Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Business

UnitedHealth CEO suddenly steps down for ‘personal reasons’

by admin May 14, 2025
May 14, 2025
UnitedHealth CEO suddenly steps down for ‘personal reasons’

UnitedHealth Group announced a new chief executive Tuesday, a sudden and surprising change following the fatal shooting in December of its UnitedHealthcare subsidiary’s leader.

Andrew Witty stepped down from leading UnitedHealth for unspecified “personal reasons,” the company said. Stephen J. Hemsley, who served as chief executive from 2006 to 2017, will return to the role and remain board chairman. Witty will serve as a senior adviser to Hemsley, the company said in a news release. 

UnitedHealth has been the focus of sharp criticism over the health insurance industry’s practices and has seen its stock plummet in the past year. The Justice Department has investigated its business activities.

UnitedHealth’s shares fell more than 17% Tuesday. The stock, which is part of the 30-company Dow Jones Industrial Average, closed at $311.38 a share, well off its recent high of $630.73 in November.

The company also said that it has suspended its annual outlook for 2025, to include ‘more types of benefit offerings than seen in the first quarter’ and because ‘the medical costs of many Medicare Advantage beneficiaries new to UnitedHealthcare remained higher than expected.’

‘The company expects to return to growth in 2026,’ the statement added.

In December, United Healthcare CEO Brian Thompson was fatally shot in what police described as a “premeditated, preplanned targeted attack” in midtown Manhattan as he was walking to an investors’ conference. 

Luigi Mangione, now 27, was arrested after a five-day manhunt at a McDonald’s in Altoona, Pennsylvania.

He faces federal and state charges in New York and Pennsylvania in connection with the shooting. He has pleaded not guilty to the murder and terrorism charges in New York, and not guilty to federal stalking and murder charges. If convicted of federal charges, Mangione could be sentenced to death.



This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Microsoft to cut 3% of its workforce
next post
Stallion Uranium Announces Failure to File Cease Trade Order

Related Posts

JPMorgan Chase CEO Jamie Dimon on Trump tariffs: ‘Get...

January 23, 2025

Target, McDonald’s and others are offering value as...

May 24, 2024

More than 1,400 U.S. flights have been canceled,...

January 18, 2024

Honda recalls thousands of Honda CR-V hybrids over...

December 21, 2023

Tentative deal reached to get UPS drivers air-conditioned...

June 15, 2023

Online retailer Zulily is shutting down

December 29, 2023

Airports, racing to hire workers, compete to look...

July 31, 2023

Dollar General CEO warns consumers are cash-strapped and...

March 14, 2025

IBM pledges $150 billion to boost U.S. tech...

April 29, 2025

State Department expands passport phone center hours, and...

July 18, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Find Highest Probability Counter-Trend Setups

    • Settlement of Tranche 1 Share Placement

    • Cobalt Prices Surge as DRC Extends Export Ban to September

    • ​Copper​ Market Hit by Major Supply Squeeze as LME Inventories Drop

    • Exploring Mining’s Silver Discussion with Apollo Silver, and Mining Expert Chris Temple

    • Skyharbour’s JV Partner Orano Commences 6-7,000m Summer Drilling Program at the Preston Uranium Project

    Categories

    • Business (1,264)
    • Investing (2,603)
    • Politics (3,699)
    • Stocks (1,679)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved