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UnitedHealth CEO Steps Down as Company Withdraws 2025 Financial Outlook

Andrew Witty resigns abruptly, with former CEO Stephen Hemsley returning to lead during a period of financial and reputational challenges.

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Overview

  • Andrew Witty has resigned as UnitedHealth Group CEO for personal reasons and will remain as a senior adviser.
  • Stephen Hemsley, who previously served as CEO from 2006 to 2017, has been reinstated as CEO and will also continue as board chairman.
  • UnitedHealth Group has suspended its 2025 financial outlook due to unexpectedly high medical costs from new Medicare Advantage enrollees.
  • The company recently reported its first quarterly earnings miss in over a decade and anticipates a return to growth in 2026.
  • UnitedHealth's share price has fallen significantly, with a 38% decline since December 2024, driven by financial challenges and public scrutiny following the murder of its insurance unit CEO, Brian Thompson.