UnitedHealth Faces CEO-Chair Split Proposal Amid Missed Earnings
UnitedHealth Group, the largest U.S. health insurer, faces a proposal to split the roles of CEO and board chair, currently held by Stephen Hemsley. This comes after the company missed earnings targets and revised its 2025 outlook due to rising medical costs and government plan shortfalls, aiming to regain shareholder confidence.
Hemsley took over as CEO in May following Andrew Witty's sudden resignation and has served as board chair since 2017. A UnitedHealth shareholder proposed separating the roles, a suggestion backed by the Accountability Board, a nonprofit advocacy group with at least $25,000 invested in the company for over a year. Matt Prescott, president of the Accountability Board, declined to disclose the exact percentage of their holdings but confirmed their investment. The board argues that splitting the roles would enhance 'checks and balances' in the company's governance.
UnitedHealth Group is considering a proposal to split the roles of CEO and board chair, currently held by Stephen Hemsley. The Accountability Board, a significant shareholder, supports this change to improve governance and accountability within the company.
