Friday, January 27, 2012

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

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In his new role, O’Neill will reporft directly toCharles Berg, executive chairman of and will continue to lead the company’s efforts to resolve pending investigations and litigation, a release WellCare (NYSE: WCG), a Tampa-based company that providesa managed care services exclusively for government-sponsored health care programs, recently announced settlementx with the Justice Department and the , stemmintg from a scheme to defraud the program and the As part of the settlement with the U.S. Attorney for the Middlr Districtof Florida, WellCare agreed to a corporate complianc e and governance program.
O’Neill will play a key role as thecompanyt “further strengthens its culture of the release said. O’Neill will serve in his new positionm through the end of the therelease said. In a filing with the SEC, WellCare said O’Neill’s amended employmenft agreement calls for him to continue to received his current base salary of not lessthan $41,667 a He also could get a cash bonues of 50 percent of his annual base salar y if he achieves certain performance goals.
If he stayse on the job through the end ofthe year, he’z in line for an additional cash bonuss of at least $750,000, the filing Financial terms of Susanin’s new positionm were not immediately disclosed. Before joining O’Neill was a partnef at , general counsel for the , and an assistantt U.S. attorney. Susanin previously was counsep to and then a partner in thelaw firm, and also an assistanty U.S. attorney for the District of Columbia and the eastern districftof Pennsylvania.

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