U.S. Markets close in 55 mins

Top WellCare execs will earn millions in Centene cash and stock

Crystal Owens
Top WellCare execs will earn millions in Centene cash and stock

WellCare Health Plans’ top leaders have accepted executive roles with Centene Corp., the St. Louis-based health care giant that announced in March that it would acquire the Tampa-based company in a $17.3 billion cash and stock transaction. Kenneth Burdick, CEO of WellCare (NYSE: WCG) and Drew Asher, chief financial officer, have signed two-year agreements with Centene to serve as executive vice presidents. The CEO, under the terms of Centene’s Stock Incentive Plan, will receive a target amount equal to $7 million.