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agilon health Announces Tim Bensley to Retire as CFO

Key Takeaway: Agilon health announced the retirement of CFO Timothy Bensley, expected within nine months. The company has begun the search for a new CFO, with Bensley remaining in his role during the transition. CEO Steve Sell expressed gratitude for Bensley's leadership over the past three years, highlighting his contributions to the company's growth.
Price reaction · baseline $302 (2024-01-04 close) · hit pre-market · clean, no other AGL news in the window
day 0 close
-28.6%
day 1
-24%
day 3
-33.9%

Market Sentiment Analysis

POSITIVE FACTORS

  • Timothy Bensley has been a key leader at agilon health.
  • The company is initiating a search for a new CFO, indicating stability.
  • Bensley will assist during the transition, ensuring continuity.

Full Press Release Details

AUSTIN, TX, JANUARY 5, 2024 – agilon health, inc. (NYSE: AGL), the trusted partner empowering physicians to transform health care in our communities, today announced that Timothy Bensley has informed the company of his intent to retire from his position as Chief Financial Officer (CFO) during 2024, which agilon expects to take place within the next nine months. The search for a new CFO has been initiated, and Bensley has agreed to remain as CFO through this process and serve in a consulting role through the transition.
“I want to thank Tim for his leadership over the past three years at agilon health, and for the impact he has had on our company, our physician partners, and the communities we serve,” said Steve Sell, chief executive officer, agilon health. “Tim helped advance our finance function and was key in agilon’s transition to become a publicly traded company in 2021. We wish him all the best in his retirement.”
About agilon health
agilon health is the trusted partner empowering physicians to transform health care in our communities. Through our partnerships and purpose-built platform, agilon is accelerating at scale how physician groups and health systems transition to a value-based Total Care Model for their senior patients. agilon provides the technology, people, capital, process, and access to a peer network of 2,400+ primary care physicians that allows its physician partners to maintain their independence and focus on the total health of their most vulnerable patients. Together, agilon and its physician partners are creating the healthcare system we need – one built on the value of care, not the volume of fees. The result: healthier communities and empowered doctors. agilon is a trusted partner in 30+ diverse communities and is here to help more of our nation’s leading physician groups and health systems have a sustained, thriving future. For more information about agilon health, visit www.agilonhealth.com and connect with us on Instagram , LinkedIn , X , and YouTube.
Contacts:
Investor Contact Matthew Gillmor Vice President, Investor Relations investors@agilonhealth.com
Media Contact David Tauchen Senior Director, Communications media@agilonhealth.com
Source: agilon health

Frequently Asked Questions

When is Tim Bensley's retirement from Agilon Health?

Tim Bensley plans to retire within the next nine months in 2024.

What role will Bensley have during the transition?

Bensley will remain as CFO and serve in a consulting role during the transition.

Who is leading the search for a new CFO?

Agilon health has initiated the search for a new CFO following Bensley's announcement.

What has Bensley contributed to Agilon Health?

Bensley has significantly advanced the finance function and aided in the company's public transition.

Last updated: Jan 5, 2024