US EditionUnitedHealth suspends annual forecast, CEO Andrew Witty steps down
- UnitedHealth CEO Andrew Witty announced his resignation on May 13, 2025, with Stephen Hemsley named as his immediate successor at the Minnesota-based insurer.
- Witty, who became CEO of UnitedHealth in February 2021 after joining the company in 2018, is resigning due to personal considerations amid increasing medical expenses and a pause on the company’s financial forecast.
- UnitedHealth suspended its full-year 2025 forecast due to higher-than-expected medical expenses for new Medicare Advantage beneficiaries, impacting more than 50 million insured customers.
- Last year, UnitedHealth’s total revenue surpassed $400 billion, marking a 55% rise compared to the $257 billion recorded before Witty took over as CEO. During his leadership, the company’s stock value climbed 60.5%, though it has dropped 38% since an executive was fatally shot in December.
- Witty will remain as senior adviser to Hemsley, signaling leadership continuity as UnitedHealth navigates cost challenges and stock volatility following recent executive turmoil.
140 Articles
140 Articles
U.S. UnitedHealth Group CEO steps down as company lowers, then withdraws financial outlook for 2025
NEW YORK, May 13 (Xinhua) -- UnitedHealth CEO Andrew Witty is stepping down for personal reasons as the largest health insurer in the United States suspended its full-year financial outlook due to higher-than-expected medical costs. Read full story
UnitedHealth Group abruptly replaces CEO Andrew Witty, deepening a terrible year
UnitedHealth Group abruptly replaced CEO Andrew Witty on Tuesday, as the sweeping problems facing the company and industry deepened.Witty resigned “for personal reasons,” UnitedHealth said. He was replaced, effective immediately, by the company’s former CEO and current chairman, Stephen J. Hemsley. A UnitedHealth spokesperson declined to comment further.Shares in UnitedHealth plunged more than 16% by late morning Tuesday.The massive health care …
UnitedHealth Group’s CEO is stepping down as insurer suspends 2025 outlook
UnitedHealth CEO Andrew Witty is stepping down for personal reasons and the nation’s largest health insurer suspended its full-year financial outlook due to higher-than-expected medical costs.Chairman Stephen Hemsley will become CEO, effective immediately, the Minnesota company said.Hemsley was UnitedHealth Group CEO from 2006 to 2017. He will remain chairman of the company’s board. Witty will serve as a senior adviser to Hemsley.“Leading the pe…
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