January 30, 2015 8:45 AM ET

Healthcare Providers and Services

Company Overview of WellCare Health Plans, Inc.

Company Overview

WellCare Health Plans, Inc. provides managed care services for government-sponsored health care programs in the United States. It operates in three segments: Medicaid, MA, and PDP. The company offers Medicaid plans, including plans for beneficiaries of Temporary Assistance for Needy Families (TANF) programs; Supplemental Security Income (SSI) programs; and Aged Blind and Disabled (ABD) programs; and other state-based programs, such as Children’s Health Insurance Program and Family Health Plus programs for qualifying families who are not eligible for Medicaid. The TANF program provides assistance to low-income families with children; and ABD and SSI programs provide assistance to low-income a...

8735 Henderson Road

Renaissance One

Tampa, FL 33634

United States

Founded in 1985

5,200 Employees

Phone:

813-290-6200

Key Executives for WellCare Health Plans, Inc.

Chief Legal & Administrative Officer
Age: 46
Total Annual Compensation: $396.2K
Senior Vice President
Age: 48
Total Annual Compensation: $396.2K
Chief Human Resources Officer and Senior Vice President
Age: 53
Total Annual Compensation: $321.2K
Compensation as of Fiscal Year 2013.

WellCare Health Plans, Inc. Key Developments

WellCare Health Plans, Inc. Announces Executive Changes

WellCare Health Plans, Inc. announced it has appointed Blair Todt to the newly created position of chief legal and administrative officer effective Dec. 15, 2014. Todt will be responsible for the legal, government affairs, public policy, business development, external communications and corporate strategy functions, and will serve as WellCare's corporate secretary. He will continue to report to Dave Gallitano, WellCare's CEO and chairman of the board, until Ken Burdick, who was recently named CEO, assumes the role on Jan. 1, 2015. Lisa Iglesias, senior vice president, general counsel and corporate secretary, has agreed to stay with the company until early 2015 to assist with the transition. Todt most recently served as the company's chief strategy and development officer, a role he assumed in 2013, and joined WellCare in 2010 as the chief compliance officer. Prior to joining WellCare, Todt served as senior vice president, general counsel and corporate secretary of MedCath Corporation.

WellCare Health Plans, Inc. Announces Executive Promotions, Effective January 1, 2015

WellCare Health Plans, Inc. announced that it has promoted Kelly Munson to the position of senior vice president, division president and product. Munson will have responsibility for Arkansas, Kentucky, Louisiana, Mississippi, Tennessee and Texas. In addition, Munson will lead the company's product development function. WellCare also promoted David Reynolds to senior vice president, division president with responsibility for California, Connecticut, Hawaii, Illinois, Missouri, New Jersey, New York and Ohio. Munson and Reynolds will continue to report to Ken Burdick, who was appointed CEO effective January 1, 2015. Munson was most recently region president for WellCare's operations in Arkansas, Kentucky, Mississippi and Tennessee. She joined WellCare in 2006, serving in positions of increasing responsibility for WellCare's Ohio health plan in the areas of operations and regulatory compliance. Reynolds was most recently region president for WellCare's operations in Connecticut, Illinois, Missouri, New Jersey, New York and Ohio. Before joining WellCare in 2013, he served as the state president of Illinois for Humana, responsible for their commercial health insurance business with revenues of $1 billion.

WellCare Health Plans, Inc. Announces Executive Changes, Effective on January 1, 2015

On December 11, 2014, the board of directors of WellCare Health Plans, Inc. determined that David J. Gallitano, the company's chairman and interim chief executive officer will end his interim role as chief executive officer, effective January 1, 2015. Mr. Gallitano will continue to serve as the chairman of the board. On December 11, 2014, the board appointed Kenneth A. Burdick, the company's president and chief operating officer, to the role of chief executive officer, effective January 1, 2015. On December 11, 2014, the board elected Mr. Burdick as a director. Because he is an employee of the company, he is not independent under the New York Stock Exchange listing standards. Mr. Burdick will not receive any additional compensation in connection with his service as a director. Mr. Burdick has not been, and is not expected to be, appointed to any committees at this time. Burdick joined company in January 2014 as president, national health plans, and was promoted to president and chief operating officer in June 2014. Prior to joining the company, Burdick was CEO of Blue Cross and Blue Shield of Minnesota.

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