UnitedHealthcare has named Tim Noel, a company veteran, as its new CEO, per a CNBC report.
The appointment follows the fatal, targeted shooting of its former top executive, Brian Thompson, in Manhattan in December.
Noel served as head of Medicare and Retirement at UnitedHealthcare, the largest private health insurer in the United States and the insurance arm of UnitedHealth Group.
Noel, who first joined UnitedHealthcare in 2007, “brings unparalleled experience to this role with a proven track record and strong commitment to improving how health care works for consumers, physicians, employers, governments and our other partners,” UnitedHealth Group said in a statement, per the CNBC report.
[Read more: UnitedHealthcare CEO fatally shot in Manhattan]
The report also noted that Noel oversaw a part of UnitedHealthcare’s business that includes Medicare Advantage plans, “which have been the source of skyrocketing costs for insurers.”
Noel will take over the company’s largest segment by revenue, with sales of $298 billion and operating profit of $15.6 billion in 2024, per a Bloomberg report.
