UnitedHealth CEO resigns as company scraps '25 forecast
Bangkok Post
|May 16, 2025
UnitedHealth Group CEO Andrew Witty stepped down from his post for “personal reasons,’ the company said in a statement Tuesday.
The company also scrapped its financial forecast for this year because of higher than expected medical costs, saying only that it expected the company to “return to growth in 2026.”
After the announcement Tuesday, UnitedHealth Group's stock fell by more than 17%. Combined with a steep drop in April after its quarterly earnings came up short of expectations, the company’s stock has lost nearly half of its value over the past month.
Stephen Hemsley, chair of the company’s board of directors who served as CEO from 2006 until 2017, will immediately succeed Mr Witty, the company said.
Mr Witty, who became CEO in 2021, led UnitedHealth Group “during some of the most challenging times any company has ever faced,’ Mr Hemsley said in the statement.
यह कहानी Bangkok Post के May 16, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
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