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UnitedHealth Group announced a dramatic shakeup, with former CEO and current chairman Stephen Hemsley stepping back into the top job following the abrupt resignation of Andrew Witty. Witty, who led UnitedHealth since 2021,
Andrew Witty, UnitedHealth Group CEO, abruptly resigned today, six months after UnitedHealthcare CEO Brian Thompson was shot and killed in Manhattan by Luigi Mangione, which sparked a national uproar over health care in America.
The executive earlier caused public outrage when he defended the insurance giant’s practice of denying health care claims.
UnitedHealth shares fell 22% on April 17, wiping out about $119 billion of market value, after the insurer cut its 2025 forecast.
UnitedHealth Group Chairman Stephen Hemsley is returning to helm the health care conglomerate once again. He will replace Andrew Witty effective immediately.
UnitedHealth Group announced that CEO Andrew Witty is stepping down due to 'personal reasons,' and former CEO Stephen Hemsley will replace him.
2don MSN
Andrew Witty is stepping down as CEO of health care giant UnitedHealth Group in a surprise transition that follows a period of unprecedented turbulence, including the public killing of a company executive and financial woes that in recent weeks have only intensified.
Stephen Hemsley hasn’t been CEO at UnitedHealth Group in nearly a decade yet he’s never really left. Hemsley, 72, has remained chairman and a major shareholder in the health care behemoth — and now is back in the CEO
2don MSN
UnitedHealth Group CEO Andrew Witty is stepping down from his post for personal reasons and the health care giant says it’s suspending its full-year forecast.
UnitedHealth Group suspended its annual forecast on Tuesday and said CEO Andrew Witty has decided to step down for personal reasons, effective immediately. Shares of the company fell 3.6% to $365.10 in premarket trading.