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Posted 23 December, 2021

Oscar Health, Inc. appointed new CEO

CEO Change detected for ticker NYSE:OSCR in a 8-K filed on 23 December, 2021.


  On December 17, 2021, Oscar Health, Inc. (the "Company") and Joel Klein agreed that Mr. Klein would transition from his role as Chief Policy and Strategy Officer of the Company to a role as a Senior Advisor to the Chief Executive Officer.  

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Overview of Oscar Health, Inc.
Financial Services • Life Insurance
Oscar Health, Inc. is a health insurance company, which serves its customers through a technology platform. It offers individual and family, small group and medicare advantage plans, and technology platform to others within the provider and payor space. The company was founded by Mario Tobias Schlosser, Kevin Nazemi, and Joshua Kushner on October 25, 2012 and is headquartered in New York, NY.
Market Cap
$3.53B
View Company Details
Oscar Health, Inc. by TradingView
Relevant filing section
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 

On December 17, 2021, Oscar Health, Inc. (the "Company") and Joel Klein agreed that Mr. Klein would transition from his role as Chief Policy and Strategy Officer of the Company to a role as a Senior Advisor to the Chief Executive Officer. The Company looks forward to continuing to work with Mr. Klein in this new capacity. 

The Company and its subsidiary, Oscar Management Corporation, plans to enter into an amended and restated employment agreement with Mr. Klein, effective January 1, 2022 (the "A&R Agreement"), pursuant to which Mr. Klein will receive an annual salary of $100,000. Upon a termination without cause (as defined in the A&R Agreement) and subject to Mr. Klein's execution and non-revocation of a general release of claims and continued compliance with customary confidentiality, non-competition and non-solicitation covenants, Mr. Klein will be entitled to six months of (i) cash severance and (ii) continued healthcare coverage.