UnitedHealth Names David Wichmann CEO; Hemsley To Become Executive Chairman

(RTTNews) - The board of UnitedHealth Group (UNH) announced that David Wichmann, president of UnitedHealth Group, will succeed Stephen Hemsley as CEO and become a director of the company, effective Sept. 1, 2017. On the same date, Hemsley will take the newly created role of executive chairman of the board; current board chairman, Richard Burke, will become lead independent director.

UnitedHealth Group also announced that its Board authorized payment of a cash dividend of $0.75 per share, to be paid on September 19, 2017, to all shareholders of record of UnitedHealth Group common stock as of the close of business on September 8, 2017.