Management ChangeJul 10, 2026, 04:57 PM
Concentra Enters Consulting Agreement with Retiring CMO
AI Summary
Concentra Group Holdings Parent, Inc. announced that Dr. John R. Anderson, Executive Vice President and Chief Medical Officer, will retire effective December 31, 2026. In connection with his retirement, Concentra entered into a consulting agreement with Dr. Anderson, effective January 1, 2027, through December 31, 2027. Under the agreement, Dr. Anderson will provide part-time consulting services for up to 10 hours per week at a rate of $216.00 per hour, and his unvested restricted stock awards will continue to vest during the term.
Key Highlights
- Dr. John R. Anderson retired as EVP and Chief Medical Officer effective December 31, 2026.
- Consulting Agreement with Dr. Anderson becomes effective January 1, 2027.
- The consulting term is through December 31, 2027.
- Dr. Anderson will provide up to 10 hours of consulting services per week.
- Consulting rate is $216.00 per hour.
- Outstanding unvested restricted stock awards will continue to vest during the term.
- 25% of then-unvested restricted stock will automatically vest if the full term is completed.
Price Impact
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