UnitedHealth Group, the nation’s largest medical health insurance firm, mentioned president and chief … [+]
UnitedHealth Group, the nation’s largest medical health insurance firm, mentioned president and chief working officer Dirk McMahon “notified the corporate of his determination to retire, efficient April 1.”
McMahon, who’s 64 years previous, has been with UnitedHealth for greater than 20 years and been a key a part of the expansion story of each the corporate’s medical health insurance enterprise, UnitedHealthcare, and its fast-growing medical care supplier enterprise, Optum.
McMahon is an integral a part of UnitedHealth’s three-man “office of the CEO” that features chief govt officer Andrew Witty and John Rex, govt vice President and chief monetary officer. A alternative for McMahon has not been named.
Dirk McMahon, president and chief working officer is an integral a part of UnitedHealth’s … [+]
“After greater than 20 years of devoted and distinguished service, Mr. McMahon helped the individuals of UnitedHealthcare and Optum constantly ship sturdy, market-leading development and efficiency, whereas persevering with to construct the patron, scientific and technological capabilities the group must ship on its mission and produce value-based care to thousands and thousands extra individuals throughout the well being system,” UnitedHealth said in a document filed Wednesday afternoon with the U.S. Securities and Exchange Commission. “Because of Mr. McMahon’s profitable tenure with the Firm, he has met the definition of retirement set forth in his beforehand granted fairness awards, which can proceed to vest in accordance with their phrases, much like fairness awards granted to different workers.”
UnitedHealth Group reported $22 billion in 2023 income together with $5.5 billion within the fourth quarter as its portfolio of medical health insurance and supplier providers below the Optum umbrella grew by double-digit percentages.
