5. Neidorff was Centene Corporation's visionary leader for more than 25 years. They promote the benefits of living there to everyone as they believe it has everything the bigger cities have but is more affordable and accessible. Centene has since become a partner in an industry-academic collaboration called the Envolve Center for Health Behavior Change. He was a brother to Susan Neidorff Reinglass and Robert Neidorff. Michael Neidorff, the longtime chief executive officer of Centene has died, the company confirmed Thursday. St. Louis Post-Dispatch in a report Thursday. Centene now provides coverage to 25 million people and had $126 billion in revenues last year. How much is Will Smith Net worth? 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. The company he built provides health care for nearly one in 15 vulnerable Americans, Ms. London said in a statement. I am deeply appreciative of our employees who have worked tirelessly and with an unwavering commitment to serving our members and partners. He was also active in philanthropy. 2022 Updated!! Michael Neidorff was married and has two children with Nomi Neidorff. Along with an active practice treating patients with endocrine and metabolic disorders, Daniels has published two novels, The Intern and Second Chances.. Michael Neidorff Michael Frederic Neidorff (November 19, 1942 - April 7, 2022) was an American business executive and was CEO of Centene Corp from 1996 to 2022. He was a bulldog with a bone in his mouth.. Centenes stock price had underperformed in recent years, and the company found itself under pressure from an activist investor, Politan Capital Management. 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. 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 Centene Corporation's visionary leader for more than 25 years. He later earned a masters degree from Saint Francis University in Loretto, Pa. 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. This property was formerly owned by Carol Lee 'Leezy' Sculley, who is the ex-wife of former Apple Chairman, John Sculley. Before taking the position at Centene, Packman served as a professor of clinical medicine for more than 35 years at the School of Medicine. As such, he has what one might call a rather challenging task, seeing as how his corporation doesnt exactly have the best of reputations in a, Read More 10 Things You Didnt Know about Philip Morris CEO Andr CalantzopoulosContinue, Anil Stocker is a businessman and entrepreneur who serves as the chief executive officer of a company called MarketFinance. Louis. The company says Neidorff passed away Thursday surrounded by his family and friends. She was already friends with some members of the St. Louis Symphony before they moved to the city. Tamara worked in research labs for about a decade before switching to science writing. Neidorff got $4.7 million in bonuses in 2020, bringing his total annual profits to $24.96 million while laying off 3000 employees. No charges will be filed. Nomi and Michael Neidorff have committed $5 million to Washington University School of Medicine in St. Louis to honor highly regarded physicians Robert C. Packman, MD, and John S. Daniels, MD, with the establishment of two new endowed professorships in their names. He was 79. Last September, he donated $25 million to Trinity for the Michael F. Neidorff School of Business. The COVID-19 pandemic has caused enormous suffering in the St. Louis area and around the world, and it is unlikely to end until we find a way to prevent transmission and treat the disease, Chancellor Andrew D. Martin said. 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. When Neidorff first joined Centene in 1996, the company had just 40,000 covered members. For ten years, Michael Neidorff was a member of the Brown School National Council at Washington University. [16] In 2017, the Saint Louis Dispatch named Neidorff the Citizen of the Year, after he spearheaded the opening of a Centene office in Ferguson, Missouri in 2016. He grew up in Altoona, Pennsylvania. Michael was raised in Altoona, Pennsylvania. At the time of the move, both were unfamiliar with the city. Neidorff grew raised in Altoona, Pennsylvania, and was born in 1943. "After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends," Centene said in a statement and obituary released on behalf of. A private family service will be held. Michael was Centene Corporations visionary leader for more than 25 years, the company statement said. Centene chief executive Michael Neidorff will retire next year and a new board will be created to . [7][9], Neidorff was listed on Fortune's Businessperson of the year list in 2017. Mr. Neidorff indicated in December that he would retire as chief executive in 2022, and he took a medical leave of absence in February. She holds a double bachelor's degree in molecular biophysics & biochemistry and in sociology from Yale University, a master's in public health from the University of California, Berkeley, and a PhD in biomedical science from the University of California, San Diego. He was a beloved husband to Nomi Neidorff, father to Peter Neidorff and the late Monica Neidorff, and brother to Susan Neidorff Reinglass and Robert Neidorff. This copy is for your personal, non-commercial use only. His family said the cause was an infection. Michael F. Neidorff, the long-time chief executive of U.S. health insurer Centene had grown to insurer 1 in 15 Americans. This article about a United States businessperson is a stub. At a later date to be announced, there will be a memorial service for family and friends to celebrate his extraordinary life and legacy. During his tenure, he served as president of the Barnes-Jewish Hospital Medical Staff Association, chaired the Barnes Hospital Medical Records Committee, served on the School of Medicine admissions committee, and chaired the Barnes Hospital Pharmacy and Therapeutic Committee. Nomi and Michael Neidorff have committed $5 million to Washington University School of Medicine in St. Louis to honor highly regarded physicians Robert C. Packman, MD, and John S. Daniels, MD, with the establishment of two new endowed professorships in their names. Mr. Neidorff took the company public in 2001. A private family service will be held. Michael Frederic Neidorff (November 19, 1942 April 7, 2022) was an American business executive and was CEO of Centene Corp from 1996 to 2022. In 2014, the couple established the Neidorff Family and Robert C. Packman Professorship at the School of Medicine, named in honor of Packman, AB '53, MD '56, senior vice president for medical affairs at Centene and a professor of clinical medicine at the university for more than 35 years. 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. As a trustee for the Opera Theatre of St. Louis, he serves on the Institutional Development Committee and previously served as a vice chairman. The Neidorffs previously have provided financial support to the School of Medicine for research into surgical treatments for pancreatic and gastrointestinal diseases, and to the universitys Brown School for health disparities research. Already a subscriber? Sign In. He was 79 years old at the time. In 2017, Michael was named Citizen of the Year by the St. Louis Post Dispatch for spearheading a $30 million investment in Ferguson, Missouri in the weeks following the racial unrest in the summer of 2014, bringing much needed opportunity and hope to the region and anchoring small businesses in the community. Michael was an extraordinary friend, alumnus, and Trustee, giving his leadership and support to Trinity for many decades. Beloved daughter, sister, niece, cousin, compassionate friend to so many. Remembering Michael F. Neidorff Neidorff was Centene Corporation 's visionary leader for more than 25 years. Through its affiliations with Barnes-Jewish and St. Louis Childrens hospitals, the School of Medicine is linked to BJC HealthCare. He Has Strong Links with Washington University, Dont Call My Bluff: Leveraging a Job Offer for a Raise, Kubota Introduces Robotic Tractor Concept That Could be a Game Changer, The 20 Most Notable Temple University Alumni in Business, 10 Things You Didnt Know about Philip Morris CEO Andr Calantzopoulos, 10 Things You Didnt Know About Anil Stocker, The 10 Best Places to Live in The Bronx, NY, How Kendra Scott Achieved a Net Worth of $580 Million, How GloRilla Achieved a Net Worth of $800,000. [+] oversee the health insurer as part of a deal with Politan Capital Management, the company . In acknowledgment of their support of the University, Washington University presented the couple with the Robert S. Brookings Award. Michael's love and devotion for his family knew no bounds. His philanthropy and personal generosity transformed the non-profit landscape throughout the state of Missouri and across the nation. In 2018, Neidorff was mentioned in a complaint alleging that Centene neglected to disclose Health Nets possible tax exposure before the acquisition. Their 1962 Manual of Medical Therapeutics was published by Little, Brown and Co. Packman edited two subsequent editions of the manual, known today as The Washington Manual of Medical Therapeutics. The guide is revised every two to three years by Washington University faculty and chief residents, has been translated into 12 languages and continues to be one of the best-selling medical textbooks worldwide. Gift to establish endowed professorships recognizing Robert C. Packman, John S. Daniels. Already a subscriber? Longtime CEO of Centene Health Insurance, Michael Niedorff, has died at the age of 79. 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, the company announced Dec. 14, 2021. Centene said Thursday that Michael Neidorff, the company's longtime CEO, has passed away. (Photo by Steven Ferdman/Getty Images). The School of Medicine is a leader in medical research, teaching and patient care, ranking among the top 10 medical schools in the nation by U.S. News & World Report. pic.twitter.com/Wj2GWg8QW1. I am grateful to the Neidorffs for their continued commitment to our community and for stepping forward during this challenging time to support critical research at the School of Medicine., Because it spreads easily and causes significant illness and death, SARS CoV-2 has brought the world to its knees and put the spotlight on those things for which academic medical centers are uniquely suited, including clinical innovations for the sickest and most vulnerable, and biomedical research to develop novel preventive and therapeutic strategies, said David H. Perlmutter, MD, executive vice chancellor for medical affairs, the George and Carol Bauer Dean of the School of Medicine, and the Spencer T. and Ann W. Olin Distinguished Professor. This property was formerly owned by Carol Lee Leezy Sculley, who is the ex-wife of former Apple Chairman, John Sculley. Nomi Neidorff is a native of Budapest, Hungary, who, along with her parents, escaped during the 1956 Hungarian Revolution. And Centene under Neidorff expanded into the business of Medicare Advantage, the privatized health benefits myriad health insurers offer seniors via contracts with the federal government. He Also has a South Palm Beach Property, 6. Remote team and machine learning help anesthesia clinicians head off and troubleshoot rare but potentially life-threatening events. Michaels love and devotion for his family knew no bounds. [22][23] The main concert hall at the Manhattan School of Music is named in their honor. 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. In 2015, he was inducted into the Hall of Fame for Junior Achievement of Greater St. Louis. Neidorff led the St. Louis-based health care. 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. Updates on campus events, policies, construction and more. Michael's love and devotion. The funding already has galvanized the schools Personalized Medicine Initiative. 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. 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. Copyright 2023 Dow Jones & Company, Inc. All Rights Reserved. You can help Wikipedia by expanding it. The Neidorffs have long supported efforts to strengthen the St. Louis community. 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. The health of individuals drives our focus on the environment, removing social barriers to health, and prioritizing responsible corporate governance. Michael F. Neidorff, 79, Dies; His Company Was an Obamacare Stalwart, https://www.nytimes.com/2022/04/15/business/michael-f-neidorff-dead.html. He was 79. She continued postgraduate studies at Columbia University. He is One of the Top 20 Business People, 3. Is annual salary is currently estimated to have risen to $25.3 million. 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. In 2020, she won a bronze for "Minds quality control center found in long-ignored brain area" and in 2022 a silver for "Mice with hallucination-like behaviors reveal insight into psychotic illness.". She serves on the Kennedy Centers International Committee on the Arts and was a past president of the National Symphony Orchestras National Trustees. Michael was Centene Corporations visionary leader for more than 25 years. That same year, Neidorff was inducted into the St. Louis Business Hall of Fame. 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. 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. 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.. Trinity University is getting a $25 million donation from alumnus Michael Neidorff, chairman and CEO of St. Louis-based Centene Corp. (NYSE: CNC), and the Neidorff Family Trust.The donation is the . His daughter, Monica Neidorff, died in 2021. It was founded by Russell Conwell who was, Read More The 20 Most Notable Temple University Alumni in BusinessContinue, Andr Calantzopoulos is the current CEO of Philip Morris. They have also supported and become benefactors for many cultural and educational institutions in the area. When a new market for insurance was created under the Affordable Care Act the federal law, known as Obamacare, that helps provide private insurance to people who do not qualify for Medicaid but who are not covered by their employers Mr. Neidorff positioned Centene as a major provider of low-cost plans. 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. No questions asked.. https://www.barrons.com/articles/centene-ceo-michael-f-neidorff-has-died-at-age-79-51649408437. His cause of death has not been disclosed. He transformed a small company into a corporation focused on providing health insurance under government programs. In this photo, Neidorff attends 2019 Forbes Healthcare Summit at the Jazz at Lincoln Center on December 05, 2019 in New York City. An error has occurred, please try again later. She went on to become a classical pianist and earn both her bachelor's and master's degrees from the Manhattan School of Music. I have been in discussions with the Board about my retirement plans since the summer, and today I have informed the Board of my decision to retire as CEO in 2022., Neidorff became Centene in 1996, taking the company from a$40 millioncorporation in 1996 serving three counties in two states to a$125 billionmarket leader, Centene board director Robert Ditmore said. To advance and support lifesaving research in those fields, Nomi and I are honored to endow professorships in recognition of the tireless work of two pioneering physicians, Michael Neidorff said. He Also has a South Palm Beach Property He was a beloved husband to Nomi Neidorff, father to Peter Neidorff and the late Monica Neidorff, and brother to Susan Neidorff Reinglass and Robert Neidorff. we extend our sincere condolences to the Neidorff family. We treat our patients and train new leaders in medicine at Barnes-Jewish and St. Louis Children's hospitals, both ranked among the nations best hospitals and recognized for excellence in care. Michael died on Thursday, April 7, 2022, surrounded by his wife, family, and friends, after a long illness. (Photo by Steven Ferdman/Getty Images), had taken a medical leave of absence two months ago, Sarah London was named chief executive officer last month. With over 10 years experience he's covered businesses, CEOs, and investments. His philanthropy and personal generosity transformed the non-profit landscape throughout the state of Missouri and across the nation. A cause of death was not disclosed. The Neidorffs have long supported efforts t, Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on LinkedIn (Opens in new window), Mind-body connection is built into brain, study suggests, Keeping COVID-19 in check likely to require periodic boosters, Anesthesiology Control Tower helps detect emergencies before they arise, Campus Climate & Culture task force holding Community Discussion Sessions during April and May, Affordable mental health care for employees and their children, Neidorff Family and Centene Corporation Dean of the Brown School, Centene committed to funding of up to $100 million, Minds quality control center found in long-ignored brain area, Mice with hallucination-like behaviors reveal insight into psychotic illness, 2023 Washington University in St. Louis. By continuing to use our site, you agree to our Privacy Policy and Terms and Conditions. [11], In April 2020, Neidorff joined the White House economic recovery task force on reopening the United States after the COVID-19 pandemic. This site uses Akismet to reduce spam. [18][19], Michael Neidorff was married to Nomi Neidorff and they had two children. ST. LOUIS (KMOV) -- Michael Neidorff, who led Clayton-based Centene Corporation for 26 years as CEO and president, died at 79 years old. 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 persevered even after many large insurers lost money and stopped offering coverage. 2001-2004 Garrett by trade is a personal finance freelance writer and journalist. Michael Neidorff has been named as the highest paid executive in St. Louis for the third year running. Trinity University Trustee and major benefactor Michael Neidorff '65 died on Thursday, April 7. He was a beloved husband to Nomi Neidorff, father to Peter Neidorff and the late Monica Neidorff, and brother to Susan Neidorff Reinglass and Robert Neidorff. It is one of the oldest universities in the United States, with its roots going back to the year 1884. 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. Our local approach allows us to help members access high-quality, culturally sensitive healthcare services. He believes in improving the health of communities by providing high-quality care at reasonable costs. He Serves on the St. Louis Symphony Board of Trustees, 8. [3][5][6], In the 1980s, 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. Opinions expressed by Forbes Contributors are their own. Daniels was born and raised in Fort Smith, Ark., as the son of Jewish immigrants who escaped the Holocaust. Michael Neidorff and his wife, Noemi, both grew up on the East Coast. After a lengthy illness, Michael F. Neidorff passed away on Thursday, April 7, 2022 surrounded by his family and friends, Centene said in a statement and obituary released on behalf of Neidorffs family. Michael Neidorff was 79. He first joined this company in 1996 and has played an integral role in the companys current success. Last year, Centene and the School of Medicine announced a historic, sponsored research project aimed at transforming and accelerating research into treatments for Alzheimers disease, breast cancer, diabetes and obesity.
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