Exhibit 99.1
Change Healthcare Names Nella Domenici to Board of Directors
Nashville, Tennessee – May 13, 2020 – Change Healthcare Inc. (Nasdaq: CHNG), a leading independent healthcare technology company, announced today that Nella Domenici, currently a member of the Board of Alliance Bernstein LP, and former Chief Financial Officer of Bridgewater Associates, has been appointed to the Change Healthcare Board of Directors effective May 12, 2020.
“Nella is an accomplished leader who brings a tremendous breadth and depth of global experience in strategic financial management, corporate strategy and operations,” said Howard L. Lance, Chairman of the Change Healthcare Board of Directors. “We are thrilled to welcome Nella to Change Healthcare’s Board and look forward to her perspectives, insights and guidance as we continue to expand our capabilities and accelerate our growth.”
“Change Healthcare has established itself as a leading healthcare technology company in the U.S. delivering significant value across the healthcare continuum,” said Ms. Domenici. “I look forward to working with the Change Healthcare Board of Directors and leadership team as they advance their vision of inspiring a better healthcare system, while they continue to serve patients, providers and health plans, especially during this critical time in our country.”
With the addition of Ms. Domenici, who will join the Audit Committee of the Board, the Change Healthcare Board of Directors will be comprised of nine directors, eight of whom are independent.
Ms. Domenici joined the Board of Directors of Alliance Bernstein LP in January 2020 where she is on the Audit Committee. From 2015 to 2018, Ms. Domenici was Chief Financial Officer and a member of the Operating Committee at Bridgewater Associates; one of the largest global hedge funds with more than $160 billion in assets under management. While at Bridgewater, Ms. Domenici was responsible for financial planning and analysis, audit and accounting, compensation design, budget, corporate and strategic finance, tax, procurement, and shareholder services. She presented regularly to the Board of Directors and the Finance Committee. From 2012 to 2015, she was a strategic advisor to Bridgewater’s Management Committee and led the evolution of the firm’s senior leadership organizational structure and helped to define governance strategy.
