(MENAFN) tedHealth Group Inc said on Wednesday president David Wichmann will become the company's chief performer, succeeding Stephen Hemsley, after more than a decade at the helm of the largest U.S. health insurer, who is moving to the newly created role of performer chairman.
Mizuho Securities analyst Sheryl Skolnick wrote in a research note, "Management is the single most important factor in our view of UnitedHealth - and with Hemsley staying in a very important operating/strategic role, we are very comfortable with this change."
"The guardians of the UNH galaxy are firmly in place, As founder, Burke also remains on the board " Skolnick said.
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