UnitedHealth Group Incorporated (NYSE:UNH) announced on Monday that Andrew Witty has resigned from his position as a director of the company, effective immediately. The resignation comes ahead of the company’s annual shareholder meeting scheduled for June 2, 2025. The news comes during a challenging period for the company’s stock, which has declined about 46% over the past six months.
Witty, who has served on the UnitedHealth board, will no longer be standing for re-election at the upcoming meeting. The company’s brief statement did not provide a reason for Witty’s departure nor did it mention a successor for his position on the board.
This change comes at a time when UnitedHealth, a leader in healthcare services with over $410 billion in annual revenue, continues to navigate the complex healthcare landscape. The company is well-known for providing health insurance services and a range of health products and services through its two distinct platforms, UnitedHealthcare and Optum.
The information regarding Witty’s resignation was disclosed in a regulatory filing with the Securities and Exchange Commission on May 21, 2025. The filing ensures compliance with SEC regulations regarding the announcement of significant corporate governance changes.
As one of the largest companies in the health insurance sector, UnitedHealth Group’s corporate movements are closely watched by investors and industry analysts. However, the company has not indicated how Witty’s departure may affect its strategic direction or operations.
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