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BOSTON (Reuters) – Centene (NYSE:CNC) 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.
