Clover Health announced Clay Thornton as the newly appointed Chief Financial Officer of its Medicare Advantage (MA) division. Thornton, with an impressive track record spanning over a decade of healthcare financial management and operational leadership, joins as the Company enters the next phase of its lifecycle, targeting Adjusted EBITDA profitability for the full-year 20241, while emphasizing a differentiated PPO-first product strategy supported by its technology and care management platform. Thornton's expertise in driving financial strategies that bolster quality outcomes, member and provider satisfaction, and sustainable business expansion makes him an ideal fit for Clover.

His notable achievements include leading a $3BNrevenue business as Regional Chief Financial Officer and Vice President of Operations for Humana Inc. He later spearheaded Humana?s Medicare Advantage membership growth as the company's Head of National Growth Strategy. These experiences have sharpened his skills in managed care strategy and financial operations, preparing him to lead Clover's MA financial strategy. Immediately prior to joining Clover, Thornton's strategic acumen was further honed in the venture capital and private equity sectors, where he provided leadership and advisory services to startups and small-to-mid-sized businesses.

This blend of experience has equipped him with a unique perspective on driving growth and operational excellence in dynamic and competitive environments.