In the United States, Michael Neidorff is the CEO of Centene Corp. He was designated CEO in 1996.
Neidorff grew up in Altoona, Pennsylvania, and attended Altoona High School until 1961. He earned a bachelor’s degree in political science from Trinity University in 1965 and a master’s degree in industrial relations from St. Francis College.
Michael Neidorff Career
In the 1980s, Neidorff worked at Miles Laboratories as the director of worldwide consumer products and as president and CEO of Physicians Health Plan of Greater St. Louis.
He became CEO of Group Health Plan and vice president of its parent firm, Coventry Corp., in 1995. The following year, Neidorff became the CEO of Centene, which was then known as Coordinated Care Corp.
Neidorff was mentioned as one of the CEOs in a lawsuit filed in 2018 alleging that Centene neglected to disclose Health Net’s possible tax liabilities prior to their acquisition.
Neidorff joined the White House economic recovery task committee on reopening the US following the COVID-19 pandemic in April 2020.
In 2020, Neidorff received $4.7 million in bonuses, bringing his total annual earnings to $24.96 million while laying off 3000 employees.
In 2017, Neidorff was named to Fortune’s Businessperson of the Year list.
Michael Neidorff’s Age
Michael Neidorff, 79, has been the CEO of Centene since 1996 and will now serve as executive chairman of the health insurer, which is known for providing government-subsidized health insurance in the United States.
Centene has announced that it is seeking a new CEO. His age is not stated on his Wiki page. He was, however, born and raised in Altoona, Pennsylvania, and is a citizen of the United States.
Michael Neidorff’s Net Worth
Michael F Neidorff’s net worth is expected to be at least $582 million by April 29, 2021. Mr. Neidorff owns 14,166 Centene stock units for a total of $476,698,717, and he has sold CNC shares for a total of $79,113,600 during the last 18 years.
He also makes $26,438,400 as Chairman of the Board, President, and Chief Executive Officer of Centene.
He has, nevertheless, worked professionally for the firms for a long time. He must have made a significant amount of money up to this point, and he is an expert in his profession.
Michael has made over 60 trades in Centene shares since 2003, according to a Form 4 filed with the Securities and Exchange Commission. He exercised 14,166 units of CNC stock worth $611,263 for the first time on April 29, 2021.
Michael Neidorff’s Wife and Children
Noémi Neidorff, Michael Neidorff’s wife, was his life partner. The couple’s two children are Monica and Peter. Furthermore, there is no information about his family or children.
Monica, their daughter, died on March 24. On Thursday, her private graveside funeral was held in Beth Hamedrosh Hagodol Cemetery. The year is 2021, and the date is March 25th. Monica’s younger brother, Peter, is her sibling.
Monica’s death was covered by a variety of websites and social media pages. She was described as upbeat, bright, and quick, as well as having a knack for writing. She died at the age of 45, having been born on December 24, 1975.