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UnitedHealth Group Incorporated announced the retirement of Chief Executive Officer David S. Wichmann, effective February 2, 2021. Mr. Wichmann has been CEO of UnitedHealth since September 1, 2017. From 2017 to 2019, Mr. Wichmann realized $156,765,148 in total compensation.
On February 3, 2021, Sir Andrew P. Witty assumed the role of Chief Executive Officer. Mr. Witty was previously the President of UnitedHealth Group and Chief Executive Officer, Optum. His annual target compensation is as follows:
| Base Salary | Target Bonus | Target Annual RSUs | Total Annual Options | Target Annual PSUs | Total Annual Compensation |
|
$1,500,000
|
$3,000,000 | $3,593,750 | $3,593,750 | $7,187,500 | $18,875,000 |
To view the details of this transition, please click here.
To view Mr. Witty’s updated employment agreement, please click here.
David Wichmann is the 10th CEO from the Equilar 500 to announce their resignation in 2021.
Senior Research Analyst at Equilar
Owen Gilles, Senior Research Analyst at Equilar, authored this post. Please contact Amit Batish, Manager, Content & Communications, at abatish@equilar.com for more information on Equilar research and data analysis.
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