"Centene CEO Neidorff pledges $5 million to Trinity University", "Trinity University Elects New Board Officers | Trinity University", "Plans to construct Centene facility moving forward", "Health services: Michael Neidorff, Centene Corp", "C-Suite Awards 2019: Michael Neidorff, Centene", "How Michael Neidorff took Centene from $40 million to $21 billion", "Invest suit claims Centene hid $900M tax liability in HealthNet purchase", "Another St. Louis CEO joins White House economic recovery task force", "Centene's Neidorff To Step Down As CEO Amid Deal With Activist Investor", "Centene Promotes Tech And Healthcare Strategist Sarah London To CEO Job", "Joe Biden Wants to End Prison Profiteering. This article about a United States businessperson is a stub. For 26 years, Neidorff led the Clayton-based company, growing it from a small health-care provider to a Fortune 25 behemoth and the region's largest company. Former Chairman and CEO of Centene, Michael F. Neidorff has died, the company announced April 7, [+] 2022. We are fortunate to have them as partners in our efforts to improve the quality oflife for people in our region and beyond.. I am deeply appreciative of our employees who have worked tirelessly and with an unwavering commitment to serving our members and partners. Neidorff owns a luxurious home on Palm Beach. Raquel Welch funeral, burial service, pictures, date, time, venue, David Carmine cause of death, wife, children, Harrison broadcaster's funeral. He graduated from Trinity University and St. Francis College with a Master of Arts degree. He was born in 1942 in Altoona, Pa., to A. Harvey Neidorff, a physician, and Shirley Rubin Neidorff, a nurse. [3] care-management software, correctional systems health care, in-home health services . John Tozzi. Mr. Neidorff has been recognized by Fortune twice as a Business Person of the Year once in 2015 and once in 2017. Early life and education [ edit] Neidorff was born in 1942 in Altoona, Pennsylvania. [13] [14], Michael Neidorff was married to Nomi Neidorff and they had two children. Centene Corp. said Chief Executive Officer Michael Neidorff will retire next year and the managed-care company will refresh its board in an agreement with activist investor Politan . NEIDORFF--Michael F. (1943--2022). At the tail end of 2021, Mr. Neidorff announced his retirement from the payer, ending a 25-year tenure leading Centene. Born in Budapest, Hungary, she grew up listening to opera and classical music, and her family lived around the corner from the Hungarian State Opera House. Linking and Reprinting Policy. Meanwhile, board changes will be made as part of its ongoing board refreshment and governance review process and a cooperation agreement the company has entered into with Politan Capital Management, Centene said Tuesday of board appointments that will be made Jan. 5, 2022. Michael F. Neidorff was an American business executive who served as chief executive officer (CEO) of Centene Corp. from 1996 until March 2022. 1 of 2. Neidorff was the Clayton, Missouri-based health insurance giant's chairman as well as its CEO. Please consider a donation as requested by the family. [7][9], In 2018, Neidorff was one of the executives named in a lawsuit claiming that Centene failed to disclose Health Net's potential tax exposure prior to their acquisition. Send a note, share a story or upload a photo. Home About Degree Programs Departments News and Events Research Study Abroad Choose Trinity for business Dedicated to students for their transformation. Tuesday of board appointments that will be made Jan. 5, 2022. He was 79. A cause of death was not disclosed. He later earned a masters degree from Saint Francis University in Loretto, Pa. They are honored to be acknowledged, yetthey continue to focus on the work that remains tobe done. (Reuters) - Centene Corp said on Thursday its board had approved a request from its chairman and chief executive officer Michael Neidorff for a period of medical leave, effective immediately.. A private family service will be held. Dearest Noemi and Michael, my heart aches for you during this time. It may take up to 1 hour for your comment to appear on the website. His fellow health insurance company executives praised his work, calling him among the first to address patients in under-represented and underserved communities, said Matt Eyles, president and CEO of Americas Health Insurance Plans (AHIP), the trade and lobby for the health insurance industry. It was that vision that grew Centene from a regional business to one of the nations leading health insurance providers, delivering better health every single day for so many Americans., Neidorff was described by the St. Louis Post-Dispatch in a report Thursday as a pillar of the St. Louis business community who turned Centene into a major philanthropic donor in the region.. St. Louis Post-Dispatch in a report Thursday. as Obamacare hit record levels during the pandemic. The estimated Net Worth of Michael F Neidorff is at least $662 Million dollars as of 1 November 2021. March 24, 2021. Michael Neidorff was 79. Their commitment reflects a passion for service and a belief in the importance of investing in people and communities. Michael F. Neidorff was an American business entrepreneur who took charge of Centene Corp. from 1996 until March 2022. Published by St. Louis Post-Dispatch on Mar. Expand the Memories and Condolences form. The Neidorffs relationship with the university is bolstered by their deep admiration for the institution. The payer's board of directors is actively looking for Mr. Neidorff's successor. [8], Neidorff donated to several political causes, including Hillary Clinton and Joe Biden's presidential campaigns, the National Republican Senatorial Committee and Senator Jeanne Shaheen's reelection campaign. Press Esc to cancel. What kind of arrangement is appropriate, where should you send it, and when should you send an alternative? Your entry has exceeded the maximum character limit. He was raised in Altoona, and graduated from Trinity. Without asking any questions, Michael said, whatever you need us to do to minimize disruption, we will do it. And he did. He Also has a South Palm Beach Property, 6. The architect of the Clayton-based managed health services provider's rapid expansion, former CEO and Chairman Michael Neidorff, died last week after what was described as a "lengthy illness.". We are both devastated. Jay Weston funeral, burial service, pictures, date, time, venue. CEO - Centene Corporation - United States . In acknowledgment of their support of the University, Washington University presented the couple with the Robert S. Brookings Award. After departing from Physicians Health Plan, Mr. Neidorff served shortly as regional vice president of managed care organization Coventry Health Care. This property was formerly owned by Carol Lee Leezy Sculley, who is the ex-wife of former Apple Chairman, John Sculley. We want to help out where we are able to, Mr. Neidorff told The New York Times in 2017. This site is provided as a service of SCI Shared Resources, LLC. He was 79. With over 10 years experience he's covered businesses, CEOs, and investments. Michael became CEO of Centene in 1996 and oversaw the company's growth from a $40 million single-health plan to a $125 billion conglomerate with 25 million clients. Having had a love for the arts, Michael served on the board of the St. Louis Symphony Orchestra, as a trustee for the Opera Theatre of St. Louis, and as Treasurer of the Kennedy Center Board of Trustees. But Andy Slavitt, former head of the Centers for Medicare & Medicaid Services during the Obama administration, said he called Neidorff at that time and the CEO agreed to enter Maricopa County, Arizona, the largest market in the state that includes Phoenix. He went on medical leave as Executive Chairman in February and planned to retire at the end of this year. Michael Neidorff, CEO of health insurance company Centene, made almost $59 million in 2020, according to calculations from the company's preliminary financial documents. Mr. Neidorff stepped into his current position as Centene's CEO and president in 1996 during the company's expansion into Indiana. Centene chief executive Michael Neidorff will retire next year and a new board will be created to oversee the health insurer as part of a deal with Politan Capital Management, which had been pushing for changes. Under Neidorff, Centene grew into a national healthcare giant with revenues that eclipsed $126 billion in 2021 as more Americans signed up for Medicaid, the health insurance for low income patients it manages via contracts with states and individual coverage under the Affordable Care Act known as Obamacare hit record levels during the pandemic. Michael Neidorff joined Centene as CEO in 1996 and led the company in its remarkable trajectory from a $40 million single health plan to a multinational $125 billion health care enterprise serving 25 million members. On July 1, 2020, Centene announced our establishment of a new East Coast headquarters in Charlotte, North Carolina. Neidorff was born in 1943 and grew up inAltoona, Pennsylvania. [19], He died of complications of an infection in St. Louis on April 7, 2022, at the age of 79.[20][21]. After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends. Michael F. Neidorff, who built the Centene Corporation from a small Milwaukee health plan into the nation's largest insurer for the government's Medicaid program and a stalwart of the Obamacare. Wetell everyone that St. Louis has everything that New York or any big city has, but its more affordable and accessible, Nomi Neidorff says. He also served as president and chief executive officer of St. Louis-based Group Health Plan, a Coventry subsidiary. Louis. At Washington University, Michael served as a member of the Brown School National Council for more than 10 years. Hes so upset by her passing . Among her other leadership positions, she is chair of the board of Opera Theatre of Saint Louis and serves on the board of the Radio Arts Foundation-Saint Louis, where she has played a significant role in establishing a new classical radio station that promotes the arts and artists throughout the region. Michael Neidorff, the longtime chief executive officer of Centene has died, the company confirmed Thursday. Michael F. Neidorff died on Thursday, April 7, 2022, surrounded by his family and friends, after a long illness at home. He also chairs the boards of the National Urban League and Trinity University in San Antonio, his alma mater. He went on medical leave as Executive Chairman in February and planned to retire at the end of this year. His retirement will be effective sometime in 2022 and Mr. Neidorff will hold his executive chair position on Centene's board through 2022. 453 on the publication's list of largest companies to No. He built a remarkable American business success story and his commitment to providing affordable, high quality health care to the most vulnerable people transformed lives across the globe.. Mr. Neidorff made several key acquisitions to add to Centenes depth. Michael became CEO of Centene in 1996 and . San Antonio will once again celebrate its vibrant contemporary art scene all through March with Contemporary Art Month (CAM). This technology hub is expected to create 6,000 new jobs, and Centene will invest $1 billion in the Charlotte community over time. Neidorff joined Centene in 1996. Michael served as chairman of the board of trustees for his alma mater, Trinity University, in San Antonio, Texas, and in 2021, Trinity University named its business school, the Michael Neidorff School of Business in his honor. Researching, preparing, submitting, and managing event proposals for fundraising and donor . After a series of mergers and acquisitions, Coventry would eventually end up as part of Aetna. We'll help you find the right words to comfort your family member or loved one during this difficult time. Average of 11 Customer Reviews. His continual support for hundreds of not-for-profit organizations was widely celebrated. [3], He earned a bachelor's degree in political science from Trinity University in 1965[4] and a master's degree in industrial relations at St. Francis University. Do Not Sell or Share My Personal Information. Sierra sells thousands of items from brands around the, Read More 20 Things You Didnt Know about Sierra Trading PostContinue, James Cracchiolo is both the CEO and the Chairman of Ameriprise Financial. Neidorff had taken a medical leave of absence two months prior, and Sarah London, an internal Centene employee, was elected CEO last month, succeeding Neidorff, who had been the companys CEO since 1996. He also established the payer's headquarters in St. Louis, where it remains today. At a later date to be announced, there will be a memorial service for family and friends to celebrate his extraordinary life and legacy. Michael F. Neidorff was an American business executive and was from 1996 until March 2022 CEO of Centene Corp. Michael Neidorff was the director of international consumer products at Miles Laboratories, and worked as president and chief executive officer of Physicians Health Plan of Greater St. Louis in the 1980s. Michael made diversity and inclusion a central focus of his leadership, building an international corporation where women, people of color, LGBTQ, veterans, and people with disabilities all have opportunities to lead and excel, the company statement said. Private graveside service was held at Beth Hamedrosh Hagodol Cemetery Thur., March 25, 2021. He kept pushing for it, Mr. Ditmore said. Neidorff had taken a medical leave of absence two months ago and. He Owns a Luxurious North Palm Beach Property, 5. When you look at the faculty and the work they are doing, you realize that Washington University has tremendous impact in St. Louis and around the globe, Nomi says. Centene has grown to nearly 76,000 employees serving all 50 states and 3 international countries. While it is difficult to put into words the immeasurable impact he has had on this company and the members whose health has been transformed, and the communities that have been served, on behalf of all the Board at Centene we are immensely grateful and proud of the work Michael has inspired and delivered as our CEO.". Michael Frederic Neidorff (November 19, 1942 - April 7, 2022) was an American business executive and was CEO of Centene Corp from 1996 to 2022. Under Mr. Neidorffs leadership, Centene chose to concentrate on government-sponsored insurance through Medicaid for low-income individuals and Medicare for older people and the disabled. He was dedicated to supporting arts and civic organizations. Nomi and Michaels generosity and leadership have strengthened Washington University and its connection to the St. Louis community, Chancellor Mark S. Wrighton says. A senior writer who is dedicated to writing content that is useful and timely to readers. After escaping from Budapest during the Hungarian Revolution of 1956, Nomis family settled in New Jersey. Let others know about your loved one's death. Our strategy has been consistent for the past20 years, Michael says. They now both serve on the board of trustees for the St. Louis Symphony with Noemi as vice chair and Michael as a life trustee. Monica loved children; loved laughter and life. Her memory lives within us forever. For faster navigation, this Iframe is preloading the Wikiwand page for Michael Neidorff . 66 over the course of five years. Michael F. Neidorff, who built the Centene Corporation from a small Milwaukee health plan into the nations largest insurer for the governments Medicaid program and a stalwart of the Obamacare markets, died on April 7 in St. Louis. On this Wikipedia the language links are at the top of the page across from the article title. James Dallas has been named Acting Chairman of the Board.. Michael Neidorff, the founder of Centene Corp. and a pillar of the St. Louis business community, died on Thursday at the age of 79. American CEO Michael F. Neidorff Sadly Passed Away 10 months ago We are sorry to announce that American business executive Michael F. Neidorff passed away on Thursday, April 7, 2022, at the age of 79. In December, the company agreed to change the composition of its board, and Mr. Neidorff announced that he would retire as chief executive in 2022. Anyone can read what you share. All Rights Reserved. The university will name its business school after him, to be . As a result of this acquisition, Centene became the largest Medicaid managed-care provider in the United States. ST. LOUIS, Feb. 24, 2022 /PRNewswire/ -- Centene Corporation (NYSE: CNC) ("Centene") announced today that its Board of Directors approved a request from Michael Neidorff, Chairman & Chief Executive Officer, for a medical leave of absence. Michael F. Neidorff, who as chief executive officer of Centene Corp. transformed a tiny medical insurance firm serving three counties in 1996 into a nationwide giant in government-backed health. Michaels rsum as a civic leader is as extensive as Nomis. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world.