- Push-out Score determined
- After almost 26 years in the position
- Accolades, praise and thanks for Neidorff
- Search for a successor
- Neidorff spoke at length and said 134 words
(exechange) — St. Louis, Missouri, December 14, 2021 — Michael Neidorff, chief executive of Centene, leaves. As announced by Centene Corp. in a news release and in a regulatory filing published on Tuesday, December 14, 2021, Michael F. Neidorff leaves his post as chief executive officer at the healthcare enterprise, after almost 26 years in the role, effective in 2022.
It is the end of an era.
Centene will undertake a search for a successor.
“Discussions with the Board”
Centene did not give an explicit reason for Michael Neidorff’s departure from the CEO post. Neidorff said: “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.”
Precise information regarding Michael Neidorff’s future plans was not immediately available.
Centene said: “Centene Corporation (NYSE: CNC) (“Centene”) today announced Chairman and CEO Michael Neidorff’s intent to retire in 2022 as CEO.”
Share price increase since December 2016
The announcement follows an increase in Centene Corp.’s share price of 170% since December 2016.
In the position of CEO since 1996
Michael Neidorff became CEO of the Company in 1996.
Upon his retirement as CEO, he will serve as Executive Chairman until the end of 2022.
Neidorff has served as the Company’s Chairman, President and Chief Executive Officer since April 2019.
From November 2017 to April 2019, he served as the Company’s Chairman and Chief Executive Officer.
From May 2004 to November 2017, Neidorff served as Chairman, President and Chief Executive Officer.
From May 1996 to May 2004, Neidorff served as President, Chief Executive Officer and as a member of the Company’s Board of Directors.
Neidorff previously served as a director of Caleres, Inc.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Michael Neidorff’s move on a scale of 0 to 10.
exechange reached out to Centene and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 51.2021 ($).