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Health Insurer Giant Centene Shuffles Leadership Team, Elevates Ken Fasola to President

Centene Shuffles Leadership Team, Elevates Ken Fasola to President

Health insurer giant Centene Corporation is shaking up its leadership team. Ken Fasola, currently executive vice president of healthcare enterprises, has been promoted to President, reporting to chief executive officer Sarah London.

Fasola, who had run Magellan Health before Centene bought the company earlier this year, replaces Brent Layton who joined Centene in 2006 and “will become Senior Advisor to the CEO, as he begins his transition towards retirement,” Centene said.

“Fasola brings more than three decades of successful leadership in the healthcare industry, including CEO roles at multiple health insurance companies,” Centene said. “He will be responsible for Centene’s health plans, all lines of business and core operations.”

In addition, the company named Jim Murray, currently EVP, Chief Transformation Officer, as EVP, Chief Operating Officer and Dave Thomas, currently EVP, Markets, to CEO of Markets and Medicaid. Murray and Thomas will both report to Fasola.

“With these appointments, Centene is aligning the outstanding talent within our senior executive team with the Company’s value creation mission and long-term strategy for growth,” said London.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.