Given new management and speculation that the company could now be a takeover target, the commitment to Molina’s Obamacare business could change. Molina’s board Tuesday afternoon announced a major shakeup, naming Joseph W. White, the company’s chief accounting officer, to the dual role of interim CEO and chief financial officer, replacing the Molina brothers. Though Mario Molina is out as chief executive officer and John Molina is out as chief financial officer, both will remain on the board of directors. White will serve as CEO on an interim basis until a permanent successor to Mario Molina is named. And the sustained growth Molina's board wants could mean an exit from the low-margin ACA-compliant business.

Source: Forbes May 03, 2017 11:37 UTC