SHELBY LIVINGSTON November 11, 2019
UnitedHealth
Group has tapped the CEO of its Optum business, Andrew Witty, to serve as
president of UnitedHealth Group.
Witty
will also continue to serve as Optum's chief, the Minnetonka, Minn.-based
health insurance giant said Monday.
He will
oversee enterprise business strategy, development and partnerships, as well as
enterprise research and development and clinical capacities, the company said.
"I'm
confident that expanding Andrew's strategic insights more broadly across the
company will help accelerate the next phase of innovation and growth at
UnitedHealth Group as we focus on building and shaping the next generation
health system in a socially conscious way," UnitedHealth CEO David
Wichmann said in the announcement.
Witty came to UnitedHealth to lead Optum, the company's
fastest-growing business, in March 2018. He served as CEO of London-based
pharmaceutical company GlaxoSmithKline from 2008 to 2017.
Last
month, UnitedHealth reported third-quarter 2019 revenue of $60.4 billion,
up 6.7% over the same period in 2018, and earnings from operations of $5
billion, up 9.2%. Optum drove the growth, reporting revenue of $28.8 billion,
up 13.3%, and earnings from operations of $2.4 billion, up 16.1% year over
year.
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