UnitedHealth Group CEO steps down; 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.

UnitedHealth said Tuesday that Chairman Stephen Hemsley will become CEO, effective immediately.

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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.