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Michael Frederic Neidorff (November 19, 1942 April 7, 2022) was an American business executive and was CEO of Centene Corp from 1996 to 2022. Dearest Noemi and Michael, my heart aches for you during this time. Private graveside service was held at Beth Hamedrosh Hagodol Cemetery, Thurs. He was 79. Ways to honor Monica Neidorff's life and legacy. His daughter, Monica Neidorff, died in 2021. 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. Im talking both together, not separate. Home About Degree Programs Departments News and Events Research Study Abroad Choose Trinity for business Dedicated to students for their transformation. The Centene CEO Passed Away From Illness February 17, 2023 by zahsy salsabila After a prolonged contamination, Michael F. Neidorff exceeded away on Thursday, April 7, 2022 surrounded by means of his circle of relatives and friends. We want to help out where we are able to, Mr. Neidorff told The New York Times in 2017. Michael Neidorff Work Experience and Education Work Experience Chairman & Chief Executive Officer Centene Corporation 2018-2020 Board Member St. Louis Regional Chamber & Growth Association 2016-2020 Chairman National Urban League Inc 2013-2019 Board Member The National Children's Cancer Society 2006-2018 Education bachelor's degree Michael shares a story from her childhood: At age 4, she came home from a dance lesson, went to the piano and without any training or instruction, played the entire song from the lesson by ear, he says. He was a very good sport, Nomi says. Linking and Reprinting Policy. Centene chief executive Michael Neidorff will retire next year and a new board will be created to . A neighbor in Elkhart, Indiana, where Michael was an executive with chemical and pharmaceutical company Bayer AG, mentioned the city had a terrific zoo. The cause of his death has not been revealed. After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends. A cause of death was not disclosed. She had a million dollar personality, so very friendly and outgoing!! Food has always been a go-to for people in mourning. Early on, he said, Mr. Neidorff recognized that fewer people were likely to be insured through their employer while the government programs were growing.. Michael Neidorff has a consistent business strategy, and this is clear as he has adopted the same approach at Centene for more than 20 years. Michaels rsum as a civic leader is as extensive as Nomis. You may opt-out by. While he is well-known in business circles, there are probably many things that you do not know about this successful businessman. Under Neidorff, Centene had grown into a national player in the Medicaid business as well as individual coverage under the ACA known as Obamacare. Here are ten interesting facts you probably didnt know about Michael Neidorff. 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. When it comes to their work in the community, the Neidorffs are a formidable team. He served as the payer's president and chief executive officer from 1985 through 1995, supporting its rapid growth and establishing it as one of UnitedHealth Group's most profitable health plans at the time. bergermemorialchapel.com for more information. Private graveside service was held at Beth Hamedrosh Hagodol Cemetery Thur., March 25, 2021. March 24, 2021. Remembering Michael F. Neidorff Neidorff was Centene Corporation 's visionary leader for more than 25 years. Copyright © 2023 Becker's Healthcare. With over 10 years experience he's covered businesses, CEOs, and investments. Neidorff joined Centene in 1996. Mr. Neidorff owns over 50,000 units of Centene stock worth over $552,351,296 and over the last 19 years he sold CNC stock worth over $83,099,100. He led the company for 26 years and oversaw the company's growth to a Fortune 24 enterprise with revenues of over $125 billion . Neidorff was born in 1942 in Altoona, Pennsylvania. Michael F. Neidorff was an American business entrepreneur who took charge of Centene Corp. from 1996 until March 2022. Centene CEO Michael Neidorff will retire as head of the nation's largest Medicaid carrier next year amid a leadership shake up and formal agreement with activist investor Politan Capital. After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends. LOUIS (KMOV) -- Michael Neidorff, who led Clayton-based Centene Corporation for 26 years as CEO and president, died at 79 years old. More recently, Michael and Nomi joined with the Centene Charitable Foundation to endow the Neidorff Family and Centene Corporation Deanship at the Brown School, held by Mary McKay. When Centene became a publicly traded company in 2001, it had three major health plans, 235,000 members and $327 million in revenue. Chromosome 18 Registry & Research Society. In 1965, he graduated from Trinity University with a bachelors degree in political science and a masters degree in industrial relations from St. Francis College. Memorial donations in his name may be sent to the Siteman Cancer Center, the Opera Theatre of Saint Louis, the St. Louis Symphony Orchestra, the Jewish Federation of St. Louis, or a charity of your choice. He persevered even after many large insurers lost money and stopped offering coverage. pic.twitter.com/Wj2GWg8QW1. San Antonio, Texas, United States. Former Chairman and CEO of Centene, Michael F. Neidorff has died, the company announced April 7, [+] 2022. I will be praying for you and family. In 2022, Mr. Neidorff will end his tenure leading Centene, closing another chapter in his nearly four decades in the health insurance industry. 2023 SCI SHARED RESOURCES, LLC. Can the 'Netflix' model of insurance work? Michael was very clever from a strategic standpoint, said Dr. J. Mario Molina, the former chief executive of Molina Healthcare, one of Centenes main rivals. He was 79. 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. Her love for her family knew no bounds and she was especially caring toward her younger brother, Peter. Today, the Neidorffs, who grew up on the East Coast, are among St. Louis greatest ambassadors. 7700 Forsyth Blvd. With over 1,900 locations, Dignity Memorial providers proudly serve over 375,000 families a year. | Longtime Centene Corporation CEO Michael Neidorff has died, the company confirmed to multiple media . ST. LOUIS - The St. Louis Blues released the following statement on the passing of Centene Corporation CEO Michael Neidorff: The St. Louis Blues, Enterprise Center and Stifel . Some basic help and starters when you have to write a tribute to someone you love. Coventry Health Care and its subsidiaries would merge with Principal Health Care shortly after Mr. Neidorff's departure. Foardat jo it haadnderwerp yngeane: Centene Jobs. 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.". The executive was praised for elevating Centene from No. Home; Salary; VIP Salaries; Michael Neidorff; Salary Michael Neidorff. Cookie Policy. Michael Neidorff married Nomi Neidorff, with whom he had two children. [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. Michael passed away surrounded by his wife, family, and friends on Thursday, April 7, 2022, after a long illness. The company says Neidorff passed away Thursday surrounded by his family and friends. Opinions expressed by Forbes Contributors are their own. Moreover, he has been in both of these positions ever since the corporation was spun off of American Express in September of 2005,, Read More 10 Things You Didnt Know about Ameriprise Financial CEO James CracchioloContinue, David Klein is the newly appointed CEO of Canopy Growth, one of the largest cannabis producers in the country of Canada. From 1996 until March 2022, he was the CEO of Centene Corp.. Neidorff was listed on Fortune's Businessperson of the year list in 2017. Sierra is not a single manufacturer outlet store. John Aniston cause of death: What happened to John Aniston? Please visit. Pianist Brian Woods, who is also the Music Director at the World Chess Hall of Fame, and violinist Daniel Dastoor will perform together as the Dastoor-Woods Duo tomorrow night, March 2, at WCHOF. Please know your family is in our thoughts and prayers . In acknowledgment of their support of the University, Washington University presented the couple with the Robert S. Brookings Award. There will be a special family service and a memorial ceremony for family and friends. I hated the dance lessons, Nomi adds. Expand the Memories and Condolences form. Beloved daughter, sister, niece, cousin, compassionate friend to. He crafted a unique American corporate success story, and his dedication to providing inexpensive, high-quality health care to the world's most . Neidorff was born in 1943 and grew up inAltoona, Pennsylvania. Michael died on Thursday, April 7, 2022, surrounded by his wife, family, and friends, after a long illness. Press Esc to cancel. Beloved daughter, sister, niece, cousin, compassionate friend to so many. 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.. His retirement will be effective sometime in 2022 and Mr. Neidorff will hold his executive chair position on Centene's board through 2022. Michael Neidorff was 79. Comments and respectful dialogue are encouraged, but content will be moderated. He Owns a Luxurious North Palm Beach Property, 5. This technology hub is expected to create 6,000 new jobs, and Centene will invest $1 billion in the Charlotte community over time. 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. 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. John Tozzi. [7][8], In 1995, he became chief executive of Group Health Plan and was vice president of its parent company, Coventry Corp.[3][7] The following year, Neidorff joined Centene, then called Coordinated Care Corp., as its chief executive officer. [3] We are fortunate to have them as partners in our efforts to improve the quality oflife for people in our region and beyond.. He was 79 years old at the time. 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. Hes an interesting executive who has recently made news for his unique leadership style as well as for a few controversies that have surrounded him, Read More 10 Things You Didnt Know About Newell Brands CEO Michael PolkContinue, Does anyone remember the days when you could get a hot dog and a beer for under $5.00 at a football game? Researching, preparing, submitting, and managing event proposals for fundraising and donor . The Neidorff School of Business at Trinity University offers an integrated, innovative undergraduate and graduate program for students who are well grounded in the liberal arts. 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. Mr. Neidorff made several key acquisitions to add to Centenes depth. He was dedicated to supporting arts and civic organizations. In March 2016, the company completed a $6 billion acquisition of Health Net, which made it the countrys largest Medicaid managed-care provider. He and His Wife Are Ambassadors of St. Louis, 7. Perhaps Im dating myself here but clearly, Read More The Price of Beer and Hot Dogs at Every NFL StadiumContinue, Sierra Trading Post specializes in selling high-quality products which people need when they are exploring the great outdoors. For more than 30 years, he served on the board of directors for the Greater St. Louis Boy Scouts of America and on the board of Concordance Academy. Words cannot express the sorrow that we are feeling here at the @ulstl upon the passing of our former @naturbanleague Chairman Michael F. Neidorff. Centene grew into the Medicare Advantage industry under Neidorff, the privatized health benefits that a variety of health insurers give seniors through contracts with the federal government. 2023 Ghanafuo.com & DM Network. In 1995, he was named CEO of Group Health Plan and vice president of Coventry Corp., the companys parent. 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.. Neidorff owns a luxurious home on Palm Beach. He Serves on the St. Louis Symphony Board of Trustees, 8. Michael Neidorff is a businessman who is best-known as the Chief Executive Officer of the Centene Corporation. He was 79 years old at the time. 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.". Michael Neidorff was an American business executive and was from 1996 until March 2022 CEO of Centene Corp. Neomi Neidorff was born in Budapest, Hungary, and grew up listening to classical and opera music. Aged 54, Wife, Family. ST. LOUIS - The Neidorff Family is hosting an event for hundreds of people on Sunday, October 30. We also cannot address individual medical concerns or provide medical advice in this forum. Privacy Policy. He is survived by his wife, Nomi; his brother, Robert; his sister, Susan Neidorff Reinglass; and his son, Peter. Giving to charity is a meaningful way to honor someone who has died. Longtime CEO of Centene Health Insurance, Michael Niedorff, has died at the age of 79. 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 was CEO of Centene Corp from 1996 until March 2022. Your entry has exceeded the maximum character limit. Michael was Centene Corporations visionary leader for more than 25 years, the company statement said. (Photo by Steven Ferdman/Getty Images). HIs funeral and burial arrangements will be made known there of. Michael Neidorff, the former longtime leader of Centene, died Thursday after a lengthy illness, his wife said in a statement conveyed by the company. Ferguson, Mo., took the international spotlight for weeks as protests over the police shooting of Michael Brown spiraled into rioting and a massive police response. Michael Neidorff Over the years, the Neidorffs have served as advocates and benefactors for dozens of these cultural and educational institutions, including Washington University. In 2020, Neidorff earned $4.7 million in bonuses that contributed to a total yearly earnings of $24.96 million while laying off 3000 workers. No charges will be filed. He was a bulldog with a bone in his mouth.. To plant trees in memory, please visit the. When Neidorff first joined Centene in 1996, the company had just 40,000 covered members. Hes so upset by her passing . He has led a huge expansion in the company and it now has over 12 million members across 28 states in the United States. Save my name, email, and website in this browser for the next time I comment. This site is provided as a service of SCI Shared Resources, LLC. Centene said Thursday that Michael Neidorff, the company's longtime CEO, has passed away. Centene is ranked #24 in the Fortune 500, #57 in the Fortune 500 Global list, and #7 on the 2019 Fortune Change the World list. Michael was a loving, devoted, and extrao Neidorff had taken on a new role as executive chairman until the end of 2022 and he planned to retire later this year, the company had announced in December. At Washington University, Michael served as a member of the Brown School National Council for more than 10 years. All Rights Reserved. He will become executive chairman but will not keep. That amount was roughly 1.5 times more than what Neidorff made in 2019. A non-public own family carrier might be held. In March, he formally stepped down after Sarah London was named his replacement. [1] [2] He was a 1961 graduate of Altoona High School. 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 . During their early years in St. Louis, Nomi took the lead, putting Michael to work at events like the Gypsy Caravan, an annual flea market that benefits the St. Louis Symphony. Centene, which is headquartered in St. Louis, appointed Sarah London, who had been vice chairwoman, as its chief executive in March. This property was formerly owned by Carol Lee Leezy Sculley, who is the ex-wife of former Apple Chairman, John Sculley. We really dont spend time thinking about our legacy, Michael says. I am deeply appreciative of our employees who have worked tirelessly and with an unwavering commitment to serving our members and partners. In recognition of their dedication and generosity, the university presented the Neidorffs with the RobertS. Brookings Award during Founders Day on October 28. This summary is provided by Wikipedia: Michael Frederic Neidorff was an American business executive and was CEO of Centene Corp from 1996 to 2022. His philanthropy and personal generosity transformed the non-profit landscape throughout the state of Missouri and across the nation. 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. The estimated Net Worth of Michael F Neidorff is at least $662 Million dollars as of 1 November 2021. 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. He's shown here at the 2019 Forbes Healthcare Summit at the Jazz at Lincoln Center on December 05, 2019 in New York City. Michael Neidorff has been named as the highest paid executive in St. Louis for the third year running. Longtime Centene Corporation CEO Michael Neidorff has died, the company confirmed Thursday. He continues to be the chairman. Mr. Neidorff took the company public in 2001. Michael Neidorff, 79, has been CEO of St. Louis-based Centene since 1996. (Photo by Steven Ferdman/Getty Images). As a subscriber, you have 10 gift articles to give each month. After a series of mergers and acquisitions, Coventry would eventually end up as part of Aetna. Michael Neidorff made it on to this list in 2017 in 17th position. No questions asked.. The company says Neidorff passed away Thursday surrounded by. Mary Lee is director of development communications. "It has been one of the greatest privileges of my life to serve as CEO of Centene," Neidorff said in a statement. Michael became CEO of Centene in 1996 and . He also chairs the boards of the National Urban League and Trinity University in San Antonio, his alma mater. 5. This year the company completed the purchase of Magellan Health, which specialized in providing mental health benefits. [+] oversee the health insurer as part of a deal with Politan Capital Management, the company . He served as chairman of the board of trustees for the National Urban League and was inducted into the Hall of Fame for Junior Achievement of Greater St. Louis. As of 2022, Michael F. Neidorffs net worth is predicted to be at least $660 million USD. The 79 old left his family with over $500 million in his accounts. Let others know about your loved one's death. Michael and Nomi Neidorff are two of St. Louis most dedicated citizens. 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.