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.

Michael F. Neidorff
Born(1942-11-19)November 19, 1942
Altoona, Pennsylvania, U.S.
DiedApril 7, 2022(2022-04-07) (aged 79)
St. Louis, Missouri, U.S.
Alma materTrinity University (B.A., 1965)
St. Francis University (M.A., 1966)
OccupationBusiness Executive
Known forCEO of Centene Corporation
SpouseNoémi Neidorff
Children2

Early life and education

Neidorff was born in 1942 in Altoona, Pennsylvania.[1][2] He was a 1961 graduate of Altoona High School.[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.[3][5][6]

Career

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. Louis.[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.[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.[10]

In April 2020, Neidorff joined the White House economic recovery task force on reopening the United States after the COVID-19 pandemic.[11]

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.

Neidorff was listed on Fortune's Businessperson of the year list in 2017.[12] He announced plans to retire in 2022 after Politan Capital Management took a stake in Centene. In March, he formally stepped down after Sarah London was named his replacement. [13] [14]

Personal life

Michael Neidorff was married to Noémi Neidorff and they had two children.[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.[15][16] Neidorff and his wife Noémi, the former board chair of the Opera Theatre of St. Louis, were patrons to the arts and supported many music and educational organizations in Missouri and elsewhere.[17][18] The main concert hall at the Manhattan School of Music is named in their honor.[19]

He died of complications of an infection in St. Louis on April 7, 2022, at the age of 79.[20][21]

References
  1. "Michael Frederic Neidorff". Berger Memorial Chapel. Retrieved April 20, 2022.
  2. "MICHAEL F. NEIDORFF (1943 – 2022)". Centene Corporation. Retrieved April 7, 2022.
  3. Unglesbee, Ben (September 25, 2015). "Michael Neidorff, Caleres". St. Louis Business Journal.{{cite web}}: CS1 maint: url-status (link)
  4. Weiderman, Greta (April 26, 2012). "Centene CEO Neidorff pledges $5 million to Trinity University". St. Louis Business Journal.{{cite web}}: CS1 maint: url-status (link)
  5. Jones, Sharon (July 18, 2016). "Trinity University Elects New Board Officers | Trinity University". Trinity University.{{cite web}}: CS1 maint: url-status (link)
  6. Frank, Walt (July 8, 2018). "Plans to construct Centene facility moving forward". Altoona Mirror.{{cite web}}: CS1 maint: url-status (link)
  7. "Health services: Michael Neidorff, Centene Corp". St. Louis Business Journal. June 16, 2002.{{cite web}}: CS1 maint: url-status (link)
  8. Kukuljan, Steph (December 6, 2019). "C-Suite Awards 2019: Michael Neidorff, Centene". St. Louis Business Journal.{{cite web}}: CS1 maint: url-status (link)
  9. Noles, Corey (August 7, 2015). "How Michael Neidorff took Centene from $40 million to $21 billion". St. Louis Business Journal.{{cite web}}: CS1 maint: url-status (link)
  10. Sweeney, Evan (December 19, 2018). "Invest suit claims Centene hid $900M tax liability in HealthNet purchase". Fierce Healthcare.{{cite web}}: CS1 maint: url-status (link)
  11. "Another St. Louis CEO joins White House economic recovery task force". St. Louis Business Journal. April 15, 2020.{{cite web}}: CS1 maint: url-status (link)
  12. "Michael Neidorff". Fortune. Retrieved July 1, 2020.
  13. Japsen, Bruce. "Centene's Neidorff To Step Down As CEO Amid Deal With Activist Investor". Forbes. Retrieved 2022-04-20.
  14. Japsen, Bruce. "Centene Promotes Tech And Healthcare Strategist Sarah London To CEO Job". Forbes. Retrieved 2022-04-20.
  15. Chávez, Aída (December 31, 2019). "Joe Biden Wants to End Prison Profiteering. One of His Top Fundraisers Is a Major Player in Prison Health Care". The Intercept. Retrieved July 1, 2020.
  16. Herman, Bob; Muchmore, Shannon (November 8, 2016). "Top health care leaders apparently aren't Trump fans". Crain's Chicago Business. Retrieved July 1, 2020.{{cite web}}: CS1 maint: url-status (link)
  17. Handelman, Alice (November 25, 2015). "Arts Speak: Q & A with Noemi Neidorff". Ladue News. Retrieved 2022-12-08.
  18. "Leadership". Opera Theatre of Saint Louis. Retrieved 2022-12-08.
  19. G, James. "Neidorff-Karpati Hall Renovation". Manhattan School of Music. Retrieved 2022-12-08.
  20. Merrilrrs, Annika (April 7, 2022). "Longtime Centene CEO Michael Neidorff Dies". St Louis Post-Dispatch. Retrieved April 7, 2022.
  21. Abelson, Reid (April 15, 2022). "Michael F. Neidorff, 79, Dies; His Company Was an Obamacare Stalwart". The New York Times. Retrieved April 20, 2022.


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