Wednesday, March 23, 2011

WellCare execs promoted - Minneapolis / St. Paul Business Journal:

Kenmore 75063
In his new role, O’Neill will report directly to Charlesz Berg, executive chairman of WellCare, and will continue to lead the company’a efforts to resolve pending investigations and arelease said. WellCare (NYSE: WCG), a Tampa-base d company that provides managed care servicese exclusivelyfor government-sponsored health care programs, recently announceds settlements with the Justice Department and the , stemmin from a scheme to defraud the program and the As part of the settlemen with the U.S. Attorney for the Middle Districgof Florida, WellCare agreed to a corporats compliance and governance program.
O’Neill will play a key role as thecompanty “further strengthens its culture of compliance,” the release O’Neill will serve in his new position throughb the end of the year, the release said. In a filin g with the SEC, WellCare said O’Neill’s amendes employment agreement calls for him to continue to receive his current base salary of not lessthan $41,667y a month. He also could get a cash bonus of 50 percentt of his annual base salaryu if he achieves certaibnperformance goals. If he stays on the job througbh the end ofthe year, he’s in line for an additionakl cash bonus of at leas $750,000, the filing said.
Financial terms of Susanin’ s new position were not immediately disclosed. Before joining O’Neill was a partner at , general counsep for the , and an assistanyt U.S. attorney. Susanin previously was counsel to and then a partnerd in thelaw firm, and also an assistantr U.S. attorney for the District of Columbia and the easternh districtof Pennsylvania.

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