005 to 2009, and a member of the Board of
Directors of Catalyst Health Solutions, Inc. from 2003 to 2012. Wolf
graduated magna cum laude from Eastern Nazarene College with a Bachelor
of Arts degree in Mathematics and from the MIT Sloan School Senior
Executive Program. He is also a fellow in the Society of Actuaries.
Daniel Cooperman is Of Counsel with the law firm of Bingham McCutchen
LLP. He served as senior vice president, general counsel, and secretary
of Apple Inc. from 2007 to 2009, and senior vice president, general
counsel, and secretary of Oracle Corporation from 1997 to 2007. Before
joining Oracle, Cooperman was chair of the Business & Transactions Group
and managing partner of the San Jose office for McCutchen Doyle Brown &
Enersen, which combined in 2002 with Bingham Dana to create Bingham
McCutchen. Cooperman is currently a strategic advisor to Institutional
Venture Partners, a member of the Advisory Board of the Best Lawyers
publication, and a member of the Advisory Council for the Law, Science
and Technology Program at Stanford Law School. Cooperman is a director
of emerging technology companies, and a member of the Board of Directors
and the Finance Committee of the Second Harvest Food Bank of Santa Clara
and San Mateo Counties. Cooperman graduated summa cum laude with highest
distinction in Economics from Dartmouth College, then attended Stanford
University’s Graduate School of Business and School of Law, receiving
both his M.B.A. and J.D. from Stanford.
About Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company, provides quality and
cost-effective Medicaid-related solutions to meet the health care needs
of low-income families and individuals and to assist state agencies in
their administration of the Medicaid program. The Company’s licensed
health plans in California, Florida, Michigan, New Mexico, Ohio, Texas,
Utah, Washington, and Wisconsin currently serve approximately 1.8
million members, and its subsidiary, Molina Medicaid Solutions, provides
business processing and information technology administrative services
to Medicaid agencies in Idaho, Louisiana, Maine, New Jersey, and West
Virginia, and drug rebate administration services in Florida. More
information about Molina Healthcare is available at www.molinahealthcare.com.
Source: Molina Healthcare, Inc.
Molina Healthcare, Inc.
Juan José Orellana, 562-435-3666,
ext. 111143
Investor Relations
or
Sunny Yu, 562-901-1039
Public
Relations
