Alignment Healthcare Updates its Board of Directors

About this update from Alignment Healthcare, Inc.

[{"type":"text","content":"ORANGE, Calif., Aug. 16, 2024 (GLOBE NEWSWIRE) -- Alignment Healthcare, Inc. (NASDAQ: ALHC), today announced that Thomas (TJ) Carella and Jeffrey Margolis are stepping down as members of its Board of Directors, effective immediately. Margolis will step into a new role as an ongoing advisor to the business. “On behalf of the Board, I want to extend our appreciation to both TJ and Jeff for their longstanding contributions to Alignment Healthcare,” said Joseph Konowiecki, chairman of the Alignment Board. “Jeff and TJ’s exceptional experience and business insights, especially in the rapidly changing health care sector, have been instrumental in guiding the company to where it is today, delivering sustainable growth to better serve the health care needs of seniors across this country,” said Alignment Healthcare Founder and CEO John Kao, who is also a member of the Board. “It has been a privilege to work with the entire Board and the Alignment leadership team to support the remarkable growth of the company over the years,” Carella said. “When I joined the Board more than seven years ago, I was deeply committed to Alignment’s Triple Aim approach of delivering high-quality care at a lower cost with superior patient outcomes. Today, I am more confident than ever that the company is well-positioned to make an even bigger impact in the future.” “I’ve known John [Kao] for more than 30 years, and it has been truly exciting to work hand-in-hand with him and his team over the last decade to build a company that is making a positive impact on the lives of seniors,” Margolis said. “John’s vision to create a new and better platform for senior health continues to set Alignment apart in the industry. With his notable leadership, Alignment is well on its way to scaling the people and processes needed to stay ahead of the competition. I look forward to seeing Alignment’s model of Medicare Advantage done right reach even more people.” Carella joined the Board in 2017, Margolis in 2014. Their resignations were not the result of any disagreement with the company on any matter relating to the company's operations, policies or practices. About Alignment Health Alignment Health is championing a new path in senior care that empowers members to age well and live their most vibrant lives. A consumer brand name of Alignment Healthcare (NASDAQ: ALHC), Alignment...

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