EHealth (EHTH) said Tuesday that Derrick Duke has been named as its next chief executive officer to succeed Fran Soistman, who is retiring from the post.

Duke will join the company on Aug. 4 to start the transition process before officially taking on the CEO role, while Soistman agreed to remain as an executive advisor through Dec. 31 to assist with the transition, the company said.

Duke is currently the CEO of Magellan Health, a Centene (CNC) subsidiary, according to the statement.

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