Molina Healthcare hires new CFO following departure

Molina Healthcare has appointed Thomas Tran as its new chief financial officer and treasurer. He succeeds current CFO Joseph White, who has announced his plans to retire after 15 years with the company.

In his new role, Tran will have oversight of the Molina’s finance, accounting, reporting, budgeting and forecasting, actuarial, investor relations and treasury functions.

Tran has over 35 years’ experience in health care, including six years as CFO of WellCare Health Plans. Most recently, Tran was the CFO for Sentry Data Systems where he oversaw finance, human resources, operations and information security. He has also held leadership roles at CareGuide, Uniprise, an operating division of UnitedHealth Group, ConnectiCare, Blue Cross & Blue Shield of Massachusetts, and Cigna.

“Tom is an industry leader with a proven track record of generating shareholder value,” said Joe Zubretsky, president and chief executive officer of Molina Healthcare. “His financial acumen and experience in successfully turning around and growing managed care businesses make him an invaluable addition to our executive leadership team. With Tom’s financial leadership, I am very confident in the continued execution of our margin recovery and sustainability plan.”

Molina said White will continue his existing duties until Tran assumes his new role to ensure a smooth transition of responsibilities.

White’s career has included more than 30 years of financial management experience in the health care industry. He has held several positions since he started with Molina in 2003, including chief financial officer, treasurer, interim chief executive officer and chief accounting officer.