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Centene Corporation (NYSE:CNC), a $12.8 billion healthcare provider trading near its 52-week low of $25.11, announced the resignation of Director Wayne S. DeVeydt, effective immediately as of Friday. According to a company statement based on a Securities and Exchange Commission filing, Mr. DeVeydt notified Centene of his decision to resign from the board of directors on Friday.
The company stated that Mr. DeVeydt’s resignation was not the result of any dispute or disagreement with Centene or its board on matters relating to operations, policies, or practices.
Following Mr. DeVeydt’s departure, the board reduced its number of directors from eleven to ten. No additional details regarding the reasons for the resignation or plans for board succession were disclosed in the filing.
Centene Corporation is listed on the New York Stock Exchange under the ticker symbol CNC. This information is based on a press release statement included in the company’s recent SEC filing.
In other recent news, Centene Corporation reported its Q2 2025 earnings, revealing a significant miss with an adjusted loss per share of $0.16, contrary to the anticipated earnings per share of $0.23. Despite the earnings miss, Centene experienced a positive market reaction due to strong revenue performance and an optimistic outlook for future profitability. Meanwhile, Cantor Fitzgerald downgraded Centene’s stock rating from Overweight to Neutral, citing macroeconomic uncertainties in the Health Insurance Exchange and Medicaid markets. The investment firm expressed particular concern over Centene’s earnings exposure to the HIX segment. In another development, eHealth (NASDAQ:EHTH), Inc. announced the appointment of Derrick Duke as its new Chief Executive Officer, effective September 18, 2025. Duke will succeed Fran Soistman, who is retiring but will remain on the Board of Directors and serve as an executive advisor through the end of the year. These recent developments highlight significant changes and challenges within the health insurance sector.
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