Leadership Shake-Up at UnitedHealth: CEO Andrew Witty Steps Down Amid Rising Costs
UnitedHealth CEO Andrew Witty steps down citing personal reasons amid financial uncertainty due to soaring medical costs. Stephen Hemsley, former CEO, returns to lead the company. UnitedHealth shares dipped following a corporate crisis and a high-profile murder case involving executive Brian Thompson.
Devdiscourse News Desk | Washington DC | Updated: 13-05-2025 17:48 IST | Created: 13-05-2025 17:48 IST
- Country:
- United States
UnitedHealth's CEO Andrew Witty has announced his departure due to personal reasons, prompting the company to suspend its full-year financial forecast as it grapples with higher-than-expected medical costs.
The company's chairman, Stephen Hemsley, will resume his previous role as CEO, effective immediately, according to a statement from UnitedHealth.
Shares in UnitedHealth fell sharply following the murder of company executive Brian Thompson, a case that has drawn national attention and sparked widespread scrutiny of the healthcare giant.
(With inputs from agencies.)
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