People: Magellan Health Services Inc (MGLN.O)

MGLN.O on Nasdaq

52.40USD
21 May 2013
Price Change (% chg)

$0.18 (+0.34%)
Prev Close
$51.70
Open
$52.13
Day's High
$52.74
Day's Low
$51.92
Volume
183,075
Avg. Vol
239,149
52-wk High
$56.58
52-wk Low
$40.24

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Summary

Name Age Since Current Position

Rene Lerer

56 2013 Executive Chairman of the Board

Karen Rohan

50 2009 President

Barry Smith

59 2013 Chief Executive Officer, Director

Jonathan Rubin

48 2008 Chief Financial Officer

Tina Blasi

54 2012 Chief Executive Officer of National Imaging Associates, Inc. and Interim President - Pharmacy Solutions

Keith Dixon

62 2011 President - Behavioral Health Business Unit

Kim Mageau

54 2011 President - Magellan Pharmacy Solutions

Daniel Gregoire

56 2005 General Counsel, Secretary

Caskie Lewis-Clapper

47 2004 Chief Human Resources Officer

Robert Le Blanc

46 Lead Independent Director

Eran Broshy

53 2009 Independent Director

Michael Diament

43 2004 Independent Director

William Forrest

52 2007 Independent Director

William McBride

67 2004 Independent Director

Michael Ressner

63 2004 Independent Director

Mary Sammons

66 2011 Independent Director

Biographies

Name Description

Rene Lerer

Dr. Rene Lerer, M.D., is Executive Chairman of the Board of Magellan Health Services Inc., effective Jan 1, 2013. He is no longer Chief Executive Officer effective Jan 1, 2013. He was appointed president and chief executive officer of the company as of February 19, 2008. He was also appointed chairman of the board on February 25, 2009. Prior to being appointed president and chief executive officer, he served as president and chief operating officer of the company from October 2003 and as chief operating officer of the company from January 2003. Dr. Lerer was first appointed to the board in 2004. Prior to joining the company, Dr. Lerer co-founded Internet HealthCare Group ("IHCG"), an early-stage healthcare technology venture fund, and served as its president from 1999 to 2002. Prior to IHCG, Dr. Lerer was employed by Prudential Healthcare, Inc. as its chief operating officer from 1997 to 1999. Prior thereto, Dr. Lerer was employed by Value Health, Inc., a New York Stock Exchange-listed specialty managed healthcare company, and served as senior vice president—operations of its pharmacy and disease management group from 1995 to 1997. Prior thereto, Dr. Lerer was employed by Value Health Sciences as senior vice president of corporate development from 1992 to 1994. Dr. Lerer is a member of the board of directors of IHCG, a private employee benefits service company. Within the previous five years he served on the board of directors of Digital Insurance, a private employee benefits service company. Dr. Lerer also serves on the board of HIAS, a U.S.-based international resettlement organization serving refugees in the U.S., and on the Board of Regents for Higher Education for Connecticut State Colleges and University.

Karen Rohan

Ms. Karen S. Rohan is President of Magellan Health Services Inc., since August 2009. Prior to joining the company at that time, she served from 2005 to 2009 as the President of the Group Disability, Dental and Vision Care businesses of CIGNA Corporation. During her career at CIGNA, which she joined in 1991, Ms. Rohan held several positions with increasing responsibilities in business strategy, operations and finance, including positions as president of the company's specialty businesses, including behavioral health and pharmacy, chief underwriting officer for its health care business, and vice president and business financial officer for health care field operations.

Barry Smith

Mr. Barry M. Smith has been appointed as the Chief Executive Officer, Director of Magellan Health Services Inc., effective from Jan 1, 2013. Smith has knowledge of health care gained through direct industry experience as well as service on Magellan's board. Throughout his career he has been instrumental in driving transformational change. His experience includes health care integration, and the linkages between PBM's, behavioral health and population management. Since 2011, Smith has served as an operating partner for Health Evolution Partners, which invests in rapidly growing companies across the health care industry. His prior industry experience includes serving as the founder, chairman, president and CEO of VistaCare, chairman and CEO of ValueRx, a division of Value Health, Inc., and senior roles in both PCS, Inc. and Baxter International. He served on Magellan's board of directors from 2005 through 2008, and rejoined the board in 2011. He is currently the lead director of CenseoHealth, the chairman of Optimal Radiology, and the lead director of Halcyon Health Services.

Jonathan Rubin

Mr. Jonathan N. Rubin is Chief Financial Officer of Magellan Health Services Inc., since September 8, 2008. Prior to joining the company at that time, he served as Senior Vice President, Dental and Vision for CIGNA Healthcare and Senior Vice President and Chief Financial Officer of the HealthCare Division of CIGNA Healthcare, from 2004 to 2008. He previously served in various capacities with CIGNA from 1985 to 2004.

Tina Blasi

Ms. Tina Blasi is Chief Executive Officer of National Imaging Associates, Inc., a subsidiary Company and Interim President - Pharmacy Solutions of Magellan Health Services, Inc. She has been appointed as Interim President of Pharmacy Solutions effective August 15, 2012. She is responsible for Radiology Benefits Management Business. Prior to joining NIA, Ms. Blasi co-founded and served, from 1999 to 2007, as Chief Operating Officer of Lumenos, a privately held consumer-directed health plan which was acquired by WellPoint, Inc. in 2005. She previously served as Chief Operating Officer and in other senior management positions with Value Behavioral Health.

Keith Dixon

Mr. Keith Dixon, Ph.D., is President - Behavioral Health Business Unit of Magellan Health Services Inc., since January 2011. He previously served as President of CIGNA Behavioral Health from 1997-2006 and President of CIGNA Health Solutions from 2006-2010. Prior to joining CIGNA, he served as President of United Behavioral Health, a subsidiary of United Health Group. He received his Ph.D. in psychology from The Union Graduate School, a Masters Degree from the University of St. Thomas, and his B.A. from The University of Minnesota.

Kim Mageau

Ms. Kim Marie Mageau is President - Magellan Pharmacy Solutions of Magellan Health Services Inc., October 2011. She previously served as Senior Vice President, Operations of Company's specialty pharmacy business since early in 2011. Prior to joining Magellan, she served in several senior roles with Prime Therapeutics, LLC from 2006 to 2010 including as President and Chief Executive Officer, Chief Operating Officer and Chief Financial Officer.

Daniel Gregoire

Mr. Daniel N. Gregoire is General Counsel, Secretary of Magellan Health Services Inc., since January 18, 2005. Mr. Gregoire was formerly Executive Vice President, General Counsel and Secretary of Oxford Health Plans, Inc., a New York Stock Exchange-listed managed care company, from 2000 to 2004. Prior to joining Oxford, Mr. Gregoire was an attorney and shareholder with Sheehan Phinney Bass + Green PA, a Manchester, New Hampshire-based law firm, from 1981 to 2000.

Caskie Lewis-Clapper

Ms. Caskie Lewis-Clapper is Chief Human Resources Officer of Magellan Health Services Inc., since 2004. She previously held several senior positions in human resources since joining the company in 1999. Prior to joining Magellan, Ms. Lewis-Clapper served as Human Resources Operations lead for Helix Health, a Baltimore, Maryland-based health care system. Prior to joining Helix, she was with General Physics Corporation, where as a staff consultant she worked with clients across several industries on learning, organization development and performance improvement initiatives.

Robert Le Blanc

Mr. Robert M. Le Blanc is Lead Independent Director of Magellan Health Services Inc. He was first appointed to the board in 2004. He currently serves as a managing director of Onex Corporation ("Onex"). Prior to joining Onex in 1999, Mr. Le Blanc worked for Berkshire Hathaway for seven years. From 1988 to 1992, Mr. Le Blanc worked for General Electric. Mr. Le Blanc also serves as a director of Skilled Healthcare, a publicly-traded service provider to the long-term care industry. Within the previous five years he served on the boards of directors of First Berkshire Hathaway Life, a publicly traded diversified insurance and investment company, Emergency Medical Services Corporation, a publicly-traded provider of emergency medical services in the United States, ResCare, Inc., a human service company, Center for Diagnostic Imaging, Inc., a national network of outpatient diagnostic imaging centers, Cypress Holdings, Inc., an insurance holding company, The Warranty Group, a provider of warranty and service contracts, Carestream Health, Inc., a provider of medical and dental imaging systems, and Connecticut Children's Medical Center.

Eran Broshy

Mr. Eran Broshy is Independent Director of Magellan Health Services Inc., since February 2009. He currently serves as a senior adviser to Providence Equity LLC, a private equity fund. He previously served as the chief executive officer and chairman of the board of inVentiv Health, Inc., a privately held (and until August 2010 a NASDAQ-listed) company that delivers a broad range of customized clinical, communications, commercial and patient outcome solutions to pharmaceutical and life sciences companies. Prior to joining inVentiv, he served as a partner responsible for the healthcare practice of The Boston Consulting Group ("BCG") across the Americas. During his career at BCG from 1984 to 1998, Mr. Broshy consulted widely with senior executives from a number of the global pharmaceutical manufacturers, managed care organizations and academic medical centers, and advised on a range of strategic, organizational and operational issues. He also served as president and chief executive officer of Coelacanth Corporation, a privately-held biotechnology company. Mr. Broshy currently serves on the board of directors of Virtual Radiologic Corporation, a private teleradiology company, ikaSystems Corporation, a private software and application service provider company, and HeartFlow, a cardiovascular diagnostics company. Within the previous five years he also served on the board of directors of inVentiv Health, Inc., Neurogen Corporation, a NASDAQ-listed biotechnology company, Correlagen Diagnostics, Inc., a private genetic testing company, and Union Street Acquisition Corp., a blank check company. He also serves on the Simon Wiesenthal Center's New York Executive Board and is the Dean of the Massachusetts Institute of Technology's Science Advisory Council.

Michael Diament

Mr. Michael Diament is Independent Director of Magellan Health Services Inc., since January 5, 2004. He formerly served as portfolio manager and director of bankruptcies and restructurings from January 2001 to February 2006 for Q Investments, an investment management firm. From February 2000 until January 2001, Mr. Diament was a senior analyst for Sandell Asset Management, an investment management firm, and served as vice president of Havens Advisors, an investment management firm, from July 1998 to January 2000. He currently serves on the board of directors of Mark IV Industries, Inc., a privately-held manufacturer of engine technology solutions, and within the previous five years he served on the boards of directors of Journal Register Company, a privately-held multi-platform local news and information company, and J.L. French Automotive Castings, Inc., a privately-held auto parts company.

William Forrest

Mr. William D. Forrest is Independent Director of Magellan Health Services Inc., since July 26, 2007. He is the founder and a managing partner of Tower Three Partners, LLC, a private equity fund that invests in distressed companies requiring operational and/or financial restructuring. In addition to Magellan, Mr. Forrest currently serves on the board of directors of Restoration Hardware, Inc., a privately-held home furnishings retailer, Facet Technologies, LLC, a privately-held medical products manufacture, and Teters Floral Products, Inc., a privately-held designer, manufacturer and distributor of artificial floral and home decor products. He served as the non-executive chairman of Cosi, Inc., a national restaurant chain which is listed on NASDAQ, from December 2006 through December 2007. He served as the executive chairman of Cosi from April 2003 until December 2006. Prior to joining Cosi, Mr. Forrest was a managing director, the restructuring group and serving on the management committee at the international investment bank, Gleacher Partners, from 2001 until 2004. Prior to his position at Gleacher Partners, he was a managing director of Catterton-Forrest LLC, where he was responsible for the acquisition and management of portfolio companies in the troubled business space. Mr. Forrest is a Certified Turnaround Professional. He began his professional career in the consulting division of Laventhol & Horvath. Throughout his career, he has served in executive management, investment banking and investor roles with organizations in a variety of industries including healthcare, manufacturing and food services.

William McBride

Mr. William J. McBride is Independent Director of Magellan Health Services Inc., since January 21, 2004. Mr. McBride is currently retired. Prior to his retirement in 1995, Mr. McBride had been a director of Value Health, Inc., a New York Stock Exchange-listed specialty managed care company, which included Value Behavioral Health. From 1987 to 1995, Mr. McBride served as president and chief operating officer of Value Health, Inc., overseeing all operational activities of the company and its subsidiaries. Prior to his tenure at Value Health, Mr. McBride spent 15 years in a variety of positions with INA Corporation and its successor, CIGNA Corporation, including serving as president and chief executive officer of CIGNA Healthplan, Inc. Mr. McBride currently serves on the board of directors of AmeriGroup Corporation, a managed healthcare company focused on providing services to Medicaid recipients, Internet HealthCare Group, an early-stage healthcare technology venture fund, and Women's Health USA, Inc., a private healthcare services company.

Michael Ressner

Mr. Michael P. Ressner is Independent Director of Magellan Health Services Inc., since January 5, 2004. He retired from Nortel Networks, where between 1981 and 2003 he was a senior executive with functional responsibilities that spanned the areas of finance and general management including vice president-finance. Mr. Ressner was an adjunct professor of finance and accounting at the North Carolina State University College of Management between 2003 and 2005. He now sits on the advisory board of the Enterprise Risk Management Institute at North Carolina State University. Mr. Ressner currently serves on the board of directors of Exide Technologies, a NASDAQ-listed stored electrical energy solution company, and within the previous five years served on the boards of Entrust, Inc., a publicly-traded information security company, Tekelec, a NASDAQ-listed provider of network signaling systems, and Arsenal Digital Solutions, a private data storage services company. As a member of the Executive Service Corps, Mr. Ressner participates in assignments that focus on providing financial management and governance consultancy to not-for-profit organizations in the Raleigh/Durham/ Chapel Hill area.

Mary Sammons

Ms. Mary F. Sammons is Independent Director of Magellan Health Services Inc., since July 25, 2011. She currently serves as the chairman of the board of Rite Aid Corporation ("Rite Aid") and has served on the board of directors of Rite Aid since 1999. From 2003 until 2010, Ms. Sammons served as the chief executive officer of Rite Aid, and from 1999 to 2008 served as the president of Rite Aid. Between 1985 and 1999, Ms. Sammons held a number of senior level positions with Fred Meyer Stores, Inc., a subsidiary of Fred Meyer, Inc. and later The Kroger Company, including president and chief executive officer. Ms. Sammons is a member of the board of the National Association of Chain Drug Stores, a trade association, a member of the board of directors of StanCorp Financial Group, Inc., a New York Stock Exchange listed insurance and financial services company, and serves as the president of the Rite Aid Foundation. Within the previous five years she served on the board of directors of First Horizon National Corporation, a bank holding company.

Basic Compensation

Options Compensation

Name Options Value

Rene Lerer

1,714,463 34,162,250

Karen Rohan

49,000 656,715

Barry Smith

0 0

Jonathan Rubin

0 0

Tina Blasi

46,546 566,765

Keith Dixon

0 0

Kim Mageau

0 0

Daniel Gregoire

80,011 236,340

Caskie Lewis-Clapper

18,748 607,131

Robert Le Blanc

0 0

Eran Broshy

0 0

Michael Diament

0 0

William Forrest

0 0

William McBride

0 0

Michael Ressner

0 0

Mary Sammons

0 0
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