Unitedhealth Group announced a new executive director on Tuesday, after a tumultuous year who saw the CEO of his subsidiary of Unitedhealthcare fatally triggered in Manhattan.
The company has been the source of criticism about problems in the insurance industry and has seen that its value of actions collapsed in the last year.
Stephen J. Hemsley was designated as the new effective CEO immediately after Andrew Witty decided to resign as CEO for “personal reasons”.
Hemsley served as CEO from the company from 2006 to 2017, and will continue to be president of the company’s board of directors. Meanwhile, Witty will serve as Hemsley’s main advisor, the company said in a press release.
The company said in a statement that it has suspended its annual perspective by 2025, since “the medical costs of many beneficiaries of Medicare Advantage New To Unitedhealthcare remained higher than expected.”
“The company expects to return to growth in 2026,” the statement added.
In December 2024, the CEO of United Healthcare, Brian Thompson, received a deadly shot in what the police described as a “previously previously carried out attack” in the center of Manhattan while walking to an investor conference.
Luigi Mangione, now 27 years old, was arrested after a five -day human hunt and hit with federal and state positions in New York and Pennsylvania in relation to the shooting. He declared himself innocent of the positions of murder and terrorism in New York, and not guilty of federal harassment and murder positions.
