UnitedHealth Group’s CEO Andrew Witty has announced his resignation, to be succeeded by Stephen J. Hemsley, as proclaimed in a statement on Tuesday.
Witty cited “personal reasons” for his departure and will take on the role of Senior Advisor to Hemsley.
Hemsley, who previously served as CEO from 2006 to 2017, will continue as the chairman of the board of directors for the insurance firm.
“We appreciate Andrew’s leadership at UnitedHealth Group, particularly during some of the toughest times we’ve faced,” Hemsley remarked in his statement. “The board and I wish him the best in his future endeavors, alongside his family.”
“UnitedHealth Group has significant prospects for growth as we aim for advancements in healthcare, and we will revert to our long-term growth targets of 13-16%,” he continued.
Last year, the company faced scrutiny after an incident in Manhattan while heading to an investor conference. Luigi Mangione has been identified as the individual accused of the murder of Thompson, having been arrested at a McDonald’s in Altoona, Pennsylvania, following a five-day manhunt.
A federal jury in New York indicted Mangione last month on multiple charges, including firearm offenses, stalking, and murder connected to firearm use. Should he be found guilty, he may face the death penalty, as advocated by Attorney General Pam Bondy. Mangione has pleaded not guilty to these charges.
He is also contending with state-level accusations in New York and Pennsylvania linked to shootings that occurred in December. He has maintained his not guilty plea in both cases.
