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Molina Healthcare fires CEO, CFO — 5 insights

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Molina Healthcare fired its CEO J. Mario Molina, MD, and its Chief Financial Officer John C. Molina.

Here's what you should know.

1. The board changed leadership due to disappointing financial performance.

2. The board named Chief Accounting Officer Joseph White interim president and chief executive officer. The board is searching for a permanent replacement.

3. The board also named Mr. White CFO.

4. The board named Director Dale Wolf as the non-executive chairman of the board.

5. Both Dr. Molina and Mr. Molina will serve on the board of directors. Dr. Molina can be re-elected as director of the board.

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