By Svea Herbst-Bayliss
BOSTON (Reuters) – Centene Corp reached a deal with activist investment firm Politan Capital Management where five new directors will join the managed care company’s board and its chief executive will retire in 2022 having served for a quarter of a century.
Two of the incoming directors were proposed by Politan, a new firm founded by veteran investor Quentin Koffey over the last months.
Michael Neidorff, who has led Centene since 1996, will retire as CEO next year.
(Reporting by Svea Herbst-Bayliss, Editing by Louise Heavens)
