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CenTeam,

After a career defined by remarkable leadership and an unwavering dedication to transforming healthcare in our country, Drew Asher has announced his intention to step down from the CFO position on December 31st and retire from Centene at the end of 2027. Drew has been an incredible CFO and a true partner to me in the leadership of this extraordinary company. He has also served as a mentor, friend and role model to countless members of the CenTeam.

As we look ahead, I’m excited to share that Chris Neczypor will join us in September and will become Centene’s next CFO on January 1st. Chris joins us from Lincoln Financial where he served as CFO and also led strategy and enterprise transformation. Beyond his robust financial experience, Chris embodies our One CenTeam culture. He is a collaborative leader who is deeply committed to helping us simplify healthcare and transform the health of the communities we serve. Native to the Philadelphia area, Chris is a die-hard Eagles fan who loves spending time with his family and three dogs.

Over the coming months, Chris, Drew and I will partner on a thoughtful transition, ensuring we are well prepared to step into Centene’s next chapter. We look forward to giving Chris a warm welcome when he begins with the company next month. In the meantime, I’d ask that you join me in thanking Drew for all he has done and will continue to do for Centene. I look forward to celebrating his remarkable career and legacy when he retires late next year.

#CFO #Company #Culture #Leadership

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@ae executives typically have "golden parachute" contracts

@OP oh isn’t this delicious??

Spare us the retirement-pageant bullsh-t. Drew is being removed from the CFO seat, replaced from outside, and then parked as a “strategic advisor” for a year.

Three weeks ago, he called Q2 “fantastic,” declared Marketplace “back on track,” and raised 2026 adjusted EPS guidance above $4.80. This is the same CFO who began 2025 promising more than $7.25 and delivered $2.08. The analysts and Wall Street should look back at these promises and absolutely punish the stock.

His “remarkable legacy”? Promise at least a 3.3% adjusted net income margin, average roughly 2.2% for five years, finish 2025 at 0.59%, and collect $16.1 million that year.

Even his replacement’s recurring target compensation is about half that amount. It’s the executive-suite version of eliminating a role and reposting it at a lower rate, except Centene will also spend $12 million to lure the replacement over.

At a $25-per-hour offshore rate, that $12 million buys roughly 230 people for a year. Drew’s 2025 compensation buys another 310. Together, that’s about 540 offshore workers. But we all know $25 bucks an hour is probably double what these folks will be taking home whilst doing whatever “one person at a time…” Not my concern anymore, but yeah… ridiculous-ness.

Apparently the expensive resource Centene really needed to optimize all along was Drew. 😂

Centene, doing what’s easy since 2026. ✌️

@af One person pulled off the stage with a giant curved wooden cane and the new person walks through the curtain to take a bow.

@ae His contract

Funny how they already hired his replacement!

@aa if he was let go would they really keep him on through the end of 2027 like they are doing?

Not being sarcastic. Genuine question.

I could see this as him having to take the fall for leadership and the extra year is the compromise I guess, as getting rid of Sarah would be a PR disaster. But it’s not like he’s getting canned effective immediately.

He did nothing but l8ne his pockets. I will never understand what drives Sarah to continue with people who aren't helping her one bit. Immaturity maybe?

Drew isn’t leaving because he wanted to this is standard email for someone who was given a choice to leave/early retire or be fired. He was let go.

Bye Felicia!

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