Centene appoints veteran venture capital CEO

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What do you want to know

  • Sarah London has been named CEO of Centene, succeeding Michael Neidoff, who will remain chairman of the company.
  • London spent a year working at the Creative Artists Agency in Los Angeles. She then worked for the company that produced ET
  • She started in data analytics at Optum and later became a partner in its venture capital arm.

Centene’s board has chosen Sarah London – an executive with roots in venture capital and talent management – ​​to succeed Michael Neidoff as CEO of the company.

The appointment took effect today.

London has been a member of Centene’s leadership since 2020. She joined a four-member office of the chairman in February, when Centene announced that Neidorff was taking time off to deal with a health issue.

Neidorff was the Clayton, Mo.-based health insurance giant’s chairman and CEO. He continues to be its president.

James Dallas, interim chairman of Centene, said the board saw London as a visionary leader.

“Her strategic thinking, fresh perspective and vast experience make her the natural leader to unlock Centene’s potential,” Dallas said. “I have always been impressed by Sarah’s passion for serving our members, who are often the most vulnerable among us.”

What this means

Centene was formerly a regional health insurance fund. Neidorff turned it into a national player by aggressively competing for state health insurance contracts.

Since then, the company has become a major force in the commercial health insurance market by acquiring Health Net, a California health insurer; WellCare Health Plans, a major issuer of health insurance plans; and Magellan Health, a leader in behavioral health, specialty care and pharmaceutical benefits.

Centene now provides or manages health coverage for approximately 26 million people. It has $125 billion in annual revenue and ranks 26th in the United States by revenue.

Centene’s large size and central role in behavioral care management means it could affect how retirement planning clients’ health insurance plans look, how much the plans cost, and how the plans Working-age and older clients cover mental health care, behavioral health care, and other types of care.

Sarah London

London played Division I tennis at Harvard. She graduated from the school with a bachelor’s degree in literature in 2002.

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