
Michael F. Neidorff
American business executive (1942–2022)
Michael Frederic Neidorff (November 19, 1942 – April 7, 2022) was an American business executive and was CEO of Centene Corporation from 1996 to 2022.2
From Wikipedia’s article on Michael F. Neidorff (this version), CC BY-SA 4.0.
Born 1942, died Apr 7, 2022.1
Companies
- Centene CorporationBoard member May 1996 to Apr 202214
- Centene CorporationChief executive officer May 1996 to Mar 202215
- Centene CorporationChair Jan 19, 2006 to Feb 14, 202216
- Centene CorporationPresident Jan 19, 2006 to Apr 29, 202116
- CaleresBoard member Mar 7, 2006 to Jun 1, 201517
Holdings
Stock this person has reported owning, from the forms officers and directors file with the SEC. See the biggest insider stakes.
Shares held
Centene Corporation CNC6,657,430 shares18$469.4M at $70.51Feb 14, 2022
Caleres CAL90,555 shares19$1.2M at $12.77May 28, 2015
As of each latest filing. The line shows shares held over time.
Recent filings
- Dec 28, 2021Gift 95,188 shares of Centene Corporation18
- Dec 28, 2021Gift 18,539 shares of Centene Corporation18
- Dec 17, 2021Gift 9,330 shares of Centene Corporation18
- Dec 15, 2021Granted 155,773 shares at $81.85 of Centene Corporation20
- Dec 15, 2021Shares withheld for tax 117,183 shares at $81.85 of Centene Corporation20
- Dec 15, 2021Granted 74,947 shares at $66.42 of Centene Corporation20
- Dec 14, 2021Sold 23,000 shares at $80.11 of Centene Corporation21
- Dec 14, 2021Sold 27,000 shares at $79.37 of Centene Corporation21
- Dec 12, 2021Shares withheld for tax 14,472 shares at $78.45 of Centene Corporation21
- Dec 11, 2021Shares withheld for tax 17,014 shares at $78.45 of Centene Corporation21
- Nov 23, 2021Gift 19,485 shares of Centene Corporation21
- Nov 1, 2021Gift 20,000 shares of Centene Corporation21
- Oct 28, 2021Sold 20,000 shares at $70.09 of Centene Corporation22
- Aug 31, 2021Gift 79,598 shares of Centene Corporation22
- May 12, 2021Gift 50 shares of Centene Corporation22
- Apr 5, 2021Gift 15,650 shares of Centene Corporation22
- May 28, 2015Returned to company 3,748 shares at $31.41 of Caleres19
- May 28, 2015Exercised options 575 shares of Caleres19
- May 28, 2015Exercised options 3,173 shares of Caleres19
- May 2, 2015Granted 625 shares at $29.96 of Caleres23
- Jan 31, 2015Granted 645 shares at $29.06 of Caleres24
- Nov 1, 2014Granted 687 shares at $27.26 of Caleres25
- Aug 2, 2014Granted 668 shares at $28.05 of Caleres26
- May 30, 2014Granted 4,300 shares of Caleres27
- May 3, 2014Granted 778 shares at $24.08 of Caleres28
Early life and education
Neidorff was born in 1942 to a Jewish family in Altoona, Pennsylvania. He was a 1961 graduate of Altoona High School.
He earned a bachelor's degree in political science from Trinity University in 1965, and a master's degree in industrial relations at St. Francis University.
From Wikipedia’s article on Michael F. Neidorff (this version), CC BY-SA 4.0.
Career
Occupation: business executive, businessperson.6
- 1996 to 2022Chief executive, Centene Corporation4
- 1996 to 2022Board member, Centene Corporation5
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.
In 1995, he became chief executive of Group Health Plan and was vice president of its parent company, Coventry Corp. The following year, Neidorff joined Centene, then called Coordinated Care Corp., as its chief executive officer.
Neidorff was listed on Fortune's Businessperson of the year list in 2017. 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.
In April 2020, Neidorff joined the White House economic recovery task force on reopening the United States after the COVID-19 pandemic. During that year, Neidorff earned $4.7 million in bonuses that contributed to a total yearly earnings of $24.96 million. 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.
From Wikipedia’s article on Michael F. Neidorff (this version), CC BY-SA 4.0.
Personal life
Michael Neidorff was married to Noémi Neidorff and they had two children.
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. 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. The main concert hall at the Manhattan School of Music is named in their honor.
He died of complications of an infection in St. Louis on April 7, 2022, at the age of 79.
From Wikipedia’s article on Michael F. Neidorff (this version), CC BY-SA 4.0.
Philanthropy
Neidorff began serving on the board of the National Urban League in St. Louis in 2010, and in 2014, he was named the Chairman of the Board of Trustees. That same year, Neidorff was inducted into the St. Louis Business Hall of Fame. 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. Neidorff committed to building the office in order to invest in the Ferguson community shortly after the shooting of Michael Brown. Neidorff also served as a board member for the Greater St. Louis Boy Scouts of America, Manhattan School of Music, Opera Theater of St. Louis, and St. Louis Symphony Orchestra, and was the chairman of the board of trustees at Trinity University.
In 2021, after a $25 million gift from Neidorff and the Neidorff Family Trust, Trinity University named its business school after Neidorff.
From Wikipedia’s article on Michael F. Neidorff (this version), CC BY-SA 4.0.
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataMichael F. Neidorff on Wikidata
- 2WikipediaMichael F. Neidorff on Wikipedia
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- 11Wikidatanumber of children, as reported
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- 15Wikidata and SEC EDGARCentene Corporation, Chief executive officer
- 16SEC EDGARCentene Corporation, Chair
- 17SEC EDGARCaleres, Board member
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- 20SEC EDGARForm 4 filed Dec 17, 2021
- 21SEC EDGARForm 4 filed Dec 14, 2021
- 22SEC EDGARForm 4 filed Nov 1, 2021
- 23SEC EDGARForm 4 filed May 5, 2015
- 24SEC EDGARForm 4 filed Feb 2, 2015
- 25SEC EDGARForm 4 filed Nov 3, 2014
- 26SEC EDGARForm 4 filed Aug 5, 2014
- 27SEC EDGARForm 4 filed Jun 3, 2014
- 28SEC EDGARForm 4 filed May 6, 2014
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