J. Mario Molina, MD, ousted CEO of Molina Healthcare, stepped down from the insurer's board of directors Dec. 13.
Here are three things to know about the move.
1. Dr. Molina, the son of the insurer's late founder C. David Molina, departed the board to pursue other opportunities.
2. He helmed Molina Healthcare as CEO from 1996 to May of this year, when the insurer's board of directors unexpectedly fired Dr. Molina and his brother John Molina, the company's CFO. The board cited poor financial performance as the reason for its decision.
3. Dr. Molina owns and operates South Pasadena, Calif.-based Golden Shore Medical Group, formerly Molina Medical Group.