The United Health Group is calling a former CEO back to lead the company, and Million is making the deal sweet by adding a $ 60 million equity award to a 1 million base salary.
United Health Group Announced On Tuesday, its chief executive, Andrew Witty, 60, will immediately retire due to “personal reasons” and Stephen Hemsley, 72, chairman of the company’s board of directors, will be replaced as CEO.
To mark the transition, Hamsley will receive a million salary of 1 million salary and one -time million 60 million equity award that contains stock options that have a vest after three years, Bloomberg In comparison, Witty received a high base salary of $ 1.5 million in 2024, but a lower compensation of $ 26 million for the year, including stock and options awards.
The move has been marked as the leader of the United Health Group as the second time of Hamasley. Earlier, he served as CEO from 2006 to 2017, which expanded the company in areas such as pharmacy benefits.
Related: United Healthcare offers volunteer purchases to meet employees ‘ready -prepared requirements’
According to the US Securities and Exchange Commission FilingHamsley, in 2016, was paid about $ 18 million in salary, bonuses and awards in his last whole year as CEO.
In his new term as CEO, Hamasley will also serve as the chairman of the United Health Group’s Board of Directors, and Vati will become his senior adviser.
United Health Group stock on Tuesday decreased by more than 17 % on Tuesday following the announcement of CEO change New York Times. During the past month, the company’s stock has lost More than 45 % Valid it.
Stephen Hamsley, CEO of United Health Group. Photographer: Jonathan Elkorin/Bloomberg through Getty Images
Hamsly Described in the press release The strange, who has served as CEO since 2021, has “faced the company’s most difficult times so far.” Especially an incident was the killing of Brian Thomson, CEO of United Healthcare, United Healthcare Care. Thomson was shot in Mid Town Manhattan in December, which raised concerns about CEO security and caused many companies to remove leadership pages from websites. His death put on Mounting costs US health care system in the spotlight.
Related: Violation of United Health Data influenced 100 million Americans. Here is what Cybertack exposed.
The United Health Group also suffered a cyber attack in February 2024 that affected personal data About 100 million AmericansAnd a Investigations of inconvenience This February through the US Department of Justice.
The company has more than 440,000 Total employees December 31, 2023, filing. It is a revenue -based US largest healthcare company, which is brought in More than $ 400 billion in 2024.
Was the market cap of the United Health Group 6 286 billion At the time of writing, less than $ 566 billion in November.
The United Health Group is calling a former CEO back to lead the company, and Million is making the deal sweet by adding a $ 60 million equity award to a 1 million base salary.
United Health Group Announced On Tuesday, its chief executive, Andrew Witty, 60, will immediately retire due to “personal reasons” and Stephen Hemsley, 72, chairman of the company’s board of directors, will be replaced as CEO.
To mark the transition, Hamsley will receive a million salary of 1 million salary and one -time million 60 million equity award that contains stock options that have a vest after three years, Bloomberg In comparison, Witty received a high base salary of $ 1.5 million in 2024, but a lower compensation of $ 26 million for the year, including stock and options awards.
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