Andrew Witty, UnitedHealth Group and CEO
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UnitedHealth Group revealed on Tuesday that its CEO Andrew Witty is stepping down due to personal reasons. Witty would remain a senior advisor as he is replaced by former CEO and longtime company leader Stephen Hemsley, who has been board chair since 2017.
UnitedHealth's stock has plunged nearly 40% year-to-date as the company has battled a series of crises. Can the healthcare giant turn it around? Seeking Alpha analysts weigh in.
May 13 (UPI) -- UnitedHealth Group announced Tuesday CEO Andrew Witty will step down, citing "personal reasons." Witty will leave the role of CEO and be replaced by Stephen J. Hemsley, effective immediately.