UNH » Topics » UNITEDHEALTH GROUP OPERATIONS

This excerpt taken from the UNH 8-K filed Apr 22, 2008.

UNITEDHEALTH GROUP OPERATIONS

Minneapolis (April 22, 2008) – UnitedHealth Group (NYSE: UNH) today announced that David S. Wichmann has assumed the position of executive vice president of UnitedHealth Group and president of UnitedHealth Group Operations. He will be charged with optimizing business performance across UnitedHealth Group and within each of the market groups and business segments. Mr. Wichmann will report to Stephen J. Hemsley, president and chief executive officer of UnitedHealth Group, and the Board of Directors. In a separate press release today, the Company announced that Gail K. Boudreaux will join as executive vice president of UnitedHealth Group and president of the Commercial Markets Group, effective May 5, 2008, the position previously held by Mr. Wichmann.

“Dave’s contributions have been remarkable over the past decade and have prepared him to lead this operational charge to make UnitedHealth Group a stronger organization,” said Mr. Hemsley. “Dave’s leadership skills, his intimate knowledge of the Company, his understanding of the challenges we face in the marketplace and his strong operating skills make him the ideal person for this role. We look forward to working with Dave in his efforts to advance our commitment to our customers and enhance the performance of UnitedHealth Group for our shareholders.”

Today’s move is consistent with the Company’s longstanding practice of developing and rotating executive talent throughout the organization to cultivate and maintain a deep and versatile leadership team at UnitedHealth Group.

In Mr. Wichmann’s newly expanded role, he will be dedicated to driving the necessary change across UnitedHealth Group for improved performance at every level of the business. Mr. Wichmann’s direct accountabilities and priorities will include:

 

   

Optimizing business performance across the UnitedHealth Group enterprise and within each of its market groups and business segments;

 

Page 1 of 2


   

Strengthening UnitedHealth Group’s organizational structure and helping to attract and place strong talent where necessary to respond to the rising complexities of the businesses and to improve the speed of decision-making and innovation;

 

   

Addressing areas of business unit and process alignment across the business groups, segments and units of the enterprise, along with achieving consistent geographic alignment across all Health Care Services businesses so that UnitedHealth Group faces local and regional markets and engages all stakeholders in an orderly, seamless fashion;

 

   

Overseeing the Company’s operations, technology, integration and quality agenda in each business and on an enterprise basis; and

 

   

Managing corporate development, capital investment and deployment, international operations, strategic market expansions, and all integration activities across the enterprise.

Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki