Tim Wentworth

Tim Wentworth
Born Timothy C. Wentworth[1]
1959/1960 (age 57–58)[2]
Residence St. Louis, Missouri, US[3]
Education

Monroe Community College

Cornell University
Occupation Businessman
Organization

Mary Kay, Inc

PepsiCo
Salary $14,522,178 (2016)[2]
Title CEO and President of Express Scripts Holding Company
Term May 2016-
Predecessor George Paz
Spouse(s) Robin Wentworth
Children 3

Timothy C. Wentworth (born 1959/60) is an American businessman.[1] He is the CEO and president of pharmacy benefits management company Express Scripts Holding Company,[4] the United States' largest pharmacy benefit manager.[5][6][7]

Education

Wentworth graduated from Monroe Community College[3] with an associate degree in business.[8] During his time at Monroe, he received a scholarship from Eastman Kodak Co.[9] Wentworth earned a bachelor's degree in Industrial and Labor Relations from Cornell University's Industrial and Labor Relations School.[8][10]

Career

Wentworth held a human resources management position at PepsiCo.[8] before he joined Mary Kay, Inc. During his 5-year tenure, he served as senior vice president of human resources and then president, international.[8] He later became group president for employer and key accounts at Medco Health Solutions Inc.[1] Wentworth was also CEO and president of Accredo, Medco's specialty pharmacy.[8]

In April 2012, Express Scripts Holding Company acquired Medco for $29.1 billion. As part of the merger, Wentworth, then vice president of sales and account management, joined Express.[8][11][12] He served as head of sales and account management operation and senior vice president before he was named president of the company in January 2014.[13] In September 2015, Wentworth was named CEO of Express Scripts.[8] Previous CEO George Paz became the company's chairman.[14]

Philanthropy

The Wentworths established a scholarship fund at Monroe Community College (MCC) for business and music majors and gave the school a Steinway piano in 2009.[15]

In 2010, they established the Wentworth Family Endowed Scholarship at the University of Rochester, the school two of their three children attended, which supports students transferring from community or junior colleges.[3][10] In 2012, after a $1 million donation to the school, the Wentworth Atrium in the Raymond F. LeChase hall of the University of Rochester's Warner School of Education was named for the Wentworths.[3][10] The couple are members of the George Eastman Circle, the University of Rochester's giving society, as well as the University's Parents Council. They also serve as co-chairs of the Parents Initiative for the Meliora Challenge.[3] In May 2013, Wentworth was named to the University of Rochester Board of Trustees.[16]

In November 2013, the Wentworths gave MCC $2.25 million which would be processed through the Monroe Community College Foundation and award full scholarships to 40 MCC students annually. This was the largest single donation in MCC's history at the time.[9][15] They also donated $3 million to the University of Rochester's Institute of Data Science in 2015.[3]

References

  1. 1 2 3 Duff Wilson (29 November 2011). "Facing Generic Lipitor Rivals, Pfizer Battles to Protect Its Cash Cow". The New York Times. Retrieved 31 May 2017.
  2. 1 2 "Timothy C. Wentworth: Executive Profile & Biography - Bloomberg". www.bloomberg.com. Retrieved 14 November 2017.
  3. 1 2 3 4 5 6 "Robin and Tim Wentworth make $3 million commitment to endow directorship of Institute for Data Science". University of Rochester. 5 February 2015. Retrieved 31 May 2017.
  4. ↑ "Meet the Newest CEOs of the Fortune 500". Fortune. Retrieved 2018-06-07.
  5. ↑ Matthew J. Belvedere (6 February 2017). "Express Scipts CEO sees an affordable Obamacare replacement as possible". CNBC. Retrieved 31 May 2017.
  6. ↑ "Affordable Obamacare alternative possible, Express Scripts CEO says". St. Louis Business Journal. 7 February 2017. Retrieved 31 May 2017.
  7. ↑ "Express Scripts CEO Tim Wentworth defends role of PBMs in drug prices". CBS News. 7 February 2017. Retrieved 31 May 2017.
  8. 1 2 3 4 5 6 7 "Express Scripts (ESRX) Names Tim Wentworth as CEO". Street Insider. 9 September 2015. Retrieved 31 May 2017.
  9. 1 2 "MCC gets largest gift in its history". Democrat & Chronicle. 14 November 2013. Retrieved 31 May 2017.
  10. 1 2 3 "LeChase Hall at the University of Rochester to Feature Wentworth Atrium". University of Rochester. 7 November 2012. Retrieved 31 May 2017.
  11. ↑ Robert Langreth (9 September 2015). "Express Script's Wentworth to Take CEO Role as Paz Retires". Bloomberg. Retrieved 31 May 2017.
  12. ↑ "Three Medco execs headed to Express Scripts, St. Louis". St. Louis Business Journal. 2 April 2012. Retrieved 31 May 2017.
  13. ↑ Jim Doyle (28 January 2014). "Tim Wentworth named president of Express Scripts". St. Louis Post-Dispatch. Retrieved 31 May 2017.
  14. ↑ Angela Mueller (4 May 2016). "It's official: Wentworth is CEO of Express Scripts". St. Louis Business Journal. Retrieved 31 May 2017.
  15. 1 2 "MCC receives historic $2.25 million gift from alumni". Brighton-Pittsford Post. 14 November 2013. Retrieved 31 May 2017.
  16. ↑ "University of Rochester Board Elects Three Trustees". University of Rochester. 29 May 2013. Retrieved 31 May 2017.
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