UnitedHealth CEO Andrew Witty unexpectedly steps down as insurer suspends financial outlook [View all]
Source: NBC News
Updated on: May 13, 2025 / 9:17 AM EDT
UnitedHealth CEO Andrew Witty is resigning from his position for personal reasons, the insurance company announced on Tuesday.
UnitedHealth also said that it would suspend its 2025 financial outlook due to higher-than-expected medical costs. The move to withhold guidance followed its first quarterly earnings miss in more than a decade. The company did not immediately respond to a request for comment.
"Leading the people of UnitedHealth Group has been a tremendous honor as they work every day to improve the health system, and they will continue to inspire me," Witty said in a statement. Witty was named UnitedHealth's CEO in February 2021. Stephen Hemsley was appointed as CEO "effective immediately," the health care giant said Tuesday. Hemsley previously served as UnitedHealth CEO from 2006 to 2017. He will retain his role as chairman of the company's board.
Shares of the Minnesota-based company have plunged since the death of former CEO Brian Thompson, who was shot and killed outside a hotel in midtown Manhattan in December. Thompson served as CEO of UnitedHealthcare, the insurance arm of UnitedHealth Group, from April 2021 to his death.
Read more: https://www.cbsnews.com/news/unitedhealth-ceo-andrew-witty-resigns/
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