CEO Witty steps down; Hemsley returns; 2025 outlook suspended on higher medical costs

UNITEDHEALTH GROUP INC

Andrew Witty resigns as CEO effective May 12, 2025, for personal reasons; stays as senior advisor.
Steve Hemsley, CEO from 2006-2017, appointed CEO and remains Board Chair; compensation includes $1M salary and one-time $60M stock option award.
2025 guidance withdrawn as medical cost trends accelerate and Medicare Advantage costs exceed expectations.
Company expects to return to 13-16% long-term growth objective in 2026.
Hemsley's severance includes 2x salary and bonus plus 24-month option vesting, conditioned on non-compete.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Steve Hemsley

Chief Executive Officer

UNH · UNITEDHEALTH GROUP INC

Effective: 2025-05-12
Filed: May 14, 2025, 7:59 PM ET

On May 12, 2025, the Board of Directors of the Company (the “Board”) appointed Steve Hemsley as the Chief Executive Officer of the Company, beginning on the Effective Date.

Departed

Andrew Witty

Chief Executive Officer

UNH · UNITEDHEALTH GROUP INC

Effective: 2025-05-12
Successor: Steve Hemsley
Filed: May 14, 2025, 7:59 PM ET

On May 12, 2025, Andrew Witty, Chief Executive Officer of UnitedHealth Group Incorporated (the “Company”), notified the Company of his decision to step down from his position, effective May 12, 2025

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Steve Hemsley was appointed as Chief Executive Officer at UNITEDHEALTH GROUP INC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

On May 12, 2025, the Board of Directors of the Company (the “Board”) appointed Steve Hemsley as the Chief Executive Officer of the Company, beginning on the Effective Date.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew Witty departed as Chief Executive Officer at UNITEDHEALTH GROUP INC.

Action: stepped down
Role: Chief Executive Officer

Exact text from the filing

On May 12, 2025, Andrew Witty, Chief Executive Officer of UnitedHealth Group Incorporated (the “Company”), notified the Company of his decision to step down from his position, effective May 12, 2025

View on SEC.gov

UNITEDHEALTH GROUP INC filing history →

Source: SEC EDGAR

accession 0000731766-25-000134

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