10 Things You Didn’t Know About Express Scripts CEO Tim Wentworth
You’ve likely heard Express Scripts before as it happens to be the 25th largest company in the US. The business of Express Scripts deals with pharmacy benefit management, a field that’s so widespread; it actually affects everyone and anyone that’s ever used a prescription before. Express Scripts’ CEO and President Tim Wentworth is the man that’s handling the US’ largest pharmacy benefit management company. It surely sounds like a job and more, but Wentworth has shown that he has the capacity to lead this giant of a company. If you’ve never heard of Wentworth before, it’s time that you read 10 things about him that will get you started.
1. He started off at a community college.
Wentworth is proof that starting college at the community level is no deterrent to future success. He graduated from Monroe Community College in New York with an Associate Degree in Business. That degree was enough to propel him forward, and while attending, he even received a scholarship from Eastman Kodak Company.
2. He is also Ivy-league educated.
Wentworth did well enough in community college to continue his education at Cornell University. This is where he received his Bachelors Degree in Industrial and Labor Relations. This degree will prepare him for management positions in his career, leading to the ultimate management position as CEO for a Fortune 100 company.
3. He worked for PepsiCo.
This is just one of the big companies that Wentworth worked for early in his career. He worked as a human resources manager at PepsiCo, a position that also taught him what he needed to know for his future career. Being able to work at a large company such as PepsiCo also gave him an edge when it came to experience early in his career.
4. He worked for Mary Kay.
Yes, it’s the multi-level marketing company that sells cosmetics and other beauty products. Mary Kay happens to be the 6th largest MLM company in the world, and knowing that fact makes Wentworth’s decision to work there make absolute sense. He worked at Mary Kay for five years as senior vice president of human resources.
5. He started PBM at Medco.
He started his career doing pharmacy benefit management as president of Medco Health Solutions Inc., a smaller company. During that time, he also served as CEO and President of Medco’s specialty pharmacy, Accredo. Express Scripts acquired Medco in 2012, and part of the deal included Wentworth’s new position as vice president of sales and account management.
6. He established a scholarship.
In honor of his alma mater, Wentworth established a scholarship fund at the community college he attended for business and music majors. His family also established another scholarship fund at the University of Rochester for students transferring from community colleges. Wentworth continues to donate money to both schools to assist students and various educational departments.
7. He makes a very good living.
It’s to be expected working for such a large and profitable industry and company. There’s a lot of money in pharmacy, and that’s reflected in Wentworth’s compensation. To date, his total calculated compensation adds up to roughly $15,895,000.
8. He’s a board member.
Apart from being board member for Express Scripts, Wentworth is also Chairman of the Pharmaceutical Care Management Association. It shows his commitment to what he does, and his involvement in the industry is reflected in the success of the company he now runs. Wentworth is the nation’s representative when it comes to global PBM.
9. He rallies against the big pharma.
The debate on the power of pharmaceutical companies is not lost on Wentworth. In fact, he argues that there’s no reason why pharma companies keep raising their prices. This is why he believes so strongly about his PBM company and how they help clients get the best prices for necessary drugs.
10. He does what he can for homeless teens.
Wentworth and his wife both serve as co-chairs of an organization in Missouri that provide shelter for homeless teens. The organization is called the Covenant House. Wentworth and his wife have slept outside with just cardboard for shelter to raise awareness and funds to help empower the homeless youth towards independence. His family’s involvement in the movement has helped people see more clearly the problem of homelessness in the area.
