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HomeAll newsMost read newsBusiness Leaders Biography
Age : 53
Public asset : 13,431,591 USD
Linked companies : G1 Therapeutics Inc
Biography : Andrew Philip Witty is a British businessperson who has been at the head of 7 different companies. P

UnitedHealth names former GSK CEO Andrew Witty as Optum head

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03/13/2018 | 02:01pm CEST
Sir Andrew Witty attends the WEF annual meeting in Davos

(Reuters) - Health insurer UnitedHealth Group Inc (>> UnitedHealth Group) on Tuesday named its board member and former GlaxoSmithKline Plc (>> GlaxoSmithKline) head Andrew Witty as chief executive of its pharmacy benefit unit, Optum, effective July 1.

(Reuters) - Health insurer UnitedHealth Group Inc on Tuesday named its board member and former GlaxoSmithKline Plc head Andrew Witty as chief executive of its pharmacy benefit unit, Optum, effective July 1.

Optum's current CEO Larry Renfro will lead the investment initiatives of the unit through an expanded Optum Ventures, the company said.

It will include a new $100 million global fund for emerging and advanced technology, data analytics and healthcare services companies.

Optum unit manages drug benefits and offers healthcare data analytics services.

The company said Witty will step down from its board effective immediately.

(Reporting by Mrinalini Krothapalli; Editing by Arun Koyyur)

Stocks treated in this article : UnitedHealth Group, GlaxoSmithKline
Stocks mentioned in the article
ChangeLast1st jan.
AMGEN 0.76% 202.34 Delayed Quote.15.34%
UNITEDHEALTH GROUP -0.22% 263.29 Delayed Quote.20.34%
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