The United Health Group is calling a former CEO back to lead the company, and sweetening the deal by adding $ 60 million equity award for $ 1 million base salary.
United health group Announced On Tuesday, its Chief Executive Officer, 60 -year -old Andrew Viti, will immediately step for “personal reasons” and 72 -year -old Stephen Hemsley, president of the company’s board of directors, will succeed him as CEO.
To mark the infection, Hemsley will get a base salary of $ 1 million and once a $ 60 million equity award, which includes stock options, which are made after three years, Bloomberg Report. In comparison, Viti received a high base salary of $ 1.5 million in 2024, but less compensation of $ 26 million for the year including stock and option award.
The step marks the second time of Hemsley as the leader of the United Health Group; He first served as CEOs from 2006 to 2017, which expanded the company’s pharmacy benefits.
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According to an American Securities and Exchange Commission AdmissionHemsley was paid about $ 18 million in salary, bonuses and awards in its final year as CEO in 2016.
In his new term as CEO, Hemsley will also continue to work as the chairman of the board of directors of the United Health Group, and Vitti will become his senior advisor.
On Tuesday, after the announcement of CEO change in the stock of United Health Group on Tuesday, more than 17% declined the new York TimesIn the last one month, the company’s stock has lost More than 45% Of its value.
Stephen Hemsley, CEO of United Health Group. Photographer: Jonathan through Alacorn/Bloomberg Getty Image
Hemsley Stated in a press release The funny man, who has served as CEO since 2021, has led the company, “Any company has ever faced the most challenging time.” Especially an incident was the murder of the company’s health insurance business, United Healthcare CEO Brian Thompson. Thompson was shot in the Midtown Manhattan in December, causing concerns about CEO security and caused the removal of the leadership page from several company websites. His death put Rising costs US healthcare system in headlines.
Connected: Data Brech of United Health impressed 100 million Americans. What the cyber attack exposed here.
The United Health Group also faced a cyber attack in February 2024, which affected personal data About 100 million AmericansAnd one No -confidence check This is February by the US Department of Justice.
The company has more than 440,000 Total employee According to 31 December, 2023, filing. It is the largest healthcare company in the US based on revenue, More than $ 400 billion in 2024,
The market cap of United Health Group was $ 286 billion At the time of writing, below $ 566 billion in November.
The United Health Group is calling a former CEO back to lead the company, and sweetening the deal by adding $ 60 million equity award for $ 1 million base salary.
United health group Announced On Tuesday, its Chief Executive Officer, 60 -year -old Andrew Viti, will immediately step for “personal reasons” and 72 -year -old Stephen Hemsley, president of the company’s board of directors, will succeed him as CEO.
To mark the infection, Hemsley will get a base salary of $ 1 million and once a $ 60 million equity award, which includes stock options, which are made after three years, Bloomberg Report. In comparison, Viti received a high base salary of $ 1.5 million in 2024, but less compensation of $ 26 million for the year including stock and option award.
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