UnitedHealth Group announced the immediate resignation of CEO Andrew Witty for personal reasons, with chairman Stephen Hemsley returning as CEO. Hemsley will receive a $1 million base salary plus a $60 million equity award. Unlike Wittyâs total compensation, which was $26 million in 2024, Hemsley previously earned nearly $18 million in his last full year as CEO in 2016. This leadership transition comes amid a 17% stock drop and a 45% decline over the past month, raising concerns about the companyâs direction in a challenging healthcare environment.
Stephen Hemsley stated in a press release that Andrew Witty has led the company through 'some of the most challenging times any company has ever faced.' Leading a company of such scale involves navigating complex challenges, particularly in health services.
Hemsley emphasized his commitment to steering UnitedHealth through ongoing transitions, balancing operational efficiency with the evolving demands of the healthcare landscape.
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