Molina Healthcare : Signs CEO Joe Zubretsky to New Employment Agreement (Form 8-K)
September 09, 2021 at 07:12 am EDT
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Molina Healthcare Signs CEO Joe Zubretsky to New Employment Agreement
LONG BEACH, Calif.--(BUSINESS WIRE)--September 9, 2021--Molina Healthcare, Inc. (NYSE: MOH) announced today that it has entered into an amended and restated employment agreement with its President and CEO, Joe Zubretsky.
The Chairman of Molina's Board of Directors, Dale Wolf, said, 'During his nearly four-year tenure, Joe has led the successful turnaround of Molina. And he is now executing on our top-line growth plan with the same tenacity and insight. We are delighted to have him leading the Company.'
Zubretsky, 64, joined Molina in November 2017. 'I appreciate the Board's expression of confidence in the Company's leadership team and our shared commitment to creating value for all of our constituents,' Zubretsky said. 'I am excited to continue executing on our strategic plan.'
Molina looks forward to presenting more information about its strategic plan at its virtual investor day on September 17, 2021.
More information on Zubretsky's amended and restated employment agreement can be found on the related Form 8-K current report filed today with the Securities and Exchange Commission.
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 4.7 million members as of June 30, 2021. For more information about Molina Healthcare, please visit molinahealthcare.com.
Contacts
Investor Contact: Ronald Kurtz, Ronald.Kurtz@molinahealthcare.com,562-912-6820
Media Contact: Caroline Zubieta, Caroline.Zubieta@molinahealthcare.com, 562-951-1588
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Molina Healthcare Inc. published this content on 09 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 September 2021 11:11:06 UTC.
Molina Healthcare, Inc. specializes in the provision of health care services managed within the Medicaid and Medicare health insurance and coverage programs, and through the health insurance marketplace, financed by the States and the Federal Government of the United States. Revenues break down by activity as follows:
- Health care services within the Medicaid program (80.9%): services for low-income individuals, families and people with disabilities;
- health care services within the Medicare program (12.9%): services for the elderly and people with certain diseases, covered by the Medicare health insurance program;
- operating a health insurance marketplace (6.2%; Marketplace): a platform for offering health insurance plans, and allowing members of the Medicaid program, whose rising incomes have taken them out of eligibility, to purchase federally subsidized health insurance policies. The group also offers virtual care services.
At the end of 2023, Molina Healthcare, Inc. had approximately 5 million members broken down by program between Medicaid (4.5 million members), Medicare (0.2 million) and Marketplace (0.5 million).
All revenues are earned in the United States.