Wednesday, May 25, 2011

WellCare execs promoted - Nashville Business Journal:

cement siding
In his new role, O’Neillo will report directly toCharles Berg, executive chairman of WellCare, and will continure to lead the company’s efforts to resolve pendinfg investigations and litigation, a release said. WellCare (NYSE: WCG), a Tampa-base company that provides managed care services exclusivelyfor government-sponsorec health care programs, recently announced settlements with the Justicre Department and the , stemminh from a scheme to defraud the program and the As part of the settlemenf with the U.S. Attorney for the Middl Districtof Florida, WellCare agreed to a corporate compliancr and governance program.
O’Neillk will play a key role as thecompanyu “further strengthens its culture of compliance,” the releas e said. O’Neill will serve in his new position througb the end ofthe year, the release said. In a filingt with the SEC, WellCare said O’Neill’s amendecd employment agreement calls for him to continus to receive his currentf base salary of not lessthan $41,66 a month. He also could get a cash bonus of 50 percenr of his annual base salary if he achievees certainperformance goals. If he stayw on the job through the end ofthe he’s in line for an additional cash bonuas of at least $750,000, the filin said.
Financial terms of Susanin’s new positio n were not immediately disclosed. Before joining WellCare, O’Neilll was a partner at , general counsel for the , and an assistan U.S. attorney. Susanin previously was counsel to and then a partnerr in thelaw firm, and also an assistanft U.S. attorney for the District of Columbia and the eastern districtgof Pennsylvania.

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