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Molina Healthcare Signs CEO Joe Zubretsky to New Employment Agreement
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
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Rhea-AI Summary
Molina Healthcare, Inc. (NYSE: MOH) has amended and restated the employment agreement of President and CEO Joe Zubretsky. Zubretsky has been with Molina since November 2017 and has successfully led a turnaround strategy for the company. The Board's Chairman, Dale Wolf, expressed confidence in Zubretsky's leadership for the company's future growth plans. Molina Healthcare will provide further details on its strategic plan at a virtual investor day scheduled for September 17, 2021. The company serves approximately 4.7 million members through Medicaid and Medicare programs.
Positive
Joe Zubretsky's leadership is credited with a successful turnaround.
The company is poised to execute a top-line growth plan.
Negative
None.
LONG BEACH, Calif.--(BUSINESS WIRE)--
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.
