CENTENE APPOINTS KENNETH Y. TANJI TO BOARD OF DIRECTORS

Rhea-AI Summary

Centene (NYSE: CNC) has appointed Kenneth Y. Tanji to its Board of Directors, effective February 20, 2025, expanding the board to 12 members. Tanji will serve on the Company's Audit and Compliance Committee.

Tanji brings over three decades of financial expertise, including experience in capital optimization strategies, strategic acquisitions, and JV partnership models. He previously served as Executive Vice President and CFO of Prudential Financial from 2018 to 2024, where he held various leadership roles since 1988 across insurance, health insurance, annuities, and investment management divisions.

Currently, Tanji serves on the Board of The Public Service Enterprise Group, a $10.4 billion diversified energy services company, and teaches Corporate Finance at Rutgers University.

Positive

• Board expansion strengthens financial oversight with addition of experienced CFO
• Brings expertise in capital optimization and strategic acquisitions
• Adds valuable experience in healthcare and insurance sectors

Negative

• None.

News Market Reaction

+4.07%

1 alert

+4.07% News Effect

On the day this news was published, CNC gained 4.07%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

ST. LOUIS, Feb. 24, 2025 /PRNewswire/ -- Centene Corporation (NYSE: CNC) ("the Company") announced today the appointment of Kenneth Y. Tanji to the Centene Board of Directors, effective February 20, 2025. Mr. Tanji will serve on the Company's Audit and Compliance Committee. The appointment of Mr. Tanji expands Centene's Board of Directors to 12 members.

Mr. Tanji's finance acumen spans more than three decades and includes deep knowledge of capital optimization strategies, strategic acquisitions, JV partnership models and the use of advanced analytics and technologies to scale growth.

"Ken's dynamic business and financial expertise will be beneficial as Centene continues to tackle the most complex challenges in healthcare," said Centene CEO Sarah M. London. "We are pleased to welcome him to our Board of Directors and look forward to his contributions and insight."

Mr. Tanji most recently served as Executive Vice President and Chief Financial Officer of Prudential Financial, Inc., an international financial services firm offering investment, retirement and insurance services, from 2018 to 2024. From 1988 to 2018, he held numerous leadership roles across Prudential's insurance, health insurance, annuities, and investment management businesses.

Mr. Tanji currently serves on the Board of The Public Service Enterprise Group, Inc., a publicly traded, $10.4 billion-dollar, diversified energy services company. He is also a Corporate Finance professor at Rutgers University.

"Ken's robust financial experience paired with his passion for aligning organizations to capitalize on opportunities to simplify processes, embrace new technologies and enhance the customer experience will be a unique addition to our Board," said Chairman of the Board, Frederick H. Eppinger.

"Centene's leadership in healthcare is critical to advancing the health of some of our most underserved populations," said Mr. Tanji. "I'm honored to join Centene's Board of Directors and look forward to supporting the advancement of such a mission-oriented company."

About Centene Corporation
Centene Corporation, a Fortune 500 company, is a leading healthcare enterprise that is committed to helping people live healthier lives. The Company takes a local approach – with local brands and local teams – to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Centene offers affordable and high-quality products to more than 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by the Health Insurance Marketplace.

Centene uses its investor relations website to publish important information about the Company, including information that may be deemed material to investors. Financial and other information about Centene is routinely posted and is accessible on Centene's investor relations website, https://investors.centene.com.

 

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SOURCE Centene Corporation

FAQ

When did Kenneth Tanji join Centene's (CNC) Board of Directors?

Kenneth Tanji joined Centene's Board of Directors effective February 20, 2025.

What committee will Kenneth Tanji serve on at Centene (CNC)?

Kenneth Tanji will serve on Centene's Audit and Compliance Committee.

How many members are now on Centene's (CNC) Board of Directors?

With Kenneth Tanji's appointment, Centene's Board of Directors has expanded to 12 members.

What was Kenneth Tanji's previous executive role before joining Centene's (CNC) board?

Kenneth Tanji previously served as Executive Vice President and Chief Financial Officer of Prudential Financial from 2018 to 2024.

What expertise does Kenneth Tanji bring to Centene's (CNC) board?

Kenneth Tanji brings over three decades of financial expertise, including experience in capital optimization strategies, strategic acquisitions, JV partnership models, and advanced analytics.