Michael F. Neidorff

Michael F. Neidorff is an American business executive and CEO of Centene Corp. He became CEO in 1996 and led Centene through its IPO in 2001.

Michael F. Neidorff
Born
Altoona, Pennsylvania
OccupationCEO of Centene
Spouse(s)Noémi Neidorff
Children2

Early life and education

Neidorff grew up in Altoona, Pennsylvania.[1] He earned a bachelor's degree in political science from Trinity University in 1965[2] and a master's degree in industrial relations at St. Francis University.[1][3][4]

Career

In the 1980s, Neidorff was a human resource executive and the director of international consumer products at Miles Laboratories,[5][6] and worked as president and chief executive officer of Physicians Health Plan of Greater St. Louis.[5][6]

In 1995, he became chief executive of Group Health Plan and was vice president of its parent company, Coventry Corp.[1][5] The following year, Neidorff joined Centene, then called Coordinated Care Corp., as its chief executive officer,[5] and led it through its IPO in 2001.[7]

In 2015, Neidorff led Centene through its acquisition of Health Net, a health insurance provider.[8] The following year, in 2016, he was elected to America's Health Insurance Plans board[9] and also became chairman of Trinity University's Board of Trustees.[3]

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 2019, Neidorff led Centene through its acquisition of WellCare, a managed care company.[7][11] In April 2020, Neidorff joined the White House economic recovery task force to handle reopening the United States after the COVID-19 pandemic.[12]

Neidorff has been listed on Fortune's Businessperson of the year.[13][14]

Personal life

Michael Neidorff is married to Noémi Neidorff and they have two children.[6]

In 2012, the Neidorffs and Centene donated $5 million to the development of the Center for the Sciences and Innovation at Trinity University, which was later named the Centene Corporation-Michael F. and Noémi Neidorff Center for Innovation.[2][15]

Neidorff has 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.[16][17]

References
  1. Unglesbee, Ben (25 September 2015). "Michael Neidorff, Caleres". St. Louis Business Journal.
  2. Weiderman, Greta (26 April 2012). "Centene CEO Neidorff pledges $5 million to Trinity University". St. Louis Business Journal.
  3. Jones, Sharon (18 July 2016). "Trinity University Elects New Board Officers | Trinity University". Trinity University.
  4. Frank, Walt (8 July 2018). "Plans to construct Centene facility moving forward". Altoona Mirror.
  5. "Health services: Michael Neidorff, Centene Corp". St. Louis Business Journal. 16 June 2002.
  6. Kukuljan, Steph (6 December 2019). "C-Suite Awards 2019: Michael Neidorff, Centene". St. Louis Business Journal.
  7. Noles, Corey (7 August 2015). "How Michael Neidorff took Centene from $40 million to $21 billion". St. Louis Business Journal.
  8. Bray, Chad (2 July 2015). "Centene to Acquire Its Managed Care Rival Health Net for $6.8 Billion". The New York Times. ISSN 0362-4331.
  9. Harper, Casey (11 November 2016). "New AHIP board members span the spectrum on ACA". The Hill.
  10. Sweeney, Evan (19 December 2018). "Invest suit claims Centene hid $900M tax liability in HealthNet purchase". Fierce Healthcare.
  11. "Centene to buy WellCare in $17bn US healthcare deal". Financial Times.
  12. "Another St. Louis CEO joins White House economic recovery task force". St. Louis Business Journal. 15 April 2020.
  13. "Michael Neidorff". Fortune. Retrieved 2020-07-01.
  14. "Michael Neidorff". Fortune. Retrieved 2020-07-01.
  15. Lloyd, Jennifer R. (27 April 2012). "Trinity innovation center gets $5 million infusion". San Antonio Express-News.
  16. Chávez, Aída (2019-12-31). "Joe Biden Wants to End Prison Profiteering. One of His Top Fundraisers Is a Major Player in Prison Health Care". The Intercept. Retrieved 2020-07-01.
  17. Herman, Bob; Muchmore, Shannon (2016-11-08). "Top health care leaders apparently aren't Trump fans". Crain's Chicago Business. Retrieved 2020-07-01.
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