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UnitedHealth Appoints New CEO Amid Investigation and Turmoil

5/13/2025

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Summary

Story summary

UnitedHealth Group appointed Stephen J. Hemsley as CEO following Andrew Witty's resignation for personal reasons.
Witty will transition to a senior adviser role.
The company is under investigation by the Justice Department, with shares falling 15% to approximately $321.
UnitedHealth suspended its 2025 outlook due to unexpectedly high medical costs.
CEO Brian Thompson was fatally shot in December; suspect Luigi Mangione faces multiple charges.

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Story summary

UnitedHealth Group appointed Stephen J. Hemsley as CEO following Andrew Witty's resignation for personal reasons.
Witty will transition to a senior adviser role.
The company is under investigation by the Justice Department, with shares falling 15% to approximately $321.
UnitedHealth suspended its 2025 outlook due to unexpectedly high medical costs.
CEO Brian Thompson was fatally shot in December; suspect Luigi Mangione faces multiple charges.