From Yahoo Finance: 2025-05-13 13:31:00

UnitedHealth Group’s CEO, Andrew Witty, is stepping down for “personal reasons,” making way for former CEO Stephen J. Hemsley to take the helm. The company aims to return to growth in 2026 despite higher medical costs and a challenging 2024 marked by the murder of a high-ranking executive.

Hemsley expressed gratitude for Witty’s leadership and announced plans to achieve the company’s long-term growth objective under his new role. Witty will continue as a senior adviser, highlighting the unity and determination of UnitedHealth Group’s team to improve the health system.

UnitedHealth Group faced a turbulent 2024, including a significant data breach affecting millions of individuals and the tragic murder of CEO Brian Thompson. The company suspended its 2025 outlook due to higher-than-expected medical costs, leading to a significant drop in stock value.

The company also faced scrutiny over its Medicare billing practices, with the U.S. Justice Department investigating potential civil fraud. Despite these challenges, UnitedHealth Group remains focused on the future, aiming to address issues within the health care system and continue its mission to provide quality care.

Read more: UnitedHealth Group CEO Andrew Witty stepping down due to ‘personal reasons’