Molina Healthcare Elects New Director.LONG BEACH, Calif. -- Molina Healthcare, Inc. (NYSE NYSE See: New York Stock Exchange :MOH) today announced that Wayne Lowell has been elected to serve as a director by the Company's Board of Directors. Mr. Lowell will fill an existing vacancy in Class I of the Board. Mr. Lowell has over twenty years of experience in the healthcare and transportation industries. From 1998 to the present, he has served as a self-employed consultant providing strategic, financial, and operating advice to CEOs and CFOs of both publicly traded and venture capital backed organizations, including Molina Healthcare. From 1986 to 1998, he worked for publicly traded PacifiCare Health Systems PacifiCare Health Systems (former NYSE: PHS) was a Fortune 500 healthcare company based in Cypress, California. It was acquired by UnitedHealth Group (NYSE: UNH) in late 2005, which continues to market health plans under the PacifiCare name. , Inc., most recently as its Executive Vice President, Chief Financial and Chief Administrative Officer A chief administrative officer (CAO) is responsible for administrative management of private, public or governmental corporations. The CAO is one of the highest ranking members of an organization, managing daily operations and usually reporting directly to the chief executive . Prior to joining PacifiCare, Mr. Lowell had worked at Burlington Air Express as Assistant Controller, and at Deloitte, Haskins, & Sells as a Senior Accountant, Audit. In 1991, the Institute of Management Accountants The Institute of Management Accountants (IMA) is a professional organization headquartered in Montvale, New Jersey consisting of over 70,000 members worldwide. The IMA is dedicated to advancing the role of the management accountant and financial manager within the business named Mr. Lowell "CFO of the Year," and in 1992 CFO Magazine named him one of the top one hundred CFOs in the United States. He earned his MBA with honors from the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). at Irvine, and he graduated summa cum laude sum·ma cum lau·de adv. & adj. With the greatest honor. Used to express the highest academic distinction: graduated summa cum laude; a summa cum laude graduate. from the University of Maryland University of Maryland can refer to:
J. Mario Molina, M.D., Chairman of the Board and Chief Executive Officer, said, "We are very pleased to have someone of Wayne's caliber and depth of experience added to our Board. His knowledge of the managed care industry, as well as his familiarity with Molina Healthcare and the environment in which we operate and compete, will be a great asset to our Company." About Molina Healthcare, Inc. Molina Healthcare, Inc. is a multi-state managed care organization that arranges for the delivery of healthcare services to persons eligible for Medicaid and other government-sponsored programs for low-income families and individuals. Molina Healthcare, Inc. currently operates health plans in California, Indiana, Michigan, New Mexico, Ohio, Utah, and Washington. More information about Molina Healthcare, Inc. can be viewed at www.molinahealthcare.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion