UnitedHealth, Brian Thompson and Stephen Hemsley
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Nearly six months after late UnitedHealthcare CEO, Brian Thompson, was fatally shot, UnitedHealth Group’s CEO, Andrew Witty, stepped down for ‘personal reasons.’
UnitedHealth Group announced that CEO Andrew Witty is stepping down due to 'personal reasons,' and former CEO Stephen Hemsley will replace him.
The executive earlier caused public outrage when he defended the insurance giant’s practice of denying health care claims.
The health care conglomerate is facing mounting financial problems – and ongoing consumer anger over high costs and denied claims.
UnitedHealth CEO Andrew Witty is stepping down for personal reasons and the nation's largest health insurer suspended its full-year financial outlook due to higher-than-expected medical costs. Video above: Luigi Mangione indicted in UnitedHealth CEO Brian Thompson death UnitedHealth cut its 2025 forecast last month following its first quarterly earnings miss in more than a decade.
Andrew Witty's exit comes only a few weeks after UnitedHealth cut its annual forecast and reported its first earnings miss since the 2008 financial crisis, marking a major setback under Witty's leadership.
UnitedHealth CEO Andrew Witty resigned amid rising medical costs and financial setbacks, including a major cyberattack and executive tragedy. Former CEO Stephen Hemsley returns to lead the company. Witty earned over $26 million in 2024,
Andrew Witty has resigned as chief executive of US health conglomerate UnitedHealth Group, as the company pulled its financial forecasts for 2025, adding to a sense of crisis after a turbulent period.