He took on the CFO role in June 2018 while the company was struggling financially. Molina’s operating loss had widened to $269 million in the fourth quarter of 2017, compared to an operating loss of $6 million in the same period a year prior.
Under Mr. Tran’s leadership, Molina most recently recorded revenue of $5.24 billion in the fourth quarter ended Dec. 31, up from $4.27 billion recorded in the same quarter in 2019. Despite the revenue growth, Molina saw its fourth-quarter profit fall $134 million year over year to $34 million, as COVID-19 costs increased.
Mr. Tran will serve in a transitional role until May 31. Mark Keim, Molina’s former executive vice president of strategic planning, corporate development and transformation, is the health insurer’s new CFO.
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