Home Business UnitedHealth leadership transition praised by Wall Street

UnitedHealth leadership transition praised by Wall Street

0
SHARE
UnitedHealth Group
UnitedHealth Group Inc.’s leadership change with new company chief executive announced this Wednesday. Under the announcement President David Wichmann will become UnitedHealth CEO on September 1st, 2017. Whereas the current CEO Stephen Hemsley will become Executive Chairman of the Board of Directors.

“Management is the single most important factor in our view of the UNH – and with Hemsley staying in a very important operating strategic role, we are very comfortable with this change,” said Mizuho analyst Sheryl Skolnick. “That’s critical to us – that Steve, who made the transition from ‘the guy who makes the trains run on time’ to the single most visionary health care executive we know who is one superb ‘operator’, is staying on in that strategic role.

“The guardians of the UNH galaxy are firmly in place,” Skolnick concluded.

David Wichmann has been associated with the company since 1998 and has previously served as chief financial officer, overseeing the company’s benefits and businesses, led mergers and acquisitions activities and more.

Wichmann is ‘the keeper of keys – having done practically every acquisition over the last 20 years, no one knows better where the jewels are hidden in the organisation, or how to run the still-important health plan,” she said.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here