UnitedHealth CEO Stephen Hemsley Steps Down
The insurer's current president David Wichmann will take over the position while Hemsley, who has been with the health plan since 1997, will move into a newly created role as executive chairman of the board of directors.
The Wall Street Journal:
UnitedHealth Names David Wichmann As New CEO
UnitedHealth Group Inc. said David S. Wichmann, its current president, will next month succeed Stephen J. Hemsley as chief executive, a widely expected transition at the top of the nation’s largest health insurer. Mr. Wichmann, 54 years old, will take over the CEO job on Sept. 1, and Mr. Hemsley, 65, who has held the title since 2006, will become executive chairman. UnitedHealth Group’s current board chairman, Richard Burke, will then take the title of lead independent director. (Wilde Mathews, 8/16)
The Associated Press:
UnitedHealth CEO To Step Down After Run Of More Than Decade
UnitedHealth Group has picked company President David Wichmann to replace CEO Stephen Hemsley in a long-planned transition that Wall Street greeted with polite applause.The nation’s largest health insurer says Wichmann, 54, will take over Sept. 1, and Hemsley will become executive chairman of the company’s board. Current Chairman Richard Burke will shift to lead independent director. (Murphy, 8/17)
Modern Healthcare:
UnitedHealth CEO Hemsley Stepping Down
UnitedHealth CEO Stephen Hemsley is stepping down from the helm of the nation's largest health insurer. David Wichmann, the Minnetonka, Minn.-based insurer's president, will take over as CEO and become a director of the company on Sept. 1. Hemsley, who has been with the health plan since 1997, will remain with the insurer in a newly created role as executive chairman of the board of directors. (Livingston, 8/16)
