UnitedHealth's CEO Hemsley to get $1 million annual base pay

Reuters

Wed, May 14, 2025, 5:25 AM 1 min read

(Reuters) -UnitedHealth Group CEO Stephen Hemsley volition get an yearly basal wage of $1 cardinal and a one-time $60 cardinal equity grant arsenic helium returns to the apical relation astatine a pugnacious clip for the healthcare conglomerate.

Hemsley, 72, had led the institution for much than a decennary until 2017 and is re-taking the reins pursuing a bid of setbacks for UnitedHealth, including a cyber attack, national investigations, soaring aesculapian costs, and the execution of a apical executive.

He volition besides person enforcement information benefits, a filing showed connected Wednesday.

UnitedHealth announced the abrupt departure of erstwhile CEO Andrew Witty connected Tuesday and suspended its yearly forecast owed to surging aesculapian costs, sending its shares down astir 18% connected the day.

The institution did not disclose immoderate details connected Witty's exit bundle successful the Wednesday filing.

Hemsley, often credited with creating UnitedHealth's cardinal maturation motor Optum, volition proceed to service arsenic the seat of the committee and volition halt receiving compensation arsenic a director. He volition not get an yearly currency inducement grant either.

The one-time $60 cardinal equity grant is successful non-qualified banal options that volition vest aft 3 years, with nary further yearly equity awards during the archetypal 3 years of his employment.

(Reporting by Sriparna Roy successful Bengaluru; Editing by Devika Syamnath)