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CEO of Scottsdale health care firm stepping down

Posted at 7:25 AM, Jul 31, 2019
and last updated 2019-07-31 10:25:26-04

Barry Smith is stepping down as chairman and CEO of Magellan Health Inc.

The announcement comes in the wake of a high-profile activist investor shaking up the board of the Scottsdale-based managed care and pharmacy benefits company in the wake of share price declines.

Magellan reported Smith's pending retirement to the U.S. Securities and Exchange Commission in a regulatory filing.

He was elected to the board in 2011, named CEO in January 2013 and executive chairman in January 2014.

Read more from the Phoenix Business Journal.