UnitedHealthcare announces new CEO after death of Brian Thompson
UnitedHealth Group on Thursday announced a new leader for its insurance unit, UnitedHealthcare, after the alleged killing of former CEO Brian Thompson in December.
Tim Noel, who recently became CEO of UnitedHealth Group’s Medicare and retirement business, will step into the top position at UnitedHealthcare after Thompson’s death. Noel has worked for the company since 2007.
UnitedHealth Group said in a statement that Noel “brings unparalleled experience to this role with a proven track record and strong commitment to improving the way health care works for consumers, physicians, employers, governments and other partners.”
UnitedHealthcare is it the largest US health insurer and provides benefits to more than 50 million Americans.
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Thompson was shot and killed on December 4 in Manhattan, where he was going to attend the company’s investor day. Law enforcement officials called the killing a “planned, targeted attack.”
A ticker | Security | Finally | Change | Change % |
---|---|---|---|---|
UNH | Company UNITEDHEALTH GROUP INC. | 529.66 | +10,34 |
+1.99% |
Thompson has worked for the company for more than 20 years and has served as chief financial officer in several of the company’s businesses, including its employer and individual, community and government and Medicare and retirement divisions before UnitedHealthcare CEO.
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Luigi Mangione was arrested again the crime of murder in his murder, and is facing charges related to stalking, firearms and forgery. Mangione faces federal charges in addition to charges in New York and Pennsylvania, where he was arrested after a manhunt.
Internet demographics recommended Mangione for alleged murder, using the crime as an opportunity to vent frustration with the US health care system.
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Last week, UnitedHealth Group announced its latest earnings report in which CEO Andrew Witty thanked the community for the “overwhelming condolences and support” following Thompson’s murder.
“Many of you knew Brian personally. You knew how much he meant to all of us, and how he dedicated his time to helping the health system work better for all the people he was fortunate enough to serve,” said Witty. Thompson “will step in with love and care to find solutions to improve the experience, whether it’s for an individual consumer or an employer or a public health agency.
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“The people of UnitedHealth Group remain focused on making high-quality, affordable health care available to more people while making the health system more accessible to patients and providers, positioning us well for growth in 2025.”
FOX Business’ Daniella Genovese and Reuters contributed to this report.
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