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UnitedHealth elevates retirement division head to take over for deceased CEO Thompson

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UnitedHealth Group has appointed a new leader for its UnitedHealthcare division following the tragic death of CEO Brian Thompson.
Tim Noel, who has been with the company since 2007, will step into this role. Until recently, he was in charge of UnitedHealthcare’s Medicare and retirement sector.

UnitedHealthcare stands as the largest insurer in the United States, providing coverage to over 49 million individuals. It also leads in offering Medicare Advantage plans, catering to approximately 7.8 million beneficiaries who utilize the privately managed alternatives to traditional Medicare, primarily for seniors aged 65 and older.

In addition to UnitedHealthcare, UnitedHealth Group operates the Optum segment, which includes one of the country’s largest pharmacy benefit managers and healthcare services.

Brian Thompson, aged 50, was tragically killed on December 4 after being shot outside a hotel in New York City while heading to the company’s annual investor meeting.
A 26-year-old individual named Luigi Mangione has been charged at both state and federal levels regarding the circumstances surrounding Thompson’s death.

On the stock market, shares of UnitedHealth Care Inc., based in Minnetonka, Minnesota, saw an increase of nearly 2%, amounting to a rise of $10, bringing shares up to $529.66, coinciding with modest gains in broader trading indexes.