UnitedHealth's president David S. Wichmannon will become chief executive and board director of the insurer's parent company, UnitedHealth Group, on Sept. 1, succeeding Stephen J. Hemsley. 

"This is the right time for this transition to take place, as the company is performing strongly and has a positive outlook for the foreseeable future, and Dave Wichmann is the right choice to succeed as CEO for that future," says Hemsley, 65, who will take the newly created role of executive chairman of the board on the same date. 

The New York City-based parent also announced that its current board chairman, Richard Burke, will become lead independent director. 

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Katie Kuehner-Hebert

Katie Kuehner-Hebert is a freelance writer based in Running Springs, Calif. She has more than three decades of journalism experience, with particular expertise in employee benefits and other human resource topics.

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