Tag Archives: Avon

Magellan Stock Dips As It Announces Loss Of Contract

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Magellan Health Services Inc. said in a federal filing Monday that one of its customers will end a contract at the end of 2013.

The customer was not named. The customer’s contract brought in $144.5 million in revenue to Magellan during the nine-month period ending Sept. 30.

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Avon-based Magellan Health Services To Have A New CEO Starting Jan. 1

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Magellan Health Services Inc. will have a new chief executive at the start of the year as current CEO René Lerer steps down to become a full-time executive chairman.

The change is part of a transition to take place over several years. Barry M. Smith, 59, will be the new CEO starting Jan. 1. Smith is a member of the company’s board.

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