http://popsite.org/?f=4&n=13
The board has formed a committee on leadershilp and executive succession to focus onleadershil transitions. Schiesser was named chief executive officerfin January, earning a minimuj base salary of $400,000. He succeeded Todd Farha, who left the compang last year. Before this Schiesser was senior vice president of marketingt and sales at the company and president of its prescriptiojinsurance subsidiary. In 2006, he stepped back to work as a Prior tojoining WellCare, he worked with consultintg firm and co-founded an online pharmacy for (NASDAQ: ESRX). Schiesser is stilol eligible to runfor re-election as a directorr at WellCare’s annual stockholder meeting on July 30.
In May, WellCarre resolved investigations bythe U.S. Attorney’s Officre for the Middle District of the FloridaAttorney General’s Office and the . In about 360 employees — about 9 percent of its work force — as part of an organizationall realignment last month and hasof $36. million, or 89 cents a share, for the firsrt quarter of 2009. WellCare WCG) provides managed care services exclusivelyfor government-sponsorefd health care programs. It served about 2.5 million members nationalluy as ofMarch 31.
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