UnitedHealth’s Exiting CEO to Get Salary, Bonus for 2 Years
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UnitedHealth Group Inc. will pay departing Chief Executive Officer Dave Wichmann about what he would be entitled to as severance -- two years’ salary and bonus -- after his unexpected retirement last week, the company disclosed in a securities filing.
Former pharmaceutical executive Andrew Witty, who had been leading the company’s Optum health-services division, was tapped to succeed Wichmann as CEO last week. The change was effective immediately. Wichmann had been chief for less than four years, and the company had made no signal that a leadership change was coming.