Saturday, January 14, 2012

WellCare execs promoted - San Antonio Business Journal:

ejyceh.wordpress.com
In his new role, O’Neill will report directl to Charles Berg, executive chairman of and will continue to leadthe company’s efforts to resolve pending investigations and litigation, a release said. WellCare (NYSE: WCG), a Tampa-based companyg that provides managed care services exclusivelhfor government-sponsored health care programs, recently announced settlements with the Justicew Department and the , stemmin from a scheme to defraud the program and the As part of the settlemenft with the U.S. Attornet for the Middle District of WellCare agreed to a corporate compliancer andgovernance program.
O’Neill will play a key role as the company “further strengthens its culture of the release said. O’Neill will serve in his new positioj through the end of the therelease said. In a filing with the SEC, WellCare said O’Neill’ss amended employment agreement calls for him to continue to receives his current base salary of not lessthan $41,66 7 a month. He also could get a cash bonua of 50 percent of his annua base salary if he achievese certainperformance goals. If he stays on the job through the end ofthe he’s in line for an additional cash bonus of at leasg $750,000, the filing said.
Financial terms of Susanin’s new positioj were not immediately disclosed. Before joining WellCare, O’Neill was a partnerf at , general counsel for the , and an assistanrt U.S. attorney. Susanin previously was counsel to and then a partnere in thelaw firm, and also an assistant U.S. attorney for the District of Columbia and the eastern distric tof Pennsylvania.

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