UnitedHealth Group Shuffles Senior Leadership
Minnetonka-based UnitedHealth Group on Friday announced leadership changes at its two major divisions.
Dirk McMahon, who’s been with the health care giant since 2003, was named CEO of UnitedHealthcare, the company’s platform for health care coverage and benefit services. He’ll take over for Steve Nelson, who’s slated to retire.
Before being named CEO of United Healthcare, McMahon served as president and chief operating officer of Optum, the company’s pharmacy benefit management arm.
Daniel Schumacher will take over McMahon’s old role. Schumacher most recently served as president and chief operating officer of UnitedHealthcare. In the new role, he’ll oversee OptumInsight, which is the company’s data, analytics, and technology business unit.
Schumacher has been with UnitedHealth Group since 1999.
In 2018, UnitedHealth Group reported annual revenue of $226.2 billion, marking a 12 percent jump over the prior year. The company’s net earnings in 2018 grew to $12.3 billion from $10.8 billion in 2017.
In a news release, UnitedHealth Group CEO David Wichmann said the leadership changes come amid strong performance “on multiple dimensions.”