LONG BEACH, Calif.--(BUSINESS WIRE)--May 24, 2018--
Molina Healthcare, Inc. (NYSE: MOH) announced today that its Board of
Directors has appointed Thomas L. Tran as its new chief financial
officer and treasurer, effective June 4, 2018, as Joseph W. White,
currently CFO, has announced his plans to retire from the Company as of
that same date.
“Tom is an industry leader with a proven track record of generating
shareholder value,” said Joe Zubretsky, president and chief executive
officer of Molina Healthcare, Inc. “His financial acumen and experience
in successfully turning around and growing managed care businesses make
him an invaluable addition to our executive leadership team. With Tom’s
financial leadership, I am very confident in the continued execution of
our margin recovery and sustainability plan.”
As CFO for Molina, Mr. Tran will have oversight of the Company’s
finance, accounting, reporting, budgeting and forecasting, actuarial,
investor relations and treasury functions. Mr. Tran brings over 35
years’ experience in health care, including six years as CFO of WellCare
Health Plans, Inc., where he financially managed the company with $14
billion of revenue and helped lead its turnaround. Most recently, Mr.
Tran was the CFO for Sentry Data Systems where he oversaw finance, human
resources, operations and information security. He has also held
leadership roles at CareGuide, Uniprise (a principal operating division
of UnitedHealth Group), ConnectiCare, Blue Cross & Blue Shield of
Massachusetts, and Cigna.
Mr. Tran earned his bachelor’s degree from Seton Hall University and his
master’s degree in Business Administration from New York University. He
will succeed Mr. White, who will retire after a distinguished 15-year
career with the Company. Mr. White will continue his existing duties
until Mr. Tran assumes his new role to ensure a smooth transition of
responsibilities.
Mr. White’s career has included more than 30 years of financial
management experience in the health care industry. He has held several
positions since he started with Molina in 2003, including chief
financial officer, treasurer, interim chief executive officer and chief
accounting officer.
“Joe has been a stalwart leader for Molina over the years, and
throughout my first seven months on the job here, I have benefitted from
his partnership,” said Joe Zubretsky. “I am grateful for his dedicated
leadership, and I wish him the best in his well-deserved retirement.”
“I am honored to have been a part of Molina Healthcare for the last 15
years,” said Joe White. “I leave with a great sense of pride in what we
have accomplished, and I look forward to watching the Company flourish
under this strong new leadership team.”
About Molina Healthcare
Molina Healthcare, Inc., a FORTUNE 500 company, provides managed health
care services under the Medicaid and Medicare programs and through the
state insurance marketplaces. Through its locally operated health plans,
Molina Healthcare served approximately 4.1 million members as of March
31, 2018. For more information about Molina Healthcare, please visit our
website at molinahealthcare.com.
Safe Harbor Statement under the Private Securities Litigation Reform
Act of 1995
This press release contains “forward-looking statements” regarding the
transition in our executive leadership and our financial performance.
All forward-looking statements are based on current expectations that
are subject to numerous risk factors that could cause actual results to
differ materially. Information regarding the risk factors to which we
are subject is provided in greater detail in our periodic reports and
filings with the Securities and Exchange Commission, including our most
recent Annual Report on Form 10-K. These reports can be accessed under
the investor relations tab of our website or on the SEC’s website at
sec.gov. Given these risks and uncertainties, we cannot give assurances
that our forward-looking statements will prove to be accurate, or that
any other results or events projected or contemplated by our
forward-looking statements will in fact occur, and we caution investors
not to place undue reliance on these statements. All forward-looking
statements in this release represent our judgment as of the date hereof,
and we disclaim any obligation to update any forward-looking statements
to conform the statement to actual results or changes in our
expectations that occur after the date of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180524005184/en/
Source: Molina Healthcare, Inc.
Molina Healthcare, Inc.
Investor Relations
Ryan Kubota,
562-506-9057
or
Public Relations
Laura Murray,
562-506-9208