UnitedHealth Group Inc. said Wednesday that David Wichmann, who has been president since 2014, will become chief executive on Sept. 1. Current CEO Stephen Hemsley will become executive chairman of the board, while current board chairman, Richard Burke, will become the company’s lead independent director. Wichmann joined UnitedHealth in 1998 and served as chief financial officer from 2011 until mid-2016. Shares rose 1.2% in premarket trade, and have gained 21.5% in 2017, while the S&P 500 has gained 10%.
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